Overview

* Genius Sports ( GENI ) Q3 revenue grows 38% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 beats consensus, increasing 32% yr/yr

* Company raises 2025 revenue guidance to $655 mln, a 28% yr/yr growth

Outlook

* Genius Sports ( GENI ) raises 2025 revenue guidance to $655 mln, a 28% increase year-over-year

* Company raises 2025 adjusted EBITDA guidance to $136 mln, a 59% increase year-over-year

* Genius Sports ( GENI ) expects positive annual cash flow in full year 2025

Result Drivers

* MEDIA REVENUE - 89% increase in Media revenue driven by higher programmatic advertising services

* BETTING REVENUE - 28% growth in Betting revenue due to price increases, value-add services, and new customer acquisitions

* NET LOSS FACTORS - Net loss impacted by foreign currency losses and litigation costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $166.28 $155.30

Revenue mln mln (17

Analysts

)

Q3 Net -$28.81

Income mln

Q3 Beat $33.98 $33.80

Adjusted mln mln (16

EBITDA Analysts

)

Q3 20.40%

Adjusted

EBITDA

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "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 $15.00, about 26.2% above its November 3 closing price of $11.07

* The stock recently traded at 152 times the next 12-month earnings vs. a P/E of 201 three months ago

Press Release:

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(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.)