Group Revenue of $166.3m, representing 38% growth year-over-year
Group Revenue growth predominately driven by 89% growth in Media revenue and 28% growth in Betting revenue
Group Net Loss of ($28.8m) whilst Group Adj. EBITDA increased 32% year-over-year to $34.0m
2025 Group Revenue guidance raised to $655m, representing 28% growth year-over-year
2025 Group Adj. EBITDA guidance raised to $136m, representing 59% growth year-over-year and a 21% margin

Genius Sports Limited (NYSE:GENI) ("Genius Sports," "Genius" or the "Group"), the official data, technology and broadcast partner that powers the global ecosystem connecting sports, betting and media, today announced financial results for its fiscal third quarter ended September 30, 2025.

"Our growth this quarter reflects our unique ability to combine sports data with audience intelligence to deliver personalized fan experiences at scale," said Mark Locke, Genius Sports Co-Founder and CEO. "We're extending our leadership in online sports betting and sports advertising through richer content, rapid product adoption, and strong commercial momentum, driving continued growth and long-term value for our partners."

*$ in thousands*	Q325			Q324			%
Group Revenue		166,283			120,198			38.3	%
Betting Technology, Content & Services		110,010			85,625			28.5	%
Media Technology, Content & Services		41,788			22,126			88.9	%
Sports Technology & Services		14,485			12,447			16.4	%
Group Net (Loss) Income		(28,814	)		12,505		nm
Group Adjusted EBITDA		33,988			25,691			32.3	%
Group Adjusted EBITDA Margin		20.4	%		21.4	%		(100	bps)

*$ in thousands*	YTD25			YTD24			%
Group Revenue		428,993			335,363			27.9	%
Betting Technology, Content & Services		304,068			226,646			34.2	%
Media Technology, Content & Services		86,283			75,554			14.2	%
Sports Technology & Services		38,642			33,163			16.5	%
Group Net Loss		(90,960	)		(34,828	)		(161.2	%)
Group Adjusted EBITDA		87,913			53,366			64.7	%
Group Adjusted EBITDA Margin		20.5	%		15.9	%		460	bps

nm = not meaningful

Q3 2025 Financial Highlights

Group Revenue: Group revenue increased 38% year-over-year to $166.3 million.
- Betting Technology, Content & Services: Revenue increased 28% year-over-year to $110.0 million, driven primarily by growth in business with existing customers as a result of price increases on contract renewals and renegotiations, expansion of value-add services, growth and expansion in existing markets, and new service offerings. Growth was also supported by new customer acquisitions.
- Media Technology, Content & Services: Revenue increased 89% year-over-year to $41.8 million, driven by higher programmatic advertising services.
- Sports Technology & Services: Revenue increased 16% year-over-year to $14.5 million primarily driven by an increase in sales of products built on GeniusIQ technology.
Group Net (Loss) Income: Group net loss was $28.8 million in the third quarter ended September 30, 2025, representing a $41.3 million difference from the $12.5 million income in the third quarter ended September 30, 2024. This was primarily driven by a $7.5 million loss on foreign currency in the third quarter ended September 30, 2025 compared to a $21.1 million gain in the third quarter ended September 30, 2024, as well as timing of new data rights agreements and non-recurring litigation costs.
Group Adjusted EBITDA: Group Adjusted (non-GAAP) EBITDA was $34.0 million in the quarter, representing a 32% increase compared to the $25.7 million reported in the third quarter ended September 30, 2024.

Q3 2025 Business Highlights

Acquired Sports Innovation Lab, a leader in sports fan data, to bolster the world's most advanced fan activation platform
Expanded partnerships with Hard Rock Bet Sportsbook and ESPN BET to provide official data, live trading and BetVision
Launched BetVision product for global basketball competitions
Secured exclusive official data and streaming rights with Serie A through 2029 to power next-generation BetVision product
Utilized leading technology position to secure multi-year exclusive official betting data rights for a select group of competitions within European Leagues
Announced new partnership with PMG, the leading independent agency representing several major brands including Nike, TurboTax, Best Western, and Beats by Dre, among others
Delivered augmented advertising content for Shopify, NBA 2K and Point3 on FanDuel Sports Network's broadcasts of select WNBA games

Financial Outlook

Genius Sports expects to generate Group Revenue of approximately $655 million and Group Adjusted EBITDA of approximately $136 million in 2025. This implies year-over-year Group Revenue and Adj. EBITDA growth of 28% and 59%, respectively. Genius Sports also expects to generate positive annual cash flow in the full year of 2025.


