Genius Sports Limited (GENI) Reaffirms 2024 Guidance
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Genius Sports Reaffirms 2024 Guidance and Announces Preliminary Unaudited Estimate of Fourth Quarter Cash, a Positive Net Cash Position in the Full-Year 2024
January 15, 2025 8:30 AM ESTLONDON & NEW YORK--(BUSINESS WIRE)-- Genius Sports Limited (NYSE: GENI) (Genius Sports, the Company, we or our) announced today that it is reaffirming its previously disclosed 2024 guidance of Group Revenue of approximately $511 million and Group Adjusted EBITDA of approximately $86 million. Additionally, the Company reported its preliminary unaudited estimate of cash, cash equivalents and restricted cash as of December 31, 2024 of approximately $135 million, which is expected to be up from $69 million as of September 30, 2024 and up from $126 million as of December 31, 2023. This equates to a positive net cash position for 2024 as previously disclosed as part of our 2024... More
