Genius Sports (GENI) Soars 12% as Firm Bares 2028 Growth Targets

Financial Performance - Genius Sports Limited (NYSE:GENI) reported a net loss of $28.8 million in Q3, compared to a net income of $12.5 million in the same period last year [3] - Revenues increased by 38.3% year-on-year to $166.28 million, driven by an 89% rise in media revenues and a 28% growth in betting revenues [3] - Adjusted EBITDA for the quarter was $33.99 million, reflecting a 32.3% increase from $25.69 million year-on-year [4] Growth Targets - The company set ambitious financial targets for 2028, aiming for $1.2 billion in revenues, $365 million in adjusted EBITDA, and $220 million in free cash flow [1][2] - For the full year 2025, Genius Sports is targeting revenues of $655 million, indicating an implied year-on-year growth of 28% [5] Strategic Positioning - The CFO of Genius Sports highlighted the company's diversified revenue drivers, stable cost base, and long-term contracts as key factors supporting their financial targets [2]