Genius Sports Limited Condensed Consolidated Statements of Operations (Unaudited) (Amounts in thousands, except share and per share data)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2025			2024			2025			2024
Revenue	$	166,283		$	120,198		$	428,993		$	335,363
Cost of revenue		124,963			80,116			343,584			254,106
Gross profit		41,320			40,082			85,409			81,257
Operating expenses:
Sales and marketing		13,645			9,455			39,357			27,531
Research and development		4,943			5,848			22,615			19,683
General and administrative		45,670			30,403			144,705			82,855
Transaction expenses		2,667			432			5,452			2,524
Total operating expenses		66,925			46,138			212,129			132,593
Loss from operations		(25,605	)		(6,056	)		(126,720	)		(51,336	)
Interest (expense) income, net		(138	)		(13	)		855			1,001
Gain (loss) on disposal of assets		39			1			26			(18	)
(Loss) gain on foreign currency		(7,519	)		21,099			31,722			17,190
Total other (expense) income		(7,618	)		21,087			32,603			18,173
(Loss) income before income taxes		(33,223	)		15,031			(94,117	)		(33,163	)
Income tax benefit (expense)		2,592			(4,618	)		302			(4,404	)
Gain from equity method investment		1,817			2,092			2,855			2,739
Net (loss) income	$	(28,814	)	$	12,505		$	(90,960	)	$	(34,828	)
(Loss) earnings per share attributable to common stockholders:
Basic	$	(0.11	)	$	0.05		$	(0.36	)	$	(0.15	)
Diluted	$	(0.11	)	$	0.05		$	(0.36	)	$	(0.15	)
Weighted average common stock outstanding:
Basic		257,661,292			229,588,604			253,138,423			229,460,263
Diluted		257,661,292			233,730,434			253,138,423			229,460,263


Genius Sports Limited Condensed Consolidated Balance Sheets (Amounts in thousands, except share and per share data)

	(Unaudited)
	September 30,			December 31,
	2025			2024
ASSETS
Current assets:
Cash and cash equivalents	$	207,792		$	110,213
Restricted cash, current		—			25,026
Accounts receivable, net		132,385			85,491
Contract assets		53,716			30,632
Prepaid expenses		56,337			27,333
Other current assets		16,171			9,902
Total current assets		466,401			288,597
Property and equipment, net		29,297			19,016
Intangible assets, net		148,912			115,539
Operating lease right-of-use assets		28,896			7,488
Goodwill		338,750			326,011
Deferred tax asset		1,546			1,192
Investments		31,779			31,717
Other assets		3,519			2,706
Total assets	$	1,049,100		$	792,266
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	59,921		$	36,661
Accrued expenses		87,595			79,172
Deferred revenue		98,779			73,388
Current debt		4			19
Operating lease liabilities, current		4,076			3,003
Other current liabilities		18,920			9,327
Total current liabilities		269,295			201,570
Deferred tax liability		11,795			13,802
Operating lease liabilities, non-current		26,096			4,489
Other liabilities		19,384			—
Total liabilities		326,570			219,861
Shareholders' equity
Common stock, $0.01 par value, unlimited shares authorized, 242,824,068 shares issued and 238,718,120 shares outstanding at September 30, 2025; unlimited shares authorized, 215,261,974 shares issued and 211,156,026 shares outstanding at December 31, 2024		2,428			2,153
B Shares, $0.0001 par value, 22,500,000 shares authorized, 14,500,000 shares issued and outstanding at September 30, 2025; 22,500,000 shares authorized, 18,500,000 shares issued and outstanding at December 31, 2024		1			2
Additional paid-in capital		1,966,811			1,700,065
Treasury stock, at cost, 4,105,948 shares at September 30, 2025 and December 31, 2024		(17,653	)		(17,653	)
Accumulated deficit		(1,178,487	)		(1,087,527	)
Accumulated other comprehensive loss		(50,570	)		(24,635	)
Total shareholders' equity		722,530			572,405
Total liabilities and shareholders' equity	$	1,049,100		$	792,266


Genius Sports Limited Condensed Consolidated Statements of Cash Flows (Unaudited) (Amounts in thousands)

