Genius Sports lifts 2026 outlook after prediction market deals

Genius Sports has increased its revenue and EBITDA guidance for 2026, following the signing of partnerships in the third quarter with the two largest prediction market companies. The updated outlook reflects the company's expectation of stronger future performance tied to those agreements.

The company disclosed the revised expectations alongside its Q3 earnings report. The financial results showed that Genius Sports' year-to-date net loss stood at $147.9m (£131.8m), a 62% increase from the $90m loss recorded in the same period a year earlier.

While the net loss widened, the company highlighted the strategic value of the prediction market partnerships, which are expected to contribute to revenue growth over the next several years. The deals are part of Genius Sports' broader push into data-driven sports technology and live betting services.

The stronger 2026 guidance suggests management expects the partnerships to deliver meaningful returns, even as current losses remain elevated. The company did not provide specific revised figures in the announcement.

The Q3 results underscore a mixed period for Genius Sports: accelerating commercial momentum on one side, while still absorbing costs that have pushed losses higher year over year.