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Genius Sports Raises Full-Year Guidance after Robust Q3 Performance
Substantial growth across all segments propelled the company to new heights, setting the stage for a record-setting year amidst enduring momentum

Genius Sports, the data, technology, and broadcast company, has reported a significant increase in Q3 revenue, prompting an upward revision of its full-year guidance. The leadership team remained optimistic regarding prospects, noting that the business had reached a critical turning point. Genius will likely focus on improving customer onboarding and utilization and forging new strategic partnerships.
All Verticals Recorded Double-Digit Growth
According to the latest financial information, the company’s Q3 revenue surged 29.3% to $101.7 million, demonstrating robust growth across all segments. The most notable expansion occurred in Genius Sports’ betting technology, content, and services division, where revenue rose by 34.1% to $65.9 million, propelled by customer acquisitions and better utilization of existing content.
Genius’ Media technology, content, and services revenue climbed 27.9% to $17.9 million, primarily driven by growth in the Americas region for programmatic advertising services. While cost of revenue increased by 6.3% to $77.4 million, operating expenses fell by 15.3% to $33.2 million. Despite a pre-tax loss of $12.0 million, Q3 group adjusted EBITDA surged by 131.1% to $17.7 million.
The positive Q3 results contributed to Genius Sports’ year-to-date revenue growth of 21.3%, reaching $285.8 million. Betting-related revenue saw a notable increase of 30.5% to $187.5 million. The company has adjusted its full-year guidance, expecting group revenue to reach approximately $412.0 million and group adjusted EBITDA to hit $53.0 million.
Genius Remains Well-Positioned for Further Expansion
Co-founder and CEO Mark Locke and CFO Nick Taylor commended the company’s Q3 performance, emphasizing the successful execution of its core strategy. Taylor noted this quarter marked a critical turning point for the business, highlighting the company’s success in identifying and concluding lucrative long-term deals.
We… have much higher visibility into our long-term model following the renewals and extensions of key rights partnerships.
Nick Taylor, Genius Sports CFO
Genius Sports remains at the forefront of technical innovation as it strives to offer engaging and innovative products. Its BetVision solution has enjoyed rising popularity, pairing live streams with integrated bet slips, statistical insights, and real-time augmentations within a single interactive player. Locke noted that similar innovations reflected the company’s mission to provide compelling, player-focused solutions.
We continue to develop and distribute innovative technology across the sports ecosystem, enabling success for our partners and further solidifying our long-term strategic position.
Mark Locke, Genius Sports CFO
Genius Sports’ expansion and robust financial performance underscore its strategic position in the sports ecosystem, enabling success for partners and setting the stage for continued growth. A capable management team and industry-leading offerings should help the company resist rising macroeconomic pressures and maintain its impressive momentum.
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Deyan is an experienced writer, analyst, and seeker of forbidden lore. He has approximate knowledge about many things, which he is always willing to apply when researching and preparing his articles. With a degree in Copy-editing and Proofreading, Deyan is able to ensure that his work writing for Gambling News is always up to scratch.
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