Recent Updates — GENI

Genius Sports reported third-quarter revenue of $269.9 million, a 62% increase year-over-year, beating guidance of $260 million. The company posted its first quarter of positive operating income at $10.4 million and generated $53.6 million in free cash flow with a 61% conversion rate. Full-year revenue guidance was raised to $1.015 billion–$1.035 billion, and adjusted EBITDA guidance was increased to $287 million–$297 million. Genius Sports operates as a global leader in real-time sports data and AI-powered technology.

Genius Sports reported second quarter 2026 revenue of $195.5 million, exceeding guidance of $185 million and rising 64.7% year-over-year. Adjusted EBITDA reached $52.6 million with a 26.9% margin, beating the $45 million guidance. The company raised its full-year 2026 revenue outlook to $1.005 billion–$1.025 billion and adjusted EBITDA guidance to $285 million–$295 million. Net loss widened to $76.7 million, primarily due to $28.9 million in non-recurring transaction-related expenses from the Legend acquisition closed on May 1, 2026. The firm operates in the sports technology and data industry.