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LONDON/NEW YORK - Genius Sports Limited (NYSE:GENI), a $2.88 billion market cap sports technology company that has delivered an impressive 67% return over the past year according to InvestingPro, announced Thursday it plans to change its independent auditor from WithumSmith+Brown, PC to KPMG LLP following the completion of Withum’s audit for the fiscal year ending December 31, 2025.
The sports data and technology company’s Audit Committee conducted a review process to determine its independent registered public accounting firm for the fiscal year ending December 31, 2026. The committee will appoint KPMG contingent upon the execution of an engagement letter after KPMG completes client acceptance procedures and Withum finishes the 2025 fiscal year audit.
The auditor change will require shareholder approval at the 2026 Annual General Meeting, according to the company’s press release statement.
Genius Sports indicated it is working with both accounting firms to ensure a seamless transition. The company serves as an official data, technology and broadcast partner for sports organizations across more than 150 countries worldwide.
Genius Sports provides services to over 1,000 sports organizations, including partnerships with major leagues, teams, sportsbooks and media companies such as the NFL, English Premier League, NCAA, DraftKings, FanDuel, and various broadcasters.
In other recent news, Genius Sports Limited announced that Bryan Castellani has assumed the role of Chief Financial Officer, overseeing the company’s global finance operations. This leadership change comes as Genius Sports continues to expand its business, highlighted by the acquisition of Sports Innovation Lab. The acquisition aims to enhance Genius Sports’ media business by integrating Sports Innovation Lab’s fan data analytics with its official league data. Analysts have responded positively to these developments, with Benchmark reiterating a Buy rating and a $16 price target following the acquisition. Roth/MKM also initiated coverage with a Buy rating and a $16 price target, citing the company’s growth potential with projected revenue growth rates. Meanwhile, UBS raised its price target for Genius Sports to $13 from $11, maintaining a Neutral rating, following the company’s better-than-expected second-quarter results. These results led Genius Sports to raise its full-year 2025 guidance, reflecting increased confidence in its financial performance.
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