Genius Sports Limited ( (GENI) ) has released its Q3 earnings. Here is a breakdown of the information Genius Sports Limited presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Genius Sports Limited is a global leader in sports data, technology, and broadcast services, providing innovative solutions to enhance the sports, betting, and media ecosystem. The company recently reported a 38% increase in group revenue, reaching $166.3 million, driven by significant growth in its media and betting segments. Despite a net loss of $28.8 million, Genius Sports saw a 32% rise in adjusted EBITDA to $34.0 million, highlighting its operational efficiency. Key drivers of revenue growth included an 89% increase in media revenue and a 28% rise in betting revenue, supported by new customer acquisitions and expanded service offerings. The company also announced strategic partnerships and product launches, such as the acquisition of Sports Innovation Lab and the launch of BetVision for global basketball competitions. Looking ahead, Genius Sports has raised its 2025 revenue guidance to $655 million and adjusted EBITDA to $136 million, reflecting strong growth expectations and a commitment to delivering long-term value.