Genius Sports Ltd (NYSE:GENI) shares are trading higher Wednesday following the announcement of long-term financial targets and a major strategic partnership. Here’s what investors need to know.
- GENI is among today’s top performers. See the full breakdown here.
What To Know: As the company hosts its Investor Day Wednesday, leadership unveiled a 2028 outlook projecting group revenue of $1.2 billion and adjusted EBITDA of $365 million, representing a 30% margin.
The data and technology provider also forecasts $220 million in free cash flow by 2028, with CEO Mark Locke emphasizing that these targets rest on “already-demonstrated growth” rather than “blue-sky ambition.”
Momentum is further bolstered by a new collaboration with FanDuel Sports Network to launch an “Intelligent Content Platform” across NBA and WNBA broadcasts. Utilizing the company’s GeniusIQ platform, the partnership enables brands to deliver real-time, contextually relevant advertising and game insights, such as shot probability and heat maps, during live action.
Benzinga Edge Rankings: Benzinga Edge rankings currently highlight the stock’s quantitative profile with a Momentum score of 48.22 and a Growth score of 21.23, offering investors a data-driven snapshot of the company’s recent market performance.
GENI Price Action: Genius Sports shares were up 9.94% at $11.12 at the time of publication on Wednesday, according to Benzinga Pro data.
Read Also: Services Sector Shows Robust Growth — But Prices Are Still Way Too Hot
How To Buy GENI Stock
By now you're likely curious about how to participate in the market for Genius Sports – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Image: Shutterstock
