Genius Sports reported second quarter revenue of $195.5 million, a 64.7% increase year-over-year that surpassed analyst estimates. However, the company posted a net loss of $76.7 million, or ($0.28) per share, missing expectations for a smaller loss due to significant transaction-related costs.
Key Highlights
- Revenue for the second quarter grew 64.7% year-over-year to $195.5 million, up from $118.7 million in the prior-year period.
- Net loss widened to $76.7 million from $53.9 million a year ago, with a loss per share of ($0.28) missing analyst estimates of ($0.07).
- The quarter's results included $28.9 million in transaction-related expenses and an $8.0 million loss on the fair value remeasurement of contingent consideration, which significantly impacted profitability.