Genius Sports posts 31% revenue growth in 2025, reaffirms 2026 outlook

Genius Sports has reported full-year 2025 revenue of $669.5m, representing a 31% year-on-year increase, alongside a 59% rise in Adjusted EBITDA to $136.2m and margin expansion to 20.4%.

For the fourth quarter, revenue rose 37% to $240.5m, while Adjusted EBITDA increased 49% to $48.3m, with margin reaching 20.1%. 

The group recorded a net loss of $111.6m for the full year, compared to a $63.0m loss in 2024. The company attributed the wider annual loss primarily to non-recurring stock-based compensation costs linked to warrants issued to the National Football League, one-time equity awards and increased litigation expenses.

The Betting Technology, Content & Services division remained the primary revenue driver, generating $471.5m in 2025, up 33% year-on-year.

Media Technology, Content & Services revenue increased 37% to $144.5m, supported by growth in programmatic advertising partnerships, while Sports Technology & Services rose 5% to $53.5m.

Genius ended the year with $280.6m in cash and cash equivalents, compared to $110.2m at the end of 2024.

Looking ahead, the company reaffirmed its standalone 2026 guidance of $810m–$820m in revenue and $180m–$190m in Adjusted EBITDA. 

Following the news of its acquisition of Legend, announced earlier this year, the combined group is expected to generate approximately $1.1bn in revenue and $320m–$330m in Adjusted EBITDA on a 2026 annualised pro forma basis, with the transaction anticipated to close in Q2 2026.

When compared to rival Sportradar, which reported full-year 2025 revenue of €1.29bn ($1.5bn) – roughly double Genius Sports' figure – the gap in scale remains considerable. However, Genius Sports' 59% Adjusted EBITDA growth significantly outpaced Sportradar's 33% increase, and its pending Legend acquisition signals an aggressive push to close the competitive distance, particularly in media and iGaming.