Genius experiences staggering H1 losses due to soaring stock-based expenses

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Genius generates the majority of its revenue from betting technology, content, and services.

Revenue breakdown:

Betting technology $79.6m (up 73.8%)
Sports technology $12.6m (up 72.6%)
Media technology $17.4m (doubled)

Factors contributing to revenue increase:

  • Price increases on existing contracts – $15.8m
  • New customer acquisitions – $7.8m
  • Increased utilization of content – $10.7m

Growth in revenue geographically:

Region Revenue (in millions) Growth Percentage
Europe $81.7 62.1%
Americas $19.9 155.1%
Rest of the World $7.9 100%
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Henri Welsh is a seasoned writer with a deep passion for the world of gambling and online gaming. With over a decade of experience in the industry, Henri has cultivated an extensive knowledge of casinos, sports betting, poker, and the rapidly evolving landscape of online gambling. His writing is marked by a keen analytical eye and a talent for breaking down complex topics into engaging, accessible content. Henri's articles provide readers with insightful strategies, industry trends, and in-depth reviews, helping both novices and seasoned players make informed decisions.
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