Stock slips in morning trading as revenue exceeds expectations

  • Genius Sports shares fall 5% after widening third-quarter loss
  • Stock slips to $4.99 in morning trading
  • Loss per share increases from four cents to six cents
  • Revenue exceeds analyst expectations, rising over 29% to $101.7 million
  • Full-year revenue outlook raised to about $412 million

Shares of Genius Sports fell more than 5% to $4.99 in morning trading after the sports data company reported a wider loss in the third quarter compared to the same period last year. The company’s loss per share increased from four cents to six cents, missing analysts’ expectations of a four cents loss per share. However, revenue rose more than 29% to $101.7 million, surpassing the $100.4 million that analysts had predicted. As a result, Genius Sports raised its full-year revenue outlook to about $412 million, up from about $410 million.

Factuality Level: 8
Factuality Justification: The article provides specific information about Genius Sports’ third-quarter loss, stock performance, and revenue. It also includes analyst expectations and the company’s revised full-year revenue outlook. The information seems to be based on factual data and is not overly sensationalized or biased.
Noise Level: 3
Noise Justification: The article provides relevant information about Genius Sports’ third-quarter loss, stock performance, and revenue. It includes data on the company’s financials and compares them to analysts’ expectations. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people. It also does not provide actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Genius Sports
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the financial performance of Genius Sports, a sports data company. However, there is no mention of any extreme event or its impact.
Public Companies: Genius Sports (N/A)
Key People:

Reported publicly: www.marketwatch.com