Quarterly ResultMay 7, 2026, 07:02 AM
Genius Sports Raises 2026 Guidance Post-Legend Acquisition; Q1 Revenue +31%
AI Summary
Genius Sports reported strong Q1 2026 financial results, with revenue increasing 31% to $188.0 million and Adjusted EBITDA growing 21% to $24.0 million. Following the acquisition of Legend on May 1, 2026, the company significantly raised its full-year 2026 guidance, now expecting Group Revenue of $990 million to $1.01 billion and Adjusted EBITDA of $270 million to $280 million, targeting a 28% Adjusted EBITDA Margin. The net loss increased primarily due to foreign currency movements, stock-based compensation, and one-time Legend transaction expenses.
Key Highlights
- Legend acquisition closed on May 1, 2026.
- Q1 2026 Group Revenue: $188.0 million, up 31% year-over-year.
- Q1 2026 Betting Technology, Content & Services Revenue: $146.2 million, up 33% year-over-year.
- Q1 2026 Media Technology, Content & Services Revenue: $41.7 million, up 22% year-over-year.
- Q1 2026 Group Adjusted EBITDA: $24.0 million, up 21% year-over-year.
- Q1 2026 Group Net Loss: $(55.5) million, compared to $(8.2) million in Q1 2025.
- Full-year 2026 Revenue guidance raised to $990 million - $1.01 billion; Adjusted EBITDA to $270 million - $280 million.
- Full-year 2026 Adjusted EBITDA Margin target increased to 28% from 23%.