Genius Sports Reports Q3 Revenue Beat and Raises Full-Year Guidance
Genius Sports (GENI) reported third-quarter revenue of $270 million, representing a 62.4% year-over-year increase and exceeding market expectations by $8.79 million. While the company missed GAAP earnings per share estimates with a loss of $0.06 per share, its operational efficiency showed significant improvement as adjusted EBITDA grew 156.4% year-over-year to $87.1 million. Driven by strong performance, management raised its full-year revenue guidance to a range of $1.015 billion to $1.035 billion and increased its adjusted EBITDA outlook. The company also reported a substantial expansion in adjusted EBITDA margin, which rose 1,190 basis points to 32.3%, signaling improved unit economics despite rising leverage.
Topics: earnings miss EBITDA growth guidance raise revenue beat