Genius Sports Limited reported strong third-quarter results for 2025 and raised its full-year forecast. The upgrades are the result of growing demand for its data, technology, and media products across global sports and betting markets.
Key Takeaways
- Genius Sports' Q3 2025 revenue rose 38% to $166.3 million, driven by growth across all business segments.
- The company raised its full-year outlook to $655 million in revenue and $136 million in adjusted EBITDA.
- Betting Technology remained the largest revenue driver, while media and sports tech divisions showed strong double-digit growth.
The company said group revenue increased 38% year-over-year to $166.3 million, while adjusted EBITDA rose 32% to $34 million. Despite the performance, Genius recorded a net loss of $28.8 million, which it attributed to foreign currency impacts and one-time expenses.
The company's largest division, Betting Technology, Content & Services, delivered $110 million in revenue, up 28% from the prior year. Genius said the segment's expansion was supported by higher pricing during contract renewals, the rollout of new products, and continued customer growth.
Media Technology, Content & Services showed a near doubling of its contribution, increasing 89% to $42 million because of an escalation in demand for programmatic advertising and data marketing solutions. Sports Technology & Services also rose 16.4% to $14.5 million because of a growing uptake of offerings based on GeniusIQ.
Genius raised its full-year estimates for 2025 to approximately $655 million in revenues, a 28% increase, and $136 million in adjusted EBITDA, a 59% increase, due to strong performance across all segments.
The company also expects a 21% EBITDA margin and a positive annual cash flow, thanks to further business growth and increased adoption of its products in the betting and media industries.
Opportunities for market growth and prediction markets
Analysts are now looking at where Genius might find its next big thing in terms of increased market opportunity, specifically within a new data vertical such as prediction markets.
Analysts suggest Genius could see further upside from the growing intersection of sports data and prediction markets. B. Riley's Josh Nichols recently noted that demand from these emerging exchanges, especially in California and Texas, could represent an untapped revenue source.
Sports betting remains illegal in both of those states. Nichols said the total addressable market in those two states is not yet fully reflected in Wall Street's expectations for Genius.
Earlier this year, Genius Sports and the NFL renewed and expanded their multi-year technology partnership to enhance fan engagement through official data and video distribution. Genius remains the NFL's exclusive distributor of real-time play-by-play data, Next Gen Stats, and official betting data to sportsbooks and media outlets worldwide.
This could facilitate the company's ability to offer competitive alternatives as a prediction markets platform.
Nichols said that while licensing for prediction market operators would be incremental in the short term, the long-term potential is strategic. Genius continues to diversify into advertising and AI-driven products, though sportsbook data distribution still accounts for most of its revenue.
The rise of event-based markets could complement rather than compete with that business, as traditional sportsbooks are entering the same space.