	Nine Months Ended September 30,
	2025			2024
Cash Flows from operating activities:
Net loss	$	(90,960	)	$	(34,828	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		50,435			57,208
(Gain) loss on disposal of assets		(26	)		18
Stock-based compensation		123,020			32,955
Non-cash consideration, net		(1,039	)		(1,240	)
Non-cash interest expense, net		585			—
Non-cash lease expense		3,498			3,431
Loss on lease abandonment and impairment		195			—
Amortization of contract costs		1,082			939
Deferred income taxes		(2,362	)		—
Allowance for expected credit losses		275			(122	)
Gain from equity method investment		(2,855	)		(2,739	)
Gain on foreign currency remeasurement		(31,143	)		(16,940	)
Changes in operating assets and liabilities
Effect of business combinations		(4,399	)		—
Accounts receivable		(46,129	)		(2,693	)
Contract assets		(23,084	)		(11,122	)
Prepaid expenses		(21,346	)		1,233
Other current assets		(6,719	)		2,480
Other assets		(1,341	)		(1,287	)
Accounts payable		23,259			(30,970	)
Accrued expenses		924			11,482
Deferred revenue		25,391			(5,485	)
Other current liabilities		2,767			(3,579	)
Operating lease liabilities		(2,587	)		(3,516	)
Net cash used in operating activities		(2,559	)		(4,775	)
Cash flows from investing activities:
Purchases of property and equipment		(15,653	)		(9,446	)
Capitalization of internally developed software costs		(44,666	)		(38,110	)
Distributions from equity method investments		2,787			1,561
Purchases of intangible assets		(1,259	)		—
Acquisition of business, net of cash acquired		(14,841	)		—
Proceeds from disposal of assets		40			10
Net cash used in investing activities		(73,592	)		(45,985	)
Cash flows from financing activities:
Proceeds from issuance of common shares, net of equity issuance costs		144,000			—
Repayment of loans and mortgage		(17	)		(16	)
Repayment of promissory notes		—			(7,575	)
Net cash provided by (used in) financing activities		143,983			(7,591	)
Effect of exchange rate changes on cash, cash equivalents and restricted cash		4,721			1,633
Net increase (decrease) in cash, cash equivalents and restricted cash		72,553			(56,718	)
Cash, cash equivalents and restricted cash at beginning of period		135,239			125,793
Cash, cash equivalents and restricted cash at end of period	$	207,792		$	69,075
Supplemental disclosure of cash activities:
Cash paid during the period for interest	$	2,624		$	579
Cash paid during the period for income taxes	$	3,003		$	1,596


Genius Sports Limited Reconciliation of U.S. GAAP Net loss to Adjusted EBITDA (Unaudited) (Amounts in thousands)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2025			2024			2025			2024
	(dollars, in thousands)
Net (loss) income	$	(28,814	)	$	12,505		$	(90,960	)	$	(34,828	)
Adjusted for:
Net, interest expense (income)		138			13			(855	)		(1,001	)
Income tax (benefit) expense		(2,592	)		4,618			(302	)		4,404
Amortization of acquired intangibles⁽¹⁾		2,572			2,725			6,936			21,953
Other depreciation and amortization⁽²⁾		16,519			12,946			44,581			36,194
Stock-based compensation⁽³⁾		25,863			9,322			128,166			34,559
Transaction expenses		2,667			432			5,452			2,524
Litigation and related costs⁽⁴⁾		9,598			3,295			23,513			5,643
Loss (gain) on foreign currency		7,519			(21,099	)		(31,722	)		(17,190	)
Other⁽⁵⁾		518			934			3,104			1,108
Adjusted EBITDA	$	33,988		$	25,691		$	87,913		$	53,366

_______________
⁽¹⁾		Includes amortization of intangible assets generated through business acquisitions (inclusive of amortization for marketing products, acquired technology, and historical data rights related to the acquisition of a majority interest in Genius in 2018).
⁽²⁾		Includes depreciation of Genius' property and equipment, amortization of contract costs, and amortization of internally developed software and other intangible assets. Excludes amortization of intangible assets generated through business acquisitions.
⁽³⁾		Includes restricted shares, stock options, equity-settled restricted share units, cash-settled restricted share units and equity-settled performance-based restricted share units granted to employees and directors (including related employer payroll taxes) and equity-classified non-employee awards issued to suppliers.
⁽⁴⁾		Includes litigation and related costs incurred by the Company relating to discrete and non-routine legal proceedings that are not part of the normal operations of the Company's business. For the three and nine months ended September 30, 2025 and 2024, legal proceedings included Sportscastr litigation, dMY litigation and Spirable litigation (as described in Item 3.D "Risks Related to Legal Matters and Regulations" in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 14, 2025 (the "2024 20-F")), and Volleystation litigation (as described in Note 17 – Commitments and Contingencies, elsewhere in this filing on Form 6-K). All other legal proceedings are expensed as part of our on-going operations and included in general and administrative expenses.
⁽⁵⁾		Includes severance costs and non-recurring compensation payments, expenses incurred related to earn-out payments on historical acquisitions, gain/loss on disposal of assets, loss on impairment of property leases, and professional fees for finance transformation project.

