Operating profit came in at $10.4 million, compared with a $25.6 million loss a year earlier, while adjusted EBITDA rose 156.4% to $87.1 million and the net loss narrowed to $15.7 million from $28.8 million. Free cash flow reached $53.6 million, up from just $3.3 million in the same period of 2025.
Mark Locke, CEO of Genius Sports, stated:
“This quarter’s $54m of free cash flow demonstrates the cash-generating power of the combined business and reflects the performance we always believed our model could deliver.”
Betting revenue grew 33% to $153 million, helped by price increases on contract renewals and new services for existing customers, while Media revenue more than doubled, up 126% to $116.9 million, largely thanks to the acquisition of Legend in May. During the quarter, Genius also signed partnerships with Polymarket and Kalshi to supply content, integrity services and marketing solutions, and launched Prediction.com, a platform for comparing probabilities and event contracts across prediction markets.
Locke added:
“Our strategy is working and we are well positioned to deliver sustained growth, profitability and free cash flow.”
Genius now expects 2026 revenue of $1.02 billion to $1.04 billion and adjusted EBITDA of $287 million to $297 million, up from $1.01 billion to $1.03 billion and $285 million to $295 million, respectively, and is targeting a year-end cash balance of around $260 million.
