Losses Fuel Volatile Trading Marketįollowing Genius Sports’ Q3 report, the trading market entered a highly volatile period. The report cited the losses as “strategic investments” to fuel long-term growth, but investors had concerns about the impact of the company’s future. However, it posted a $70 million net loss and lowered its FY21 adjusted EBITDA forecast to break even $10-20 million. Genius Sports increased its quarterly revenue by more than 70% on an annual basis. That revenue report beat Wall Street forecasts of $62.8 million by more than $6 million. ![]() ![]() Genius Sports reported its Q3 earnings in 2021 with record-high revenue of $69.1 million.
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