Genius Sports Inc has raised its full-year 2023 corporate guidance, as Q3 trading outperforms expectations. The NYSE-listed sportstech group declared a key milestone as it surpassed corporate revenues of $100m for the first time in Q3. Group revenues stood at $102m, exceeding third quarter guidance of $100m and representing 29% year-on-year growth on 2022 comparative results of $77m. A breakdown …
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Genius further cuts down losses as 2022 revenue hits all targets
Genius Sports has reported a strong close to year-end trading, with revenue up across all three of its core trading segments, as 2022 financial results exceed previous expectations. The NYSE-listed sportstech and data group saw its full year 2022 revenues rise 30% from $262.7m to $341m, whilst Q4 income increased 25.4% to $105.3m (2021: $84m). This enabled the firm to further …
Read More »Genius ups 2021 forecasts as investment soars to maximise US opportunities
Genius Sports has outlined that its US-focused expansion strategy is on course, having experienced significant growth in the third quarter of 2021 and striking partnerships with a number of major betting operators. Publishing its Q3 2021 trading update, the NYSE-registered sports data and technology provider detailed group revenue of $69.1 million, a 70% increase on the previous year’s figure of …
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