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Genius Sports shares soar on better than expected Q1 results

10th May 2023 10:40 am GMT

New York-listed sports data technology provider Genius Sports has reported a 13 per cent increase in group revenue to $97.2 million in the first quarter of 2023, surpassing its guidance by more than $5 million.

The year-on-year growth was driven by a 30 per cent increase in revenue from the company’s Betting Technology, Content & Services segment to $64.7 million, buoyed by new customer acquisitions and growth among existing customers as a result of price increases [...]

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