Genius Sports Limited has released its financial results for the third quarter ended September 30, 2026, reporting group revenue of $269.9 million, representing a 62.3 percent increase year-over-year and comfortably outperforming the company’s prior guidance of $260 million.
The period was highlighted by a historic operational milestone, with Genius Sports posting its first-ever quarter of positive operating income at $10.4 million, marking a dramatic $36.0 million improvement compared to the same period in 2025.
Reflecting on the strong performance, Mark Locke, Founder and CEO of Genius Sports, stated:
“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.”
Segment performance: Betting and media expansion
Breaking down divisional figures, Betting Technology, Content & Services revenue grew 33.4 percent year-over-year to $153.0 million, propelled by contract renewals, price adjustments, value-add service expansion, and new service offerings. Meanwhile, Media Technology, Content & Services revenue surged 126.4 percent to $116.9 million, primarily driven by the strategic integration of Legend.
Group net loss narrowed significantly to $15.7 million, representing a $13.1 million improvement year-over-year, aided by a reduction in stock-based compensation expense. Furthermore, Group Adjusted EBITDA reached $87.1 million, well above guidance of $85 million, driving the Adjusted EBITDA margin up by approximately 1,190 basis points year-over-year to 32.3 percent. Free cash flow conversion stood at an impressive 61.5 percent, generating $53.6 million in the quarter.
Upgraded financial outlook
Building upon its robust year-to-date performance, Genius Sports has raised its full-year 2026 financial guidance. The company now expects group revenue to land between $1.015 billion and $1.035 billion, with Adjusted EBITDA projected between $287 million and $297 million. Additionally, year-end cash balances are anticipated to reach approximately $260 million, underlining the company’s solid financial foundation heading into 2027.
