Genius Sports raised its full-year 2026 outlook after exceeding second-quarter guidance, with the sports data and technology company now expecting revenue to surpass $1 billion and its Adjusted EBITDA margin to approach 29%.
Genius now expects 2026 Group Revenue of $1.005 billion to $1.025 billion, compared with its previous guidance of $990 million to $1.010 billion.
The company also raised full-year Adjusted EBITDA guidance to between $285 million and $295 million from its previous range of $270 million to $280 million. At the midpoint, the new outlook implies an Adjusted EBITDA margin of approximately 28.6%, up from the prior estimate of about 27.5%.
Genius expects to end 2026 with approximately $260 million of cash, implying more than $100 million of total cash generation during the second half of the year.
The higher guidance follows a Q2 beat on both revenue and profitability. Group Revenue reached $195.5 million compared with guidance of $185 million, while Adjusted EBITDA reached $52.6 million compared with guidance of $45 million.
Revenue increased 64.7% year-over-year, while Adjusted EBITDA increased 54%. Betting Technology, Content & Services revenue increased 27.5% to $117.4 million, and Media Technology, Content & Services revenue surged 192.8% to $78.2 million.
Management attributed Q2 profitability outperformance to early synergies from the Legend acquisition, strong execution across the combined Media operation and incremental contribution from prediction markets.
The company’s growing prediction-markets exposure includes partnerships with Polymarket and Kalshi covering content, integrity services and marketing solutions. Genius is also scaling its GeniusIQ AI platform through sports partnerships including Liga MX and the Swiss Football League.
For the third quarter, Genius expects approximately $260 million of Group Revenue and $85 million of Adjusted EBITDA.
The company reported a $76.7 million Q2 net loss, largely reflecting nonrecurring expenses associated with the Legend transaction and financing. Loss from operations nevertheless improved to $55.6 million from $80.7 million a year earlier.
KEY QUOTES:
“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.”
“As we continue to scale GeniusIQ, that foundation positions Genius to deliver durable long-term growth, profitability and cash generation.”
Mark Locke, Founder and CEO of Genius Sports
