Genius Sports Q3 EPS beats expectations by $0.04

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GENIUS SPORTS ($NYSE:GENI) is a global sports technology company. The company delivers cutting-edge solutions to sports federations, media companies, and bookmakers. The company reported its Q3 results yesterday. The results showed that the company’s GAAP EPS of -$0.04 was better than expected by $0.04. The company attributed the beat to strong growth in its media and bookmaker businesses.

“We are very pleased with our strong Q3 results,” said CEO Mark Locke. “Our media business continues to grow at an impressive rate, and our bookmaker business is also seeing strong growth.” Looking ahead, the company said it is well-positioned for continued growth. “We are confident in our ability to continue to drive strong growth and profitability,” said Locke.

Earnings

In the most recent earnings report for the quarter ending June 30, GENIUS SPORTS brought in 310.2 million dollars in total revenue. This is a significant increase from the previous year, where GENIUS SPORTS only earned 149.7 million dollars in total revenue. In the last three years, GENIUS SPORTS has seen a total revenue increase of 18.1%. Despite this increase in revenue, the company still reported a net loss of 168.2 million dollars.

Price History

It has been a tough year for Genius Sports, with most of the news coverage being negative. However, the company surprised investors on Thursday with Q3 EPS that beat expectations by $0.04. The stock opened at $5.00 and closed at $4.50, down by 1.9% from the previous day’s close of $4.60. This was a much better performance than expected, and investors will be hoping that the company can continue to deliver positive results in the future.

VI Analysis

According to the VI App, GENIUS SPORTS is a high risk investment in terms of financial and business aspects. This is due to the company’s fundamentals, which reflect its long term potential. The app has detected 3 risk warnings in the balance sheet, cash flow statement, and financial journal.

VI Peers

The company has a wide range of products and services that it offers to its clients. The company has a strong presence in the sports data and technology industry. The company has a strong competitive edge over its competitors. The company has a strong client base and a strong market share. The company is well-positioned to grow in the sports data and technology industry.

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Grom Social Enterprises has a market capitalization of $7.14 million as of March 2022 and a return on equity of -24.49%. The company’s flagship product, Grom Social, is a social media platform that allows businesses to create and manage their own social media channels, as well as track and measure their performance.

Summary

If you’re looking for a company that is dominating the sports betting industry, then you should definitely consider investing in Genius Sports. The company has a strong presence in both the online and offline betting world, and continues to grow at an impressive rate. What’s more, Genius Sports is constantly innovating and expanding its offerings. For example, the company recently partnered with the NBA to create a new data and betting platform.

This platform will give NBA fans unprecedented access to information and allow them to place bets on games in real time. The bottom line is that Genius Sports is a company that is well positioned for continued growth. If you’re looking to invest in the sports betting industry, then Genius Sports is a great option.