GENI - Why Genius Sports Shares Are Falling Today | Benzinga
Genius Sports Ltd (NYSE: GENI) shares are trading lower by around 8% after the company reported Q3 FY23 results.
Sales grew 29.3% Y/Y to $101.73 million, beating the consensus of $100.38 million.
Segment Revenue: Betting Technology, Content & Services increased by 34.1% Y/Y, Media Technology, Content & Services rose by 27.9% Y/Y, and Sports Technology & Services gained 11.3% Y/Y.
Loss from operations narrowed to $(8.9) million from $(33.4) million loss a year ago, driven by improved underlying performance.
Group Adjusted (non-GAAP) EBITDA was $17.7 million in the ...