Genius Sports lifts 2026 guidance after $10.4m Q3 operating profit
Results2 min read
Genius Sports raised its full-year guidance after reporting a $10.4m operating profit for the three months to 30 September 2026, compared with a $25.6m loss a year earlier. Revenue rose to $269.9m, while net loss narrowed to $15.7m; the company attributed Media growth mainly to its acquisition of Legend.
Genius Sports lifted its full-year guidance for a third straight quarter. The company reported an operating profit of $10.4m, against a loss of $25.6m the year before.
Betting Technology, Content & Services drew the most revenue, at $153m, up 33% from a year before. Genius attributed the increase to existing customers, citing higher prices when contracts were renewed or renegotiated. Revenue at Media Technology, Content & Services leapt 126% to $116.9m, largely because of the Legend deal.
In Q3 Genius widened its footprint in prediction markets, striking partnerships with Polymarket and Kalshi that cover content, integrity services and marketing solutions. The company also launched a comparison platform for prediction markets, covering probabilities, event contracts and insights.
Operating costs rose 22% to $81.6m. Interest expense was $19.1m, well above the prior-year level. Year to date, revenue rose 52.3% to $653.3m. Adjusted EBITDA rose 86.2% to $163.7m over the same period. Pre-tax loss for the nine months to the end of September was $143.3m, versus $94.1m a year before. Genius's net loss for the period reached $147.9m, wider than the $91m recorded in 2025.
Genius now expects revenue of between $1.02bn and $1.04bn, up from restated guidance of $1.01bn to $1.03bn given in Q2. It forecasts adjusted EBITDA of $287m to $297m, compared with previous guidance of $285m to $295m. Genius expects a year-end cash balance of approximately $260m.
Chief executive Mark Locke pointed to free cash flow in his Q3 notes as evidence of the “cash-generating power” of the combined business. Locke also said Legend is creating additional commercial value, and that the company is seeing the benefits of combined scale.