Genius Sports Swings to Q3 Profit, Revenue Rises; 2024 Revenue Guidance Raised

MT Newswires Live

Nov 12, 2024

Genius Sports (GENI) reported Q3 earnings Tuesday of $0.05 per diluted share, swinging from a loss of $0.05 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.01.

Revenue for the quarter ended Sept. 30 was $120.2 million compared with $101.7 million a year earlier.

Analysts surveyed by Capital IQ expected $118.9 million.

The company expects group revenue of $176 million for Q4, while analysts polled by Capital IQ expect $175.9 million.

Genius Sports marginally raised its 2024 group revenue guidance to about $511 million from $510 million. Analysts polled by Capital IQ expect $510.2 million. The company also said it continues to expect to generate positive cash flow in 2024.

Shares were 9.5% higher in recent premarket activity.

Price: 8.30, Change: +0.22, Percent Change: +2.72

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2482704174"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2482704174\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2482704174?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-12 21:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482704174","market":"sh","top_or_hot":-1,"title":"Genius Sports Swings to Q3 Profit, Revenue Rises; 2024 Revenue Guidance Raised","media":"MT Newswires Live","content":"<html><body><p> Genius Sports (GENI) reported Q3 earnings Tuesday of $0.05 per diluted share, swinging from a loss of $0.05 a year earlier.</p><p>Analysts polled by Capital IQ expected a loss of $0.01.</p><p>Revenue for the quarter ended Sept. 30 was $120.2 million compared with $101.7 million a year earlier.</p><p>Analysts surveyed by Capital IQ expected $118.9 million.</p><p>The company expects group revenue of $176 million for Q4, while analysts polled by Capital IQ expect $175.9 million.</p><p>Genius Sports marginally raised its 2024 group revenue guidance to about $511 million from $510 million. Analysts polled by Capital IQ expect $510.2 million. The company also said it continues to expect to generate positive cash flow in 2024.</p><p>Shares were 9.5% higher in recent premarket activity.</p><p>Price: 8.30, Change: +0.22, Percent Change: +2.72</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Genius Sports Swings to Q3 Profit, Revenue Rises; 2024 Revenue Guidance Raised</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGenius Sports Swings to Q3 Profit, Revenue Rises; 2024 Revenue Guidance Raised\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-11-12 21:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Genius Sports (GENI) reported Q3 earnings Tuesday of $0.05 per diluted share, swinging from a loss of $0.05 a year earlier.</p><p>Analysts polled by Capital IQ expected a loss of $0.01.</p><p>Revenue for the quarter ended Sept. 30 was $120.2 million compared with $101.7 million a year earlier.</p><p>Analysts surveyed by Capital IQ expected $118.9 million.</p><p>The company expects group revenue of $176 million for Q4, while analysts polled by Capital IQ expect $175.9 million.</p><p>Genius Sports marginally raised its 2024 group revenue guidance to about $511 million from $510 million. Analysts polled by Capital IQ expect $510.2 million. The company also said it continues to expect to generate positive cash flow in 2024.</p><p>Shares were 9.5% higher in recent premarket activity.</p><p>Price: 8.30, Change: +0.22, Percent Change: +2.72</p></body></html>\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":"https://www.mtnewswires.com/","article_id":"2482704174","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482704174","pubTimestamp":1731418170,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Genius Sports  reported Q3 earnings Tuesday of $0.05 per diluted share, swinging from a loss of $0.05 a year earlier.Analysts polled by Capital IQ expected a loss of $0.01.Revenue for the quarter ended Sept. 30 was $120.2 million compared with $101.7 million a year earlier.Analysts surveyed by Capital IQ expected $118.9 million.The company expects group revenue of $176 million for Q4, while analysts polled by Capital IQ expect $175.9 million.Genius Sports marginally raised its 2024 group revenue guidance to about $511 million from $510 million. Analysts polled by Capital IQ expect $510.2 million. The company also said it continues to expect to generate positive cash flow in 2024.Shares were 9.5% higher in recent premarket activity.Price: 8.30, Change: +0.22, Percent Change: +2.72","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GENI":"Genius Sports Ltd"},"translate_title":"Genius Sports第三季度盈利，收入增长；2024年收入指引上调","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GENI":0.9},"content_text":"Genius Sports (GENI) reported Q3 earnings Tuesday of $0.05 per diluted share, swinging from a loss of $0.05 a year earlier.Analysts polled by Capital IQ expected a loss of $0.01.Revenue for the quarter ended Sept. 30 was $120.2 million compared with $101.7 million a year earlier.Analysts surveyed by Capital IQ expected $118.9 million.The company expects group revenue of $176 million for Q4, while analysts polled by Capital IQ expect $175.9 million.Genius Sports marginally raised its 2024 group revenue guidance to about $511 million from $510 million. Analysts polled by Capital IQ expect $510.2 million. The company also said it continues to expect to generate positive cash flow in 2024.Shares were 9.5% higher in recent premarket activity.Price: 8.30, Change: +0.22, Percent Change: +2.72","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}