Genius Sports Posts $269.9M Revenue and First Positive Operating Income in Q3 2026
Quarter ended 30 Sept 2026 delivered $53.6m free cash flow and lifted full-year guidance.
Key Takeaways
- Genius Sports Limited reported $269.9 million in group revenue for Q3 ended 30 September 2026, a 62.3% rise year‑over‑year.
- The company recorded its first positive operating income of $10.4 million in Q3 2026, a $36.0 million improvement from 2025.
- Group Adjusted EBITDA increased 156% to $87.1 million and margin expanded to 32.3%; free cash flow was $53.6 million with 61.5% conversion.
- Full‑year 2026 guidance was raised to $1.015 billion–$1.035 billion in revenue and $287 million–$297 million in Adjusted EBITDA.
Genius Sports Limited reported group revenue of $269.9 million for the third quarter ended September 30, 2026, a 62.3% year‑over‑year increase that exceeded its prior guidance of $260 million. The company also recorded its first-ever positive operating income of $10.4 million in the quarter and generated $53.6 million of Group Free Cash Flow.
Results at a glance
The quarter marked several measurable milestones for Genius Sports Limited. Group Adjusted EBITDA rose 156% year‑over‑year to $87.1 million, above guidance of $85 million. Adjusted EBITDA margin expanded by approximately 1,190 basis points to 32.3%. Group net loss narrowed to $15.7 million, a year‑over‑year improvement of $13.1 million. Free cash flow conversion was 61.5% for the quarter.
Segment figures were split between the company’s Betting and Media operations. Betting Technology, Content & Services revenue grew 33.4% year‑over‑year to $153.0 million, driven by contract renewals, price adjustments, expanded value‑add services and new offerings. Media Technology, Content & Services revenue rose 126.4% to $116.9 million, with the strategic integration of Legend cited as the primary driver.
"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
Drivers and updated outlook
Genius Sports said the quarter's results reflect contract renewals and price actions in Betting Technology alongside the contribution of Legend to Media Technology revenue. The company reported a $36.0 million year‑on‑year improvement in operating income versus the same period in 2025.
Building on year‑to‑date performance, Genius Sports raised its full‑year 2026 guidance. The company now expects group revenue between $1.015 billion and $1.035 billion, and Adjusted EBITDA between $287 million and $297 million. Management forecasts year‑end cash balances of approximately $260 million, positioning the business entering 2027 with a stronger cash base.
The company released the results for the quarter ended September 30, 2026, and framed the performance as validation of the combined business model; the report links both Betting Technology and Media Technology gains to the upgraded guidance. Read related reporting in our b2b section for context on commercial integration decisions.
Frequently Asked Questions
What were Genius Sports' headline numbers for Q3 2026?
Genius Sports reported $269.9 million in group revenue for the quarter ended 30 September 2026 and positive operating income of $10.4 million. The company also posted Group Adjusted EBITDA of $87.1 million and Group Free Cash Flow of $53.6 million.
Which divisions drove the revenue increase in Q3 2026?
Betting Technology, Content & Services delivered $153.0 million, up 33.4% year‑over‑year, while Media Technology, Content & Services produced $116.9 million, up 126.4%, with the integration of Legend cited as a primary contributor.
How did the results affect Genius Sports' full-year guidance?
Genius Sports raised its full‑year 2026 revenue guidance to $1.015 billion–$1.035 billion and its Adjusted EBITDA guidance to $287 million–$297 million, and expects year‑end cash of approximately $260 million.
What margin and cash metrics did Genius Sports report for Q3 2026?
Adjusted EBITDA margin expanded to 32.3%, up about 1,190 basis points year‑over‑year, and free cash flow conversion for the quarter was 61.5%, generating $53.6 million.
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About the author
Oliver Grant
Industry Technology Correspondent
Oliver Grant covers the technology and business machinery of iGaming — platform and data deals, AI and compliance tooling, affiliate and marketing shifts, and the quarterly numbers behind them. The reports lead with the announcement, name the vendors and figures exactly as published, and separate genuine capability from press-release promise. When a supplier ships a new engine or a regulator tightens ad rules, Oliver Grant explains what actually changes for the companies involved.
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