Genius Sports Limited (NYSE:GENI) (“Genius Sports,” “Genius” or the “Group”), a global leader in real-time sports data and AI-powered technology, today announced financial results for its fiscal third quarter ended September 30, 2026.
“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,” said Mark Locke, Genius Sports Founder and CEO. “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.”
|
Sin thousands
|
Q326
|
Q325
|
%
|
|
Group Revenue
|
269,864
|
166,283
|
62.3%
|
|
Betting Technology, Content & Services
|
152,961
|
114,638
|
33.4%
|
|
Media Technology, Content & Services
|
116,903
|
51,645
|
126.4%
|
|
Group Net Loss
|
(15,700)
|
(28,814)
|
45.5%
|
|
Group Adjusted EBITDA
|
87,140
|
33,988
|
156.4%
|
|
Group Adjusted EBITDA Margin
|
32.3%
|
20.4%
|
1,190 bps
|
|
Group net cash provided by operating activities
|
79,369
|
27,204
|
191.8%
|
|
Group Free Cash Flow
|
53,571
|
3,286
|
nm
|
|
Group Free Cash Flow Conversion
|
61.5%
|
9.7%
|
5,180 bps
|
|
|
|
|
|
|
$ in thousands
|
YTD26
|
YTD25
|
%
|
|
Group Revenue
|
653,319
|
428,993
|
52.3%
|
|
Betting Technology, Content & Services
|
416,526
|
316,376
|
31.7%
|
|
Media Technology, Content & Services
|
236,793
|
112,617
|
110.3%
|
|
Group Net Loss
|
(147,901)
|
(90,960)
|
(62.6)%
|
|
Group Adjusted EBITDA
|
163,722
|
87,913
|
86.2%
|
|
Group Adjusted EBITDA Margin
|
25.1%
|
20.5%
|
460 bps
|
|
Group net cash used in operating activities
|
(67,869)
|
(2,559)
|
111
|
|
Group Free Cash Flow
|
(136,
|
Q3 2026 Financial Highlights
Group Revenue: Group revenue increased $103.6 million year-over-year to $269.9 million.
Betting Technology, Content & Services: Revenue increased 33% year-over-year to $153.0 million, driven by growth in business with existing customers as a result of price increases on contract renewals and renegotiations, expansion of value add services, growth and expansion in existing markets, and new service offerings.
Media Technology, Content & Services: Revenue increased 126% year-over-year to $116.9 million, primarily driven by the Legend acquisition.
Group Net Loss: Group net loss was ($15.7 million) in the third quarter ended September 30, 2026, representing a $13.1 million improvement compared to the ($28.8 million) loss in the third quarter ended September 30, 2025. This improvement was partly driven by a $10.7m year-over-year decrease in stock-based compensation to $15.2 million in the third quarter ended September 30, 2026, now representing 5.6% of Group Revenue vs. 15.6% in the third quarter ended September 30, 2025. This quarter also marked Genius' first-ever quarter of income from operations, which improved by $36.0 million year-over-year to $10.4 million.
Group Adjusted EBITDA: Group Adjusted (non-GAAP) EBITDA was $87.1 million in the quarter, representing a 156% increase compared to the $34.0 million reported in the third quarter ended September 30, 2025.
Q3 2026 Business Highlights
Partnered with Polymarket and Kalshi to provide a broad portfolio of content, integrity services and marketing solutions,
extending Genius Sports' infrastructure into the growing prediction markets category alongside the two leading platforms
Launched Prediction.com, the premium prediction market platform for comparing probabilities, event contracts and insights
Implemented Semi-Automated Offside Technology (SAOT) for Confederação Brasileira de Futebol (CBF)
Established a new athlete-led sports media company in partnership with NBA All-Star, Chris Paul, and Words + Pictures, powered
by Genius Sports' data and technology
Partnered with TelevisaUnivision to enhance live broadcasts of Liga MX with visual augmentations, in-game data and new
sponsorship inventory
After the reporting period:
Partnered with X to connect NFL Gametime on X with the NFL’s official data, giving fans real-time scores, statistics and insights as the action unfolds
Expanded AFA partnership to bring faster offside decisions to Argentine Football with Semi-Automated Offside Technology
Financial Outlook
Genius Sports expects to generate Group Revenue of $1.015 billion to $1.035 billion and Group Adjusted EBITDA of $287 to $297 million in the full year of 2026, implying a Group Adjusted EBITDA Margin of 28.5% at the midpoint. This is raised from prior full year 2026 Group Revenue guidance of $1.005 billion to $1.025 billion and Group Adjusted EBITDA guidance of $285 to $295 million.
Genius Sports also expects a 2026 year-end cash balance of approximately $260 million, implying over $100 million of free cash flow in the second half of 2026.
Dingnews.com 06/11/2026