Genius Sports Limited (NYSE:GENI) reported fourth-quarter results on Wednesday that fell short of earnings expectations even as revenue came in above analyst forecasts.
The company’s shares declined 5.56% in premarket trading following the announcement.
The sports data and technology provider reported a quarterly loss of $0.08 per share, significantly below the analyst consensus estimate of a $0.04 profit.
Revenue, however, reached $240.5 million, exceeding the expected $227.14 million and rising 37% from $175.5 million in the same quarter a year earlier. Adjusted EBITDA totaled $48.3 million, representing a 49% year-over-year increase, while margins expanded by 170 basis points to 20.1%.
For the full year 2025, Genius Sports generated revenue of $669.5 million, up 31% from the previous year. Adjusted EBITDA came in at $136.2 million, reflecting 59% growth and a margin of 20.4%.
The company’s net loss widened to $111.6 million compared with $63.0 million in 2024, mainly due to higher stock-based compensation tied to NFL warrants and one-time equity awards.
“2025 was a year of accelerated Group Revenue growth and record Group Adj. EBITDA for Genius Sports,” said Mark Locke, Co-Founder and CEO. “Our Betting business continues to outpace the broader industry, while our Media business is reaching a clear inflection point.”
The company reiterated its standalone outlook for 2026, projecting revenue between $810 million and $820 million and adjusted EBITDA of $180 million to $190 million. The midpoint revenue estimate of $815 million remains well below the analyst consensus of $873.8 million.
Genius Sports also said that following its planned acquisition of Legend, which is expected to close in the second quarter, the combined company could generate roughly $1.1 billion in revenue and $320 million to $330 million in adjusted EBITDA on an annualized pro forma basis for 2026.