Fan engagement and newly signed partnerships have pushed the two sport, technology, and data companies forward.
Sportradar and Genius Sports have published their Q3 earnings, both illustrating positive results for the penultimate quarter of 2026.
Sportradar reported earnings of €363m in Q3 – a 24% year-on-year (YoY) growth, which brings total revenue for 2026 up to more than €1.08bn.
Revenue in Sportradar’s home country, the US, saw a 47% increase YoY from €67m to €98m, outperforming its rest-of-the-world assets significantly.
Markets outside the US – which represents 73% of all company revenue – saw 17% growth bringing revenue to €264m from €225m for the same period the previous year.
Profits grew 20% from €27m, which Carsten Koerl, chief executive of Sportradar attributed to wide fan engagement with sports, as well as the company’s expansion into the prediction market space.
Koerl said: “Sportradar delivered another strong quarter of double-digit growth, once again demonstrating the value of our role as a key technology and content partner to the global sports ecosystem.”
“Our performance was driven by strong demand for our premium content portfolio, deep data and innovative technology solutions, including further monetisation of the acquired IMG ARENA rights and significant contributions from across the prediction markets landscape.”
Genius Sports predicted to earn over $1bn in 2026
Genius Sports Q3 revenue beat expectations and increasing by 62% or $103.6m YoY to reach $269.9m – $260m was the projected target.
Revenue for the group’s betting technology content and services increased by 33% YoY to $153m, while its media technology content and services jumped by 126% YoY to $116.9m. The latter was primarily driven by the Legend acquisition.
Net loss in the quarter amounted to $15.7m, which is a $13.1m improvement when compared to the $28.8m net loss in Q3 2025.
The group’s adjusted EBITA for Q3 now sits at $87.1m, which is more than double (156%) the $34m from the same period in 2025.
The figures suggest Genius Sports is on track to beat its projected earnings for the full year. Currently, it is expected to generate between $1.015bn-$1.035bn, with adjusted EBITDA between $287m-$297m in group revenue.
Genius Sports also expects a 2026 year-end cash balance of roughly $260m, with over $100m estimated to have come from the second half of the year.
Mark Locke, founder and chief executive, Genius Sports, said: “Our predictable betting business, expanding media capabilities and growing opportunities in prediction markets position us to capture greater value from the data, technology and infrastructure we have spent 25 years building.
“Legend is also creating additional commercial value, and we are seeing the benefits of our combined scale. Our strategy is working, and we are well positioned to deliver sustained growth, profitability and free cash flow.”
Like Sportradar, Genius Sports also signed deals with prediction market platforms, including Polymarket and Kalshi, which was also supported by the launch of prediction.com, a comparison site for probabilities and insights.
Locke added: “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.”
