Genius Sports Limited · NYSE:GENI
Genius Sports — Q4 2025 Earnings Presentation
25 slides from Genius Sports's earnings presentation, Mar 4, 2026
Slide 1: Fourth Quarter 2025 Earnings
Fourth Quarter 2025 Earnings March 4, 2026
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements Non-GAAP Financial Measures This presentation contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and This presentation includes non-GAAP financial measures not presented in accordance with U.S. GAAP. A reconc
Slide 3: Agenda
Agenda 01 02 03 Q4 and Full-Year 2025 Full-Year 2026 Overview of Legend Financial Results Financial Outlook Acquisition | 3
Slide 4: Genius Sports is Entering 2026 With Strong Momentum
Genius Sports is Entering 2026 With Strong Momentum Group Revenue ($m) Group Adj. EBITDA ($m) $669 $136 $511 $413 $86 $341 $263 $53 $2 $16 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 YoY % chg. +75% +30% +21% +24% +31% Margin 1% 5% 13% 17% 20% Strongest Revenue growth since 2021 Record-high Gr
Slide 5: Consistent and Improving Growth Drivers for Betting Business
Consistent and Improving Growth Drivers for Betting Business ✓ Outpaced FY25 Global GGR growth of 24%1 $472m +33% ✓ Expanded BetVision coverage: Betting Revenue FY25 Betting Growth in FY25 ✓ ~300k events Revenue ✓ >200 competitions, spanning NFL, Soccer, Basketball, Tennis and E-Sports ✓ 72% larger
Slide 6: Transformational Year for the Media Business
Transformational Year for the Media Business ✓ New agency partnerships, including Publicis and PMG $144m +37% ✓ Strong execution during peak sports calendar Media Revenue ✓ Sports Innovation Lab’s observational, transactional, FY25 Media Growth in FY25 and deterministic fan data supported stronger r
Slide 7: Well-Balanced Growth Across Each Geography
Well-Balanced Growth Across Each Geography Q4 Revenue ($m) FY Revenue ($m) Americas $132 +43% Americas $316 +41% $93 $225 Europe $96 +31% Europe $312 +22% $73 $256 $12 +29% $41 +34% Rest of World Rest of World $9 $31 United States $116 +36% United States $274 +45% (incl. in Americas) $85 (incl. in A
Slide 8: Legend Acquisition Expected to Accelerate Genius' Financial Targets by 2 Years
Upon Completion, Legend Acquisition is Expected to Accelerate Genius’ Financial Targets by 2 Years $810-820m $180-190m 22% 23% FY26E Group Revenue FY26E Group Adj. EBITDA Group Revenue Group Adj. EBITDA Growth Margin + $1.1b $320-330m 30% ~50% FY26E Group Revenue FY26E Group Adj. EBITDA Group Adj. E
Slide 9: Overview of Legend Acquisition
Overview of Legend Acquisition
Slide 10: Engine
Engine Feedback Loop Users User Interacts Product Layer User Matching Prediction Monetization Front-End User Identification Serve Best Machine Learning Products To Drive & Look-A-Like Monetization Model Engagement Mapping Model and Partner Engagement Content Content Output Score Live Scores 8 Recomm
Slide 11: The Legend Engine
The Legend Engine • 20+ years of development • $300m+ of investment across tech & product > 50% Increase in revenue • Tech stack proven to be adaptable across within 6 months multiple use cases post-Legend Engine • Plug-and-play engine with 20+ distribution- integration1 ready capabilities • 10,000+
Slide 12: The Legend Engine Drives Organic and Durable Engagement
The Legend Engine Drives Organic and Durable Engagement 320m+ 118m ~75% Annual Visits Unique Visitors Return Rate2 ~9 minutes $2+ 60% Higher Player Value After Average Session Time1 Revenue per Unique Visitor Year 1 | 12 Note: Statistics as of CY25, unless otherwise specified. 1 Reflects Covers aver
Slide 13: Engagement Reflected in Legend's Premium Revenue Model
