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Genius Sports (Genius Sports) Retained Earnings : $-1,024.5 Mil (As of Dec. 2023)


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What is Genius Sports Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Genius Sports's retained earnings for the quarter that ended in Dec. 2023 was $-1,024.5 Mil.

Genius Sports's quarterly retained earnings declined from Jun. 2023 ($-974.4 Mil) to Sep. 2023 ($-986.0 Mil) and declined from Sep. 2023 ($-986.0 Mil) to Dec. 2023 ($-1,024.5 Mil).

Genius Sports's annual retained earnings declined from Dec. 2021 ($-757.3 Mil) to Dec. 2022 ($-939.0 Mil) and declined from Dec. 2022 ($-939.0 Mil) to Dec. 2023 ($-1,024.5 Mil).


Genius Sports Retained Earnings Historical Data

The historical data trend for Genius Sports's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Genius Sports Retained Earnings Chart

Genius Sports Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
-91.02 -153.24 -757.32 -938.95 -1,024.49

Genius Sports Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -938.95 -964.12 -974.42 -986.04 -1,024.49

Genius Sports Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Genius Sports  (NYSE:GENI) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Genius Sports (Genius Sports) Business Description

Traded in Other Exchanges
N/A
Address
10 Bloomsbury Way, 9th Floor, London, GBR, WC1A 2SL
Genius Sports Ltd is a B2B provider of scalable, technology-led products and services to the sports, sports betting, and sports media industries. Its services are organized into three key product areas including Sports Technology and Services; Betting Technology, Content and Services; and Media Technology, Content and Services. All of its products are powered by proprietary technology and robust data infrastructure. It generates maximum revenue from the Betting Technology, Content and Services division. Geographically, the company derives a majority of its revenue from Europe.