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
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