Genius Sports posts $269.9M revenue and first operating profit in Q3 2026

Genius Sports Limited recorded group revenue of $269.9 million in the third quarter ended 30 September 2026, up 62.3% year‑on‑year and above its prior guidance of $260 million. The company also reported its first quarter with a positive operating result of $10.4 million, an improvement of $36.0 million versus the same period in 2025.

Results and key figures

The company's report states adjusted EBITDA margin rose to 32.3%, with Group Adjusted EBITDA of $87.1 million, a 156% year‑on‑year increase and ahead of the $85 million guidance. The Group recorded a net loss of $15.7 million, an improvement of $13.1 million versus 2025, partly driven by a reduction in share‑based compensation expense.

Cash generation was notable: Group Free Cash Flow reached $53.6 million, representing a 61.5% conversion for the quarter. The company also stated year‑end cash balances are expected to be around $260 million.

Performance by divisions

Betting Technology, Content & Services revenue grew 33.4% year‑on‑year to $153.0 million, supported by contract renewals, price adjustments, expansion of value‑added services and new offerings. Media Technology, Content & Services revenue rose 126.4% to $116.9 million, driven primarily by the strategic integration of Legend.

“This quarter's $54m of Free Cash Flow demonstrates the cash‑generating power of the combined business and reflects the performance we always believed our model could deliver. Our predictable Betting business, expanding Media capabilities and growing opportunities in prediction markets position us to capture greater value from the data, technology and infrastructure we have spent 25 years building. Legend is also creating additional commercial value, and we are seeing the benefits of our combined scale. Our strategy is working, and we are well positioned to deliver sustained growth, profitability and free cash flow.” — Mark Locke, Founder and CEO of Genius Sports

Revised guidance for 2026

Genius Sports raised its full‑year 2026 guidance, now expecting group revenue between $1.015 billion and $1.035 billion, and Adjusted EBITDA between $287 million and $297 million. The company also highlights expanded commercial opportunities in prediction markets and in its media business following the integration of Legend.

Immediate financial implications

The quarter marks an operational milestone with the first positive operating result and a strong cash conversion of 61.5%, figures that underpin the decision to raise the annual guide. Investors and analysts will seek confirmation that these margins are sustainable in coming quarters.