Quarterly ResultAug 6, 2026, 07:03 AM
Genius Sports Beats Q2 Guidance, Raises Full-Year Outlook
AI Summary
Genius Sports Ltd reported strong second-quarter 2026 financial results, surpassing its own guidance for both revenue and Adjusted EBITDA. The company achieved $195.5 million in revenue and $52.6 million in Adjusted EBITDA, driven by growth in its Betting and Media segments, including contributions from the recently acquired Legend. Following this performance, Genius Sports raised its full-year 2026 revenue and Adjusted EBITDA outlook, projecting continued growth and improved profitability, despite reporting a net loss of $(76.7) million primarily due to acquisition-related expenses.
Key Highlights
- Q2 2026 Group Revenue increased 64.7% to $195.5 million, beating guidance of $185 million.
- Q2 2026 Group Adjusted EBITDA increased 54.0% to $52.6 million, exceeding guidance of $45 million.
- Raised full-year 2026 Group Revenue guidance to $1.005 billion - $1.025 billion (from $990 million - $1.010 billion).
- Raised full-year 2026 Group Adjusted EBITDA guidance to $285 million - $295 million (from $270 million - $280 million).
- Q2 2026 Group Net Loss was $(76.7) million, primarily due to non-recurring transaction expenses.
- Media Technology, Content & Services revenue increased 192.8% to $78.2 million, reflecting the Legend acquisition.
- Partnered with Liga MX for technology and AI, and with Polymarket and Kalshi for prediction markets.
- Expects 2026 year-end cash balance of approximately $260 million.
Price Impact
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