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Genius Sports Reaffirms 2024 Guidance With $511M Revenue, $86M Adjusted EBITDA; Preliminary Cash Estimates Rise To $135M By Year-End

Benzinga ·  Jan 15 13:31

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 guidance.

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