Genius Sports raises 2026 outlook after Q3 revenue jumps 62% to $270m

GENI posts first positive operating income quarter, with $54m free cash flow and 32% adjusted EBITDA margin.

Genius Sports Limited (NYSE:GENI) raised its full-year 2026 guidance after beating its third-quarter targets, reporting $269.9 million revenue for the quarter ended September 30, 2026, up 62% year-over-year. The company announced the results on November 5, 2026, from London and New York.

Group adjusted EBITDA came in at $87.1 million versus guidance of $85 million, with a 32.3% margin. Genius Sports also posted $53.6 million in free cash flow (61.5% conversion) and $69.4 million in unlevered free cash flow (80% conversion). Income from operations was $10.4 million, which the company said was its first quarter of positive operating income, a $36.0 million improvement year-over-year. Net loss narrowed to $15.7 million from $28.8 million a year earlier.

By segment, Betting Technology, Content & Services revenue rose 33% to $153.0 million. Media Technology, Content & Services revenue increased 126% to $116.9 million, which Genius attributed primarily to the Legend acquisition.

During the quarter, Genius said it partnered with Polymarket and Kalshi to provide content, integrity services and marketing solutions, and launched Prediction.com. The company also cited deployments and partnerships including Semi-Automated Offside Technology (SAOT) for Confederação Brasileira de Futebol (CBF), a deal with TelevisaUnivision to enhance Liga MX broadcasts, and a new athlete-led sports media company with Chris Paul and Words + Pictures. After quarter-end, Genius said it partnered with X to connect NFL Gametime on X with the NFL’s official data.

For full-year 2026, Genius Sports now expects group revenue of $1.015 billion to $1.035 billion (up from $1.005 billion to $1.025 billion) and adjusted EBITDA of $287 million to $297 million (up from $285 million to $295 million). The company also said it expects year-end cash of approximately $260 million.

Mark Locke, Genius Sports Founder and CEO, said: “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,” adding, “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.”