Stock Track | Genius Sports Soars on Earnings Beat and Raised Outlook

Stock Track

Nov 12, 2024

Shares of Genius Sports Ltd (NYSE: GENI) surged over 5% in pre-market trading on Monday after the sports data and technology company reported better-than-expected third-quarter results and raised its full-year guidance.

For the quarter ended September 30, Genius Sports posted adjusted earnings per share of $0.05, beating analysts' estimates by $0.06. Revenue climbed 18.2% year-over-year to $120.2 million, surpassing expectations by $1.28 million.

The company also reported group adjusted EBITDA of $26 million, exceeding its guidance of $25 million and representing a 45% increase from the prior-year period. Bolstered by the strong performance, Genius Sports raised its 2024 group revenue and adjusted EBITDA outlook.

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Revenue climbed 18.2% year-over-year to $120.2 million, surpassing expectations by $1.28 million.</p>\n\n<p>The company also reported group adjusted EBITDA of $26 million, exceeding its guidance of $25 million and representing a 45% increase from the prior-year period. Bolstered by the strong performance, Genius Sports raised its 2024 group revenue and adjusted EBITDA outlook.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GENI","symbol_name":"Genius Sports Ltd","start_time":0,"source_url":"","article_id":"1137168995","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137168995","pubTimestamp":1731416898,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Genius Sports Ltd  surged over 5% in pre-market trading on Monday after the sports data and technology company reported better-than-expected third-quarter results and raised its full-year guidance.For the quarter ended September 30, Genius Sports posted adjusted earnings per share of $0.05, beating analysts' estimates by $0.06. 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