Genius Sports has reported a 62% increase in overall revenue, to $270m, for the third quarter of 2026. Net loss also saw a $13m year-over-year improvement, to $16m. Moreover, the supplier's EBITDA increased by 156%, to $87.1m.
The group saw all-around growth in both its "betting technology" revenue, which increased by 33%, and its "media technology" stream, which rose 126% to $116.9m.
Genius Sports revenue and EBITDA year-over-year ($m)
The company attributed the change to a series of recent business developments. Highlights include establishing a new athlete-led sports media company in partnership with the NBA All-Star Chris Paul and partnering with Polymarket and Kalshi to provide a broad portfolio of content.
When looking at the company's performance during the first nine months of the year, compared to the same period in 2025, the progress is even more apparent.
Group revenue was 52% higher than year-to-date 2025, with both verticals seeing a similar improvement. However, net loss widened by 62% compared to the previous year.
Genius Sports Revenue Growth YTD 25/26 ($m)
Beyond the increase in revenue, Genius Sports also recorded a 61% conversion rate of Free cash flow. CEO Mark Locke stated in the quarterly report: "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.”
This upward trend is particularly notable given the roughly 30% decline in share price earlier this year, following the company's acquisition of Legend. Despite the market's negative reaction to the acquisition, Locke wrote a letter to shareholder emphasizing his confidence in the decision.
Legend was pivotal in Genius Sports' launch of Prediction.com, the supplier's consumer platform for prediction markets combining live game data with real-time prediction market pricing.
Locke's gamble paid off as the group expects to generate between $1.01bn and $1.03bn in revenue and between $287m and $297m of EBITDA in the full year of 2026. This expectation is raised from the prior full-year guidance for 2026.
Locke's gamble paid off as the group expects to generate between $1.01bn and $1.03bn in revenue and between $287m and $297m of EBITDA in the full year of 2026. This expectation is raised from the prior full-year guidance for 2026.
Genius Sports spent $1.2bn to acquire Legend
