Earnings ·
Genius Sports reports Q3 revenue of $270M and raises full-year outlook to $1.035B
GENIGenius Sports Ltd
Genius Sports reported third-quarter revenue of $269.9 million, a 62% increase year-over-year, beating guidance of $260 million. The company posted its first quarter of positive operating income at $10.4 million and generated $53.6 million in free cash flow with a 61% conversion rate. Full-year revenue guidance was raised to $1.015 billion–$1.035 billion, and adjusted EBITDA guidance was increased to $287 million–$297 million. Genius Sports operates as a global leader in real-time sports data and AI-powered technology.