Bazis Group reports Q4 2022 revenue of $290.4 million, a 24% YoY increase, and net income of $48.8 million, up 23% YoY. The company's EBITDA reached $90.3 million, a 17% YoY increase. Bazis Group's CEO, Keith Wolfe, attributes the growth to strong demand for residential properties and the company's strategic expansion into new markets. The company's revenue is expected to continue growing in 2023, with a forecasted revenue of $1.23 billion and net income of $217 million. The company's growth is driven by its diversified portfolio of residential, commercial, and industrial properties in the UK and Ireland.
Genius Sports Limited (NYSE: GENI), the official data, technology, and broadcast partner that powers the global sports, betting, and media ecosystem, has reported its financial results for the fiscal second quarter ended June 30, 2025. The company's revenue increased by 24% year-over-year (YoY) to $118.7 million, while its net loss widened to $53.9 million. Despite the net loss, Genius Sports' adjusted EBITDA (non-GAAP) surged by 64% YoY to $34.2 million, marking a quarterly record. The company also raised its 2025 revenue and adjusted EBITDA guidance to $645 million and $135 million, respectively, representing growth of 26% and 57%.
Mark Locke, Genius Sports Co-Founder and CEO, attributed the strong performance to new partnerships and the expansion of existing ones. The company's strategic technology partnership with the NFL was extended and expanded, further demonstrating the strength of its technology. Additionally, Genius Sports announced a partnership with TV measurement company iSpot, integrating its Unified and Outcomes measurement solutions and data insights into its FANHub platform.
Genius Sports expects to generate $645 million in revenue and $135 million in adjusted EBITDA in 2025, assuming 30% growth in Betting Technology, Content & Services Revenue and at least 20% growth in Media Technology, Content & Services Revenue. The company also expects to increase its positive annual cash flow in the full year of 2025.
The appointment of Bryan Castellani as the new Chief Financial Officer (CFO) was announced. Castellani, a seasoned financial executive with over two decades of experience, will take over the role effective October 1, 2025. Outgoing CFO Nick Taylor will remain with the company during the transition to ensure a smooth handover.
Genius Sports' management will host a conference call and webcast today at 8:00 AM ET to discuss the Group’s second quarter results. The live conference call and webcast may be accessed on the Genius Sports investor relations website at investors.geniussports.com.
Genius Sports is uniquely positioned to power the future of sports fan experiences through AI, computer vision, and big data. The company's technology is used in over 150 countries worldwide, creating highly immersive products that enrich fan experiences across the entire sports industry.
References:
[1] https://finance.yahoo.com/news/genius-sports-reports-24-group-110000509.html
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