Genius Sports said its U.S. business tripled in its third quarter compared to 2021, as the sports data and analytics business beat Wall Street expectations on sales and earnings.
The company said it generated $235.7 million of revenue in the quarter, ended Sept. 30, up 14% on the year and besting management’s earlier guidance of $231 million. Genius booked a net loss of 4 cents a share, beating analyst consensus of a 7-cents-a-share loss, according to data compiled by Thomson Reuters.
“This year has been characterized by strong execution as we continue to deploy innovative technology, win new customers, and strengthen our key partnerships across the sports, betting, media, and broadcasting ecosystem,” Genius founder and CEO Mark Locke said in a press release [Thursday] morning.
