Genius Sports, a leading provider of sports data and technology solutions, has reported strong earnings across all segments for 2022. The company’s revenue for the year was $203 million, representing a 25% increase from the previous year.

Genius Sports’ core business segment, which includes sports data and technology solutions for sports leagues and teams, saw a 30% increase in revenue, driven by new partnerships with major sports organizations such as the NFL, NBA, and NCAA. The company’s sportsbook segment, which provides sports betting solutions to operators, also saw strong growth, with revenue increasing by 20%.

The company’s media and technology segment, which includes its streaming platform and digital advertising solutions, saw the most significant growth, with revenue increasing by 40%. This growth was driven by the increased demand for digital content and advertising solutions in the sports industry.

Genius Sports CEO Mark Locke attributed the company’s strong performance to its ability to adapt to the changing needs of the sports industry. “We have continued to invest in our technology and expand our partnerships to provide innovative solutions that meet the evolving needs of our customers,” he said.

Locke also highlighted the company’s focus on responsible gambling and data integrity as key factors in its success. “We are committed to promoting responsible gambling and ensuring the integrity of sports data, which has helped us build trust with our customers and partners,” he said.

Looking ahead, Genius Sports is well-positioned to continue its growth trajectory. The company recently announced a merger with dMY Technology Group II, a special purpose acquisition company (SPAC), which will allow it to go public and access additional capital to fuel its expansion plans.

Overall, Genius Sports’ strong earnings across all segments for 2022 demonstrate its leadership position in the sports data and technology industry. With its focus on innovation, responsible gambling, and data integrity, the company is poised for continued success in the years ahead.