An announcement from Genius Sports Limited ( (GENI) ) is now available.
Genius Sports Limited announced its financial results for the fourth quarter and full year of 2024, reporting significant growth in revenue and adjusted EBITDA. The company achieved a 38% year-over-year increase in Q4 revenue to $176 million and a 24% increase for the full year to $511 million. Adjusted EBITDA rose by 171% in Q4 and 61% for the year, reflecting improved profitability. Despite a net loss of $63 million for the year, this marked a 26% improvement from the previous year. The company also outlined a positive outlook for 2025, expecting 21% revenue growth and a 46% increase in adjusted EBITDA, driven by strategic partnerships and technological advancements.
More about Genius Sports Limited
Genius Sports Limited operates in the sports data and technology industry, providing data, technology, and broadcast services that connect sports, betting, and media. The company focuses on enhancing the sports ecosystem through innovative solutions and partnerships, positioning itself as a leader in the global sports technology market.
YTD Price Performance: 2.12%
Average Trading Volume: 2,153,648
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.15B
For detailed information about GENI stock, go to TipRanks’ Stock Analysis page.