A 34-per-cent jump in revenue in its core betting business helped Genius Sports report increased third-quarter revenue of $101.7m (€95.2m) but foreign currency headwinds contributed to an $11.6m net loss.
The data, technology and broadcast services group listed on the New York Stock Exchange today (Monday) reported revenue up by 29.3 per cent year-over-year and outstripping its guidance of $100m.
Third-quarter revenue of $65.9m in the betting technology, content and services sector accounted for the lion’s share of business…
The group net loss was narrowly higher than the $10.3m figure reported in the second quarter. The third-quarter loss from operations was slashed from $33.4m in the equivalent period 12 months ago to $8.9m but was offset by a $29.8m reduction in gain on foreign currency.
