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Genius Sports exceeds guidance as 2023 revenue climbs 21%

7th March 2024 8:34 am GMT

Genius Sports has recorded a 21 per cent rise in full year revenue to $413.0 million in 2023, exceeding its initial guidance by $22 million.

The company benefited from a strong performance in the final quarter of the year as fourth quarter revenue rose 21 per cent to $127.2 million, marking the company's eighth consecutive quarter of results above expectations.

Revenue from the Betting Technology, Content & Services segment was 32 per cent higher at $86.7 million [...]

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