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Genius Sports raises guidance after strong Q3 performance

13th November 2024 4:59 am GMT

Shares in Genius Sports gained over 17 per cent on Tuesday after the company reported better-than-expected results for the third quarter of 2024.

Group revenue reached $120.2 million in the third quarter, up from $101.7 million a year ago, driven by strong growth in Betting Technology, Content & Services.

The Betting segment grew revenue by 29.9 per cent to $85.6 million, which offset a 3.5 per cent fall in Media Technology, Content & Services revenue to $22.1 [...]

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