Genius Sports’ income will increase didn’t put it aside from greater than doubling its internet loss for the quarter.

The know-how firm reported a 25.4% year-over-year improve in fourth-quarter group income to $105.3 million, however widened its group internet loss by 129.7% to $127.7 million from $53.3 million.

Its betting know-how, content material, and providers phase recorded a This fall income improve of 21.5% to $65.5 million. Revenue for the media know-how, content material, and providers phase jumped 50.4% to $25.6 million, along with a 8.6% improve to $14.2 million for the sports activities know-how and providers phase. 

During the three months ending Dec. 31, 2022, Genius launched NFL “Watch & Bet” video streams within the U.S. and Canada, prolonged its partnership with bet365, developed “In-Play MultiBet” for gamers to position same-game parlays, and launched a three-point shot tracker for the NBA on ESPN.

For the complete 12 months, Genius reported a 29.8% improve in group income to $341 million. 

Revenue rose 18.1% for its betting know-how, content material, and providers phase to $209.3 million, 71.2% for its media know-how, content material, and providers phase to $82.7 million, and 31.9% for its sports activities know-how and providers phase to $49.1 million.

Genius expects group income for 2023 to achieve $341 million.