Genius Sports Group (GENI) Tops Q3 EPS by 6c, Beats on Revenue; Offers FY24 Revenue Guidance

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Go back to Genius Sports Group (GENI) Tops Q3 EPS by 6c, Beats on Revenue; Offers FY24 Revenue Guidance

Genius Sports Reports Third Quarter Results Above Expectations and Raises Full-Year 2024 Group Revenue and Adj. EBITDA Growth Outlook to 24% and 61%, Respectively

November 12, 2024 7:00 AM EST

Group Revenue of $120m, exceeding third quarter guidance of $119m, representing 18% growth year-over-year Group Net Income of $13m and Group Adj. EBITDA of $26m, exceeding guidance of $25m and increasing 45% year-over-year Raised 2024 Group Revenue and Adj. EBITDA guidance to $511m and $86m, respectively, representing growth of 24% and 61% and nearly 400bps of margin expansion Reaffirming expectation to generate positive cash flow in 2024 Agreed improved commercial terms with all major U.S. sportsbook customers and many others across the globe

LONDON & NEW YORK--(BUSINESS WIRE)-- Genius Sports Limited (NYSE:... More