Webcast and Conference Call Details

Genius Sports management will host a conference call and webcast today at 8:00AM ET to discuss the Group's third quarter results.

The live conference call and webcast may be accessed on the Genius Sports investor relations website at investors.geniussports.com along with Genius' earnings press release and related materials. A replay of the webcast will be available on the website within 24 hours after the call.

About Genius Sports

Genius Sports is the official data, technology and broadcast partner that powers the global sports, betting and media ecosystem. Our technology is used in over 150 countries worldwide, creating highly immersive products that enrich fan experiences across the entire sports industry.

We are the trusted partner to over 1,000 sports organizations, including many of the world's largest leagues, teams, sportsbooks, brands and broadcasters, such as the NFL, English Premier League, NCAA, DraftKings, FanDuel, bet365, Coca-Cola, EA Sports, CBS, NBC and ESPN.

Genius Sports is uniquely positioned through AI, computer vision and big data to power the future of sports fan experiences. From delivering augmented broadcasts and enhanced highlights, to automated officiating tools, immersive betting solutions and personalized marketing activations, we connect the entire sports value chain from the rights holder all the way through to the fan.

Non-GAAP Financial Measures

This press release includes non-GAAP financial measures not presented in accordance with U.S. GAAP. A reconciliation of the most comparable GAAP measure to its non-GAAP measure is included above.

Adjusted EBITDA

We present Group adjusted EBITDA and Group adjusted EBITDA margin, non-GAAP performance measures, to supplement our results presented in accordance with U.S. GAAP. Group Adjusted EBITDA is defined as earnings before interest, income tax, depreciation and amortization and other items that are unusual or not related to Genius' revenue-generating operations, including but not limited to stock-based compensation expense (including related employer payroll taxes), litigation and related costs, transaction expenses and gain or loss on foreign currency.

Group Adjusted EBITDA is used by management to evaluate Genius' core operating performance on a comparable basis and to make strategic decisions. Genius believes Group Adjusted EBITDA is useful to investors for the same reasons as well as in evaluating Genius' operating performance against competitors, which commonly disclose similar performance measures. However, Genius' calculation of Group Adjusted EBITDA may not be comparable to other similarly titled performance measures of other companies. Group Adjusted EBITDA and Group Adjusted EBITDA margin are not intended to be a substitute for any US GAAP financial measure.

We do not provide a reconciliation of Group adjusted EBITDA to consolidated net income/(loss) on a forward-looking basis because we are unable to forecast certain items required to develop meaningful comparable GAAP financial measures without unreasonable efforts. These items are difficult to predict and estimate and are primarily dependent on future events. The impact of these items could be significant to our projections.

Forward-Looking Statements

This press release contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve significant risks and uncertainties. All statements other than statements of historical facts are forward-looking statements. These forward-looking statements include information about our possible or assumed future results of operations or our performance. Words such as "expects," "intends," "plans," "believes," "anticipates," "estimates," and variations of such words and similar expressions are intended to identify such forward looking statements. Although we believe that the forward-looking statements contained in this press release are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in such forward-looking statements, including but not limited to: risks related to our reliance on relationships with sports organizations and the potential loss of such relationships or failure to renew or expand existing relationships; fraud, corruption or negligence related to sports events, or by our employees or contracted statisticians; risks related to changes in domestic and foreign laws and regulations or their interpretation; compliance with applicable data protection and privacy laws; pending litigation and investigations; the failure to protect or enforce our proprietary and intellectual property rights; claims for intellectual property infringement; our reliance on information technology; elevated interest rates and inflationary pressures, including fluctuating foreign currency and exchange rates; risks related to domestic and international political and macroeconomic uncertainty; our share repurchase program; and other factors included under the heading "Risk Factors" in the 2024 20-F.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Although we believe that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements contained in this press release, or the documents to which we refer readers in this press release, to reflect any change in our expectations with respect to such statements or any change in events, conditions or circumstances upon which any statement is based.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251104252560/en/

Media

Chris Dougan, Chief Communications Officer

+1 (202) 766-4430

chris.dougan@geniussports.com

Investors

Brandon Bukstel , Investor Relations Manager

+1 (954)-554-7932

brandon.bukstel@geniussports.com

Genius Sports Reports 38% Group Revenue Growth and Raises Full-Year 2025 Group Revenue and Adj. EBITDA Guidance, Driven by Strengthening Media Product