The earnings call was largely positive, with strong revenue and adjusted EBITDA growth, successful sportsbook renewals, and innovative product developments like FanHub and BetVision contributing to optimism. While there were some concerns regarding negative game outcomes and cash flow timing, these were not seen as materially impacting the company's positive outlook.

Company Guidance

During the Genius Sports Q3 2024 earnings call, the company provided updated guidance reflecting strong financial performance and strategic execution. Genius Sports reported group revenue of $120 million, an 18% year-on-year growth, and an adjusted EBITDA of $26 million, marking a 45% increase year-on-year and a 400 basis point margin expansion to 21%. The company raised its 2024 guidance, projecting $511 million in group revenue, up 24% year-on-year, and $86 million in group adjusted EBITDA, a 61% increase from the previous year. This update surpasses the initial guidance of $480 million in revenue and $75 million in EBITDA. Despite unfavorable game outcomes impacting bookmakers in October, Genius reaffirmed its Q4 guidance, expecting nearly 40% revenue growth and a 900 basis point adjusted EBITDA margin expansion. Looking forward, the company anticipates sustained annual revenue growth of 20% and aims to reach an adjusted EBITDA margin target of at least 30%, driven by strategic sportsbook renewals and new product offerings like BetVision and FanHub.

Strong Revenue Growth

Genius Sports reported group revenue of $120 million, representing an 18% year-on-year growth. They have raised their 2024 guidance, expecting to finish the year with $511 million in group revenue, up 24% year-on-year.

Record-Breaking Adjusted EBITDA

Group adjusted EBITDA reached $26 million in the quarter, representing 45% growth year-on-year and 400 basis points of margin expansion to 21%.

Successful Sportsbook Renewals

New commercial terms were agreed with major U.S. and global sportsbooks, achieving universal pricing uplift and expanding the distribution of the BetVision product.

Innovative Product Developments

Launch of new fan activation platform, FanHub, and expansion of BetVision, which increased its unique weekly streamers by 12x since last season.

NFL Betting Success

NFL wagering growth reached record highs with a 30% handle increase and a 40% gross gaming revenue increase. In-play wagering now represents 30% of total NFL handle.

---

Genius Sports Limited (GENI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GENI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 07, 2025	2024 (Q4)	0.01 / -	-0.17	―	―	―
Nov 12, 2024	2024 (Q3)	-0.01 / 0.05	-0.06	183.33% (+0.11)
Aug 06, 2024	2024 (Q2)	-0.03 / -0.09	-0.05	-80.00% (-0.04)
May 08, 2024	2024 (Q1)	-0.10 / -0.11	-0.12	8.33% (<+0.01)
Mar 06, 2024	2023 (Q4)	-0.07 / -0.17	-0.63	73.02% (+0.46)
Nov 13, 2023	2023 (Q3)	-0.04 / -0.06	-0.04	-50.00% (-0.02)
Aug 07, 2023	2023 (Q2)	-0.05 / -0.05	-0.02	-150.00% (-0.03)
May 09, 2023	2023 (Q1)	-0.10 / -0.12	-0.21	42.86% (+0.09)
Mar 10, 2023	2022 (Q4)	-0.11 / -0.63	-0.28	-125.00% (-0.35)
Nov 10, 2022	2022 (Q3)	-0.08 / -0.04	-0.37	89.19% (+0.33)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

GENI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	$8.08	$9.47	+17.20%
Aug 06, 2024	$6.00	$6.65	+10.83%
May 08, 2024	$5.42	$5.38	-0.74%
Mar 06, 2024	$7.06	$6.68	-5.38%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---