Overview

* Genius Sports ( GENI ) fiscal Q2 rev grows 24% yr/yr, beating analyst expectations

* Adjusted EBITDA for fiscal Q2 rises 64%, beats consensus, per LSEG data

* Net loss widens to $53.9 mln due to higher in stock-based compensation and

* Co raises 2025 revenue and adj. EBITDA guidance, indicating strong growth

Outlook

* Genius Sports ( GENI ) expects 2025 revenue of approximately $645 mln

* Company projects 2025 adjusted EBITDA of about $135 mln

* Genius Sports ( GENI ) anticipates 30% growth in Betting Technology revenue

* Company expects at least 20% growth in Media Technology revenue

Result Drivers

* BETTING TECHNOLOGY - Revenue increased 30% driven by higher betting volumes, price increases, and expanded services

* MEDIA TECHNOLOGY - Revenue grew 4% due to increased programmatic advertising services

* SPORTS TECHNOLOGY - Revenue rose 22% primarily from sales of GeniusIQ technology products

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $118.72 $118.50

Revenue mln mln (17

Analysts

)

Q2 Net -$53.95

Income mln

Q2 Beat $34.15 $34.10

Adjusted mln mln (16

EBITDA Analysts

)

Q2 28.8%

Adjusted

EBITDA

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for Genius Sports Ltd ( GENI ) is $13.00, about 6% above its August 5 closing price of $12.22

* The stock recently traded at 217 times the next 12-month earnings vs. a P/E of 178 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)