The company delivered record revenue driven by growth in sports data services, but incurred a net loss due to increased operating expenses and fair value movements.
Revenue reached a record $38.98M, up from $32.12M in Q3 2024.
Net loss was $3.86M, compared to $8.51M net income in Q3 2024.
Adjusted EBITDA hit a Q3 record of $13.01M despite margin decline.
Sports data services revenue grew over 300% YoY, contributing 24% of total revenue.
FY2025 guidance was revised downward due to ongoing poor organic search trends affecting the marketing business.
Visualization of income flow from segment revenue to net income
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