Engagement Reflected in Legend’s Premium Revenue Model Sponsorship & Advertisement Placement ✓ Capitalize on new markets ✓ Emerging gaming categories, such as prediction markets Upfront Commitments ✓ Fixed minimums, providing certainty Pioneering Best-in-Class Commercial Revenue Share ✓ Highly recur
Slide 14: Legend's Differentiated Model
Legend’s Differentiated Model Traditional Affiliate Repeat user monetization & cross sell One-time click to conversion across diversified global brand portfolio Marketing as a % of revenue = ~40% Marketing as a % of revenue = 5% Reduced risk exposure through diverse High dependency on single-product
Slide 15: Legend Empowers Deep Engagement
Session depth Legend Empowers Deep Engagement Other OSB & iGaming Operators US National Leagues Traditional Affiliates Note: Similarweb data for January 2026; | 15 Session time: average time on site per session Session depth: average pages visited per session Session duration
Slide 16: LLM Resiliency and Opportunity
LLM Resiliency and Opportunity Informational, Low-Intent Pages are in Trouble … … But LLMs do not Replace Intent or Experience ▪ What is X ✓ Join a community ✓ Delivers trust ▪ How tall is Y ✓ Stream sports and ✓ Regulates gaming ▪ Explain Z ✓ Gameplay ✓ Explore outcomes Monetizes Destination for Cr
Slide 17: Highly Accretive Financial Profile
Highly Accretive Financial Profile Annualized Revenue ($m) Annualized Adj. EBITDA ($m) Adj. EBITDA Margin: ~30% ~35% ~21% $1,600 CAGR FCF Conversion1: ~50% >60% $1,100 Investor Day Target $1,200 +30% CAGR $550 $320 - 330 Investor Day Target $365 2026E 2028E 2026E 2028E Accelerates Revenue Enhances M
Slide 18: Revenue Synergies Unlock Potential Upside
Revenue Synergies Unlock Potential Upside 01 02 Monetize Cross-Sell & Pricing Combined Power Audience Data 03 04 Deployment of Monetization of the Genius Assets Legend Engine for Across Legend Leagues Portfolio | 18
Slide 19: Q&A
Q&A
Slide 20: Appendix
Appendix
Slide 21: Genius Sports Q4 P&L & Group Adj. EBITDA Reconciliation
Genius Sports Q4 P&L & Group Adj. EBITDA Reconciliation Condensed Consolidated Statements of Operations Reconciliation of U.S. GAAP Net loss to Group (Unaudited, amounts in thousands, Adjusted EBITDA except share and per share data) (Unaudited, amounts in thousands) Three Months Ended December 31, T
Slide 22: Genius Sports FY P&L & Group Adj. EBITDA Reconciliation
Genius Sports FY P&L & Group Adj. EBITDA Reconciliation Condensed Consolidated Statements of Operations Reconciliation of U.S. GAAP Net loss to Group (Unaudited, amounts in thousands, Adjusted EBITDA except share and per share data) (Unaudited, amounts in thousands) Year Ended December 31, Year Ende
Slide 23: Reconciliation of GAAP Expenses to non-GAAP Expenses
Reconciliation of GAAP Expenses to non-GAAP Expenses Three Months Ended Year Ended December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, 2025 2025 2025 2025 2024 2024 2024 2024 2025 2024 GAAP Operating Expenses Cost of revenue $ 172,063
Slide 24: Recasted Historical Financial Results
Recasted Historical Financial Results Consolidated to Betting and Media Previous Revenue Reporting 2024 2025 $m Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Betting Technology, Content and Services $73.9 $67.1 $85.6 $128.2 $354.9 $106.5 $87.5 $110.0 $167.4 $471.5 Sports Technology and Services $10.3 $10.4 $12.4 $1
Slide 25: GENI Share Count Build
GENI Share Count Build Total Capitalization (shares in millions) As of December 31, 2025 Ordinary shares outstanding 246.3 Additional Securities NFL Enterprises LLC vested Warrants1 14.5 NFL Enterprises LLC unvested Warrants1 5.0 Unvested equity-settled RSUs and PSUs2 27.6 Total Additional Securitie