Genius Sports Full Year 2024 Earnings: EPS Misses Expectations

Genius Sports (NYSE:GENI) Full Year 2024 Results

Key Financial Results

• Revenue: US$510.9m (up 24% from FY 2023).
• Net loss: US$63.0m (loss narrowed by 26% from FY 2023).
• US$0.28 loss per share (improved from US$0.38 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Genius Sports EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 88%.

The primary driver behind last 12 months revenue was the Europe segment contributing a total revenue of US$255.5m (50% of total revenue). Notably, cost of sales worth US$382.1m amounted to 75% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$122.4m (64% of total expenses). Explore how GENI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 5.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Genius Sports' balance sheet.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks


Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.