Genius Sports (GENI) Q3 2025 earnings summary

Executive summary

• Group revenue grew 38% year-over-year in Q3 2025 to $166.3 million, marking the strongest quarter since Q1 2022, led by nearly 90% growth in the media segment and strong betting performance.

• Adjusted EBITDA increased 32% year-over-year to $34 million, with a margin of 20%, driven by both betting and media.

• Full-year 2025 group revenue guidance raised to $655 million (28% growth), and Adjusted EBITDA guidance increased to $136 million (59% growth, 21% margin).

• Net loss for Q3 2025 was $28.8 million, compared to net income of $12.5 million in Q3 2024, primarily due to foreign currency losses and non-recurring litigation costs.

• Expanded partnerships and product offerings, including acquisitions, exclusive rights to European leagues and Serie A, and new partnerships with Hard Rock Bet and ESPN Bet.

Financial highlights

• Q3 2025 group revenue grew 38% year-over-year to $166.3 million; betting revenue up 28% to $110 million, media revenue up 89% to $42 million, and sports revenue up 16% to $14.5 million.

• Adjusted EBITDA margin was 20% for Q3 2025 and is projected to expand to 21% for the full year.

• Operating cash flow was $27 million for the quarter, reflecting typical seasonality with positive cash flow in the second half.

• Year-to-date revenue rose 34% to $428.9 million, and YTD Adjusted EBITDA grew 65% to $87.9 million.

• Basic and diluted loss per share for Q3 2025 was $(0.11), compared to $0.05 in Q3 2024.

Outlook and guidance

• 2025 group revenue guidance raised to $655 million, up 28% year-over-year, and Adjusted EBITDA guidance raised to $136 million, up 59% year-over-year, with a 21% margin and ~400bps margin expansion expected.

• Betting segment expected to deliver approximately 30% growth for the full year, supported by strong product adoption and favorable contract terms.

• Media segment growth outlook raised from low/mid-teens to nearly 30% for the full year, driven by agency deals and advertiser momentum.

• Expects to generate positive annual cash flow for full year 2025.

• Long-term margin target remains at 30%, with continued focus on cash flow conversion and margin expansion.