Genius Sports raises 2026 guidance as Q2 revenue up 64.7%
The first quarter as a combined business with Legend nearly tripled media revenue, but acquisition costs pushed the net loss to $76.7 million.
Sports data suppliers have spent the past year buying their way into media and advertising to reduce their reliance on sportsbook contracts. Genius Sports reported second-quarter revenue of $195.5 million on 6 August 2026 and raised its full-year outlook, in its first quarter as a combined business with Legend.
Media division nearly triples revenue
Group revenue rose 64.7% year on year to $195.5 million in the three months to 30 June 2026, against company guidance of $185 million.
Media technology, content and services, the division Legend sits in, grew 192.8% to $78.2 million, with Legend contributing from 1 May.
Betting technology, content and services, which supplies data and content to sportsbooks, rose 27.5% to $117.4 million on price increases at contract renewal and renegotiation, expanded value-add services, and new service offerings.
Q2 key financial highlights
| $ thousands | Q2 2026 | Q2 2025 | Change |
| Group revenue | 195,503 | 118,719 | +64.7% |
| Betting technology, content and services | 117,352 | 92,030 | +27.5% |
| Media technology, content and services | 78,151 | 26,689 | +192.8% |
| Group net loss | (76,731) | (53,948) | (42.2%) |
| Group adjusted EBITDA | 52,600 | 34,150 | +54.0% |
| Group adjusted EBITDA margin | 26.9% | 28.8% | (190 bps) |
Acquisition costs widen the loss
Net loss reached $76.7 million, $22.8 million wider than a year earlier, equal to a loss of $0.28 per share. The company attributed most of the increase to the Legend deal: $28.9 million of non-recurring transaction expenses, $13.8 million of net interest expense on the term loan used to fund it, and an $8.0 million charge on the remeasurement of contingent consideration. A $27.0 million swing in foreign currency gains also weighed on the figure. Loss from operations, which strips those items out, improved by $25.1 million to $55.6 million.
Adjusted EBITDA, a non-GAAP measure, came in at $52.6 million against guidance of $45 million.
Full-year outlook lifted
Genius Sports now expects full-year 2026 revenue of $1.005 billion to $1.025 billion, up from $990 million to $1.010 billion, and adjusted EBITDA of $285 million to $295 million, up from $270 million to $280 million.
For the third quarter, it expects roughly $260 million in revenue and $85 million in adjusted EBITDA, and it is targeting a year-end cash balance of about $260 million. Cash stood at $155.1 million at 30 June, down from $280.6 million at the end of 2025.
Mark Locke, Genius Sports founder and chief executive officer, said:
‘In our first quarter as a combined business, we exceeded our guidance on revenue, adjusted EBITDA and cash, raised our full-year outlook, and are already seeing the benefits of the Legend integration.’
Genius Sports closed its acquisition of Legend, a digital sports and gaming media network, on 1 May 2026, in a transaction valued at up to $1.2 billion.
During the quarter, it also signed a technology and AI partnership with Liga MX and extended GeniusIQ distribution through an agreement with the Swiss Football League.
After the reporting period, in early August, it announced partnerships with Polymarket and Kalshi covering content, integrity services, and marketing, and launched semi-automated offside technology for Brazil’s football confederation, CBF.
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