Forget Kalshi Bets: This Under-the-Radar Sports Data Stock Could Actually Mint Millionaires
Genius Sports, a UK-based technology company, provides backend technology for sports wagering and prediction markets, and has seen its shares drop by over 60% year to date. Analysts anticipate a significant impact on earnings after its planned acquisition of Legend, with forecasted earnings of $0.28 per share in 2027 and $0.60 per share in 2028.
Genius Sports is a UK-based technology company that provides the backend technology stack for sports wagering and prediction markets. It is not a sportsbook or prediction markets operator, but rather the ultimate 'pick-and-shovel' play, supplying necessary data and analytics. The company has seen its shares drop by over 60% year to date, despite the rise of prediction markets. Genius Sports has scaled up to profitability on an adjusted EBITDA basis and is set to benefit from incremental revenue growth. The company announced plans to acquire sports media company Legend for $900 million, plus an additional $300 million earnout, which could increase its adjusted EBITDA from $190 million to $320 million. Analysts forecast earnings of $0.28 per share in 2027 and $0.60 per share in 2028, suggesting a potential rebound for the stock.
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