Genius Sports has announced revenue jumped 38% year-on-year (YoY) in Q3, leading to an increase in both full-year 2025 revenue and adjusted EBITDA guidance.

Group revenue stood at $166.3m (£127.3m), helped by an 89.9% YoY revenue jump in its media technology, content and services division, which noted revenue of $41.8m thanks to “higher programmatic advertising services”.

The New York-listed supplier’s betting technology, content and services arm saw revenue grow 28.5% YoY to $110m, on the back of new customer acquisitions, price renewals on contracts and expanded services.

Genius Sports’ sports technology and services division saw revenue increase from $12.4m in Q3 2024 to $14.5m. Bosses said this was due to an increase in product sales.

While group adjusted EBITDA rose 32.3% YoY to $34m, net loss income sat at $28.8m for the three months ending 30 September, compared to a $12.5m profit last year.

Genius Sports said this was down to a “$7.5m loss on foreign currency in the third quarter ended 30 September compared to a $21.1m gain in the third quarter ended 30 September, as well as timing of new data rights agreements and non-recurring litigation costs”.

For the first nine months of 2025, revenue stood at $429m, up from $335.4m.

On the back of its results, the supplier said it was raising its full-year 2025 revenue guidance to approximately $655m and adjusted EBITDA to $136m, representing a 28% and 59% increase YoY, respectively.

Previously, revenue was forecast at around $620m, with adjusted EBITDA of approximately $125m.

Commenting on the results, CEO and co-founder Mark Locke said: “Our growth this quarter reflects our unique ability to combine sports data with audience intelligence to deliver personalised fan experiences at scale.

“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.”

Further highlights for the quarter included the acquisition of Sports Innovation Lab at the start of September for an undisclosed fee, the launch of BetVision for global basketball competitions and an expanded partnership with Hard Rock Bet and ESPN Bet to provide data, live trading and BetVision.

The company also announced the appointment of former Disney executive Bryan Castellani as new CFO with immediate effect last month.

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