GENI - Genius Sports Scores Revenue Growth But Fumbles on Profit Stock Takes A Hit | Benzinga
Genius Sports Limited (NYSE:GENI) shares are trading lower after the company reported fourth FY23 results.
Sales grew 20.7% Y/Y to $127.2 million, beating the consensus of $126.1 million.
Segment Revenue: Betting Technology, Content & Services increased by 32.3%, Media Technology, Content & Services rose by 11.3%, while Sports Technology & Services declined by 15.8% Y/Y.
Group Adjusted EBITDA was $12.0 million in the quarter, up 349.4% Y/Y. Adjusted EPS loss of $(0.12)