Genius Sports Limited (NYSE:GENI) shares are trading higher on Tuesday.
The company reported fourth-quarter GAAP loss per share of 12 cents, missing the street view of 2 cents earnings. Quarterly sales of $175.53 million (up 38% year over year) marginally missed the analyst consensus estimate of $175.57 million.
Betting Technology, Content & Services revenue increased 48% year-over-year to $128.2 million, driven primarily by growth in business with existing customers as a result of price increases on contract renewals and renegotiations.
Media Technology, Content & Services revenue increased 4% year-over-year to $29.8 million, while Sports Technology & Services revenue increased 47%.
Also Read: Trump Tariffs Will Raise Prices ‘Within Days,’ Target CEO Says
Group adjusted EBITDA margin expanded by 900 basis points year over year to 18.4% in the quarter under review.
Group net loss was $28.2 million in the fourth quarter, representing a $10.2 million improvement compared to the $38.5 million loss in the fourth quarter ended December 31, 2023.
Group Adjusted EBITDA was $32.4 million in the quarter, representing a 171% increase from the year-ago period.
“We have consistently exceeded expectations, bolstered our technology advantage, and strengthened our balance sheet, now positioning Genius Sports for continued success in 2025 and a clear path to achieve greater scale,” said Mark Locke, Genius Sports Co-Founder and CEO.
Outlook: Genius Sports expects to generate group revenue of approximately $620 million (consensus $589.71 million) and group adjusted EBITDA of approximately $125 million in 2025.
The company exited the quarter with cash and equivalents worth $135.24 million.
Price Action: GENI shares are trading higher by 6.07% to $8.825 at last check Tuesday.
Read Next:
Image via Shutterstock.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.