Genius Sports Limited (GENI) Reports Q3 Loss, Tops Revenue Estimates

Core Viewpoint - Genius Sports Limited reported a quarterly loss of $0.02 per share, which aligns with the Zacks Consensus Estimate, showing improvement from a loss of$0.06 per share a year ago [1] - The company achieved revenues of $120.2 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 0.96$101.73 million year-over-year [2] Financial Performance - The company has not surpassed consensus EPS estimates over the last four quarters, with a previous expectation of a loss of $0.04 per share turning into an actual loss of$0.09, resulting in a surprise of -125% [1] - Genius Sports Limited has topped consensus revenue estimates four times in the last four quarters [2] Stock Performance - Shares of Genius Sports Limited have increased approximately 30.7% since the beginning of the year, outperforming the S&P 500's gain of 25.8% [3] Future Outlook - The company's earnings outlook will be crucial for determining future stock movements, with current consensus EPS estimates at $0.02 on revenues of$175.75 million for the upcoming quarter and -$0.20 on revenues of$509.85 million for the current fiscal year [4][7] - The estimate revisions trend for Genius Sports Limited is mixed, currently resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Internet - Content industry, to which Genius Sports Limited belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]