Key Highlights
- During its Investor Day on the same day, Genius Sports Limited (NYSE:GENI) unveiled targets of hitting $1.2 billion in revenues over the next three years; adjusted EBITDA of $365 million, and free cash flow of $220 million.
- “Genius’ clear, diversified revenue drivers, supported by the predictability of long-term contracts, stable cost base, and scaled infrastructure, allow us to deliver our 2028 financial targets with confidence and to generate sustained free cash flow to deploy against our disciplined capital allocation framework,” said Genius Sports Limited (NYSE:GENI) Chief Finance Officer Bryan Castellani.
- In the third quarter of the year, Genius Sports Limited (NYSE:GENI) swung to a net loss of $28.8 million from a $12.5 million net income in the same period last year.
- Revenues jumped by 38.3 percent to $166.28 million from $120.2 million year-on-year, primarily driven by an 89 percent jump in media revenues and 28 percent growth in betting revenues.
- Genius Sports (GENI) Soars 12% as Firm Bares 2028 Growth Targets Photo by ThisisEngineering RAEng on Unsplash Adjusted EBITDA stood at $33.99 million, higher by 32.3 percent from $25.69 million year-on-year.
