Genius Sports Clocks 22% Growth In Q2 Revenues, Stocks Gain On Raised Annual Outlook
Portfolio Pulse from Nabaparna Bhattacharya
Genius Sports Limited (NYSE:GENI) reported Q2 FY23 sales growth of 22.1% YoY to $86.85 million, beating the consensus of $80.15 million. The company's Q2 EPS loss of ($0.05) missed the street view of ($0.04) loss. Genius Sports raised its FY23 outlook, expecting revenue of $410 million, up from the previous expectation of $400 million. The company's shares are trading higher by 6.08% at $7.85.
August 07, 2023 | 12:37 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Genius Sports reported strong Q2 FY23 results with sales growth of 22.1% YoY, beating consensus. However, the company's EPS loss was slightly higher than expected. The company raised its FY23 outlook, which has positively impacted the stock price.
Genius Sports reported strong Q2 FY23 results, with sales growth exceeding expectations. This positive news, along with the raised FY23 outlook, has likely contributed to the increase in the company's stock price. However, the company's EPS loss was slightly higher than expected, which could potentially temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100