Genius Sports saw its strongest growth since 2022, with revenue increasing significantly in the third quarter. From July to September, the company earned $166.3 million, which is 38.2% higher than the same period last year. All its main business areas grew, showing good progress in betting and media services.

However, despite the strong results, the company still had a net loss for the quarter. This was mainly due to a $7.5 million foreign currency loss and higher expenses. Still, Genius Sports raised its full-year forecast for revenue and earnings, showing confidence in its future.

Strong Growth Across All Segments

Genius Sports’ betting technology and services remained its main revenue source, earning $110 million in Q3, a 38.3% increase from last year. This was due to higher contract prices, new customers, and added services.

The media unit saw the fastest growth, with revenue almost doubling to $41.8 million due to more ad demand. Its sports technology division made $14.5 million, up 16.4%, helped by more sales of GeniusIQ products.

During the quarter, Genius bought Sports Innovation Lab to boost fan engagement, partnered with Hard Rock Bet and ESPN Bet, launched its BetVision product for global basketball, and gained exclusive streaming rights with Italy’s Serie A.

Challenges and Financial Results

Even though revenue grew, the company’s expenses also increased. General and administrative costs rose to $45.7 million, over 50% higher than last year. With foreign currency losses added, this led to an operating loss of $25.6 million and a pre-tax loss of $33.2 million, compared to a $15 million profit last year.

After adding a $2.6 million tax benefit and $1.8 million investment income, Genius ended the quarter with a net loss of $28.8 million, compared to a $12.5 million profit last year. Still, adjusted EBITDA rose 32.3% to $34 million, showing its main business is strong. In the first nine months of 2025, revenue reached $429 million, up 27.9% from last year, but high costs led to a $91 million net loss.

Future Outlook and Expansion Plans

Despite the loss, Genius Sports is still confident about the future. The company now expects to make $655 million in revenue this year, up from its earlier target of $645 million. It also expects adjusted earnings of $136 million, 59% higher than last year, and plans to have positive cash flow for the first time.

CEO Mark Locke said the results show Genius Sports’ strength in using data to create better fan experiences. He added that the company is watching the growing prediction market in the U.S. and may join it later. He said the company’s steady growth proves its strong position in betting and media.