Genius Sports (GENI) Q3 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 11:10 AM CDT 38 min read

Image source: The Motley Fool.

DATE

Tuesday, November 4, 2025 astatine 8 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Mark Locke

• Chief Financial Officer — Bryan Castellani

Full Conference Call Transcript

Mark Locke: Good morning, everyone and convey you for joining america contiguous to sermon our Q3 results. We volition support our prepared remarks comparatively little this greeting arsenic we look guardant to hosting galore of you astatine our upcoming Investor Day adjacent month. There, we volition stock with you a elaborate overview of our business, merchandise demonstrations, manufacture trends and our strategical and fiscal outlook. With that successful mind, I volition rapidly interaction connected the cardinal highlights from this quarter. First, we accrued our radical gross by 38% year-on-year, making our strongest 4th of gross maturation since Q1 2022. This was led by our Media segment, up astir 90% year-on-year, further validating our concern and excitement successful the space.

We besides accrued our radical adjusted EBITDA by 32% year-on-year to $34 million, representing a 20% margin. Both Betting and Media contributed meaningfully to our gross maturation this quarter. I'll interaction rapidly connected Betting to start. Betting gross accrued 28% year-on-year, predominantly driven by maturation with existing customers and determination are a fewer specifics that are worthy highlighting. First, we secured the exclusive rights to the European Leagues and Serie A this quarter, further strengthening our existing portfolio of the highest prime shot contented globally. With our standard and organisation crossed hundreds of the world's largest regulated betting operators, we were capable to make contiguous gross uplift successful this 4th done this further content.

Additionally, we announced the enlargement of our concern with Hard Rock Bet this quarter. As portion of our renewal, we are present providing Hard Rock with further contented and unrecorded trading services crossed the Premier League, Serie A, European Leagues, NFL and more. Hard Rock is besides present the latest Sportsbook spouse to utilize our BetVision merchandise crossed Serie A, NFL and implicit 23,000 different unrecorded betting streams. Our Hard Rock narration is different illustration of however our picks and shovels positioning successful the U.S. betting marketplace enables our gross maturation to outpace others successful the ecosystem.

Whether it is successful a authorities similar Florida oregon done a competing product, our portfolio of information and precocious merchandise acceptable is indispensable to the occurrence for each operators and we are assured this positioning volition spend continued opportunities successful an ever-changing and evolving industry. We've besides expanded our concern with ESPN BET this quarter, which now, for the archetypal time, includes BetVision, not conscionable for NFL, but for our afloat suite of shot and hoops contented arsenic well. And finally, we person seen affirmative in-play betting trends to commencement the NFL season. Through the archetypal 6 weeks of the season, in-play represented 30% of full NFL handle, close successful enactment with our expectations.