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Genius Sports Clocks 60% Revenue Growth In Q1 Aided By Betting, Sports, Media Technology Segments

By Anusuya Lahiri
  • Genius Sports Limited (NYSE:GENIreported first-quarter FY22 revenue growth of 59.9% year-on-year to $85.9 million, beating the consensus of $77.9 million.
  • Segments: Betting Technology, Content & Services revenue grew 27.6% Y/Y to $49.7 million.
  • Sports Technology & Services revenue rose 123.3% Y/Y to $12.1 million.
  • Media Technology, Content & Services revenue increased 157.3% Y/Y to $24.1 million.
  • EPS loss of $(0.21) missed the consensus of $(0.15).
  • Genius Sports held $174.1 million in cash and equivalents.
  • Outlook: Genius Sports reiterated the FY22 revenue outlook of $340 million, below the consensus of $342.9 million.
  • Genius Sports also reaffirmed FY23 revenue of $430 million - $440 million versus the consensus of $437.4 million.
  • Price Action: GENI shares traded higher by 4.69% at $2.90 on the last check Thursday.
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Dive Deeper:
Honest Company Stock Gains Post Q1 Results; Maintains FY22 Outlook
Honest Company Inc (NASDAQ: HNST) reported a first-quarter FY21 sales decline of 15% year-on-year to $68.72 million, missing the consensus of $68.80 million. Diapers…
CyberArk Software Clocks 13% Revenue Growth In Q1, Misses Street View
CyberArk Software Ltd (NASDAQ:CYBR) reported first-quarter FY22 revenue growth of 13% year-on-year to $127.6 million, missing the consensus of $130.3 million. Non-GAAP EPS…
Why Volta Shares Are Trading Higher Today
Volta Inc (NYSE:VLTA) reported first-quarter FY22 sales growth of 77% year-on-year to $8.39 million, beating the consensus of $8.28 million. Media revenue increased…
Paysafe Registers 3% Revenue Decline In Q1 Due To Mixed Segment Performance; Reiterates FY22 Outlook
Paysafe Limited (NYSE:PSFE) reported a first-quarter FY22 revenue decline of 3% year-on-year to $367.7 million, missing the consensus of $371.7 million. Total Payment…
One subscription that gives you access to news from hundreds of sites
Why Duolingo Shares Are Surging Today
Duolingo Inc (NASDAQ:DUOL) reported first-quarter FY22 sales growth of 47% year-on-year to $81.22 million, beating the consensus of $77.44 million. Total bookings increased…
WiSA Shares Drop On 50% Revenue Decline In Q1; Margin Shrinks
WiSA Technologies, Inc (NASDAQ:WISA) reported a first-quarter FY22 revenue decline of 50% year-on-year to $0.6 million, missing the consensus of $1.38 million. The…
Get all your news in one place