What drove GENI's EPS growth in Q3 2024?

Genius Sports' EPS growth in Q3 2024 was driven by several key factors:

1. **Revenue Growth**: Genius Sports reported group revenue of $95 million for Q2 2024, exceeding expectations. This significant revenue growth directly contributed to the increase in EPS.
2. **Adjusted EBITDA Growth**: The company's Adjusted EBITDA for the quarter was $21 million, representing a 33% year-on-year growth and nearly 400 basis points of margin expansion. This growth in EBITDA, which is a proxy for cash flow from operations, is a strong indicator of the company's financial health and its ability to generate earnings.
3. **Cost Management**: Despite a 7.48% decrease in the stock price, Genius Sports managed to maintain profitability. The company's focus on cost management and operational efficiency likely helped to stabilize its EPS despite the challenging market conditions.

In conclusion, Genius Sports' EPS growth in Q3 2024 was primarily driven by its ability to generate revenue exceeding expectations, coupled with strong growth in Adjusted EBITDA and effective cost management. These factors collectively contributed to the company's financial performance and EPS growth during the quarter.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|GENI|GENI.N|Genius Sports|2023 Q4|71.18644067796609|-0.17|169|
|GENI|GENI.N|Genius Sports|2024 Q1|0|-0.11|169|
|GENI|GENI.N|Genius Sports|2024 Q2|-79.99999999999999|-0.09|169|
|GENI|GENI.N|Genius Sports|2024 Q3|200|0.05|169|