Genius Sports Q3 Earnings Top Estimates

Loading...
Loading...
  • Genius Sports Ltd GENI reported third-quarter FY22 sales growth of 13.8% year-on-year to $78.65 million, beating the consensus of $78.16 million.
  • Segment Revenue: Betting Technology, Content & Services increased 12.6%, Media Technology, Content & Services jumped 29%, and Sports Technology & Services fell 0.3%.
  • The loss from operations narrowed to $(33.4) million.
  • The company held $150 million in cash and equivalents as of September 30, 2022.
  • Adjusted EBITDA was $7.6 million with the margin of 9.7%.
  • EPS loss of $(0.04) beat the analyst consensus of $(0.07).
  • Outlook: Genius Sports reaffirms FY22 group revenue guidance of $340 million (consensus $339.76 million) and adjusted EBITDA of about $15 million.
  • For FY23, the company expects group revenue of $430 million - $440 million (consensus $405.56 million) and adjusted EBITDA of $40 million - $50 million.
  • Price Action: GENI shares are trading higher by 0.76% at $4.65 on the last check Thursday.
  • Photo Via Company
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPenny StocksGuidanceSmall CapGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...