Genius Sports has exceeded its initial guidance for Q2 2026 by reporting revenue of $195.5m (£145.2m) for the period, as the supplier giant plots further gains thanks to new Polymarket and Kalshi partnerships.
The topline figure represented a 64.7% increase year on year (YoY), beating the supplier’s initial guidance of $185m.
The majority of the revenue total was derived from the firm’s betting technology, content and services arm to the tune of $117.4m, up 27.5% YoY.
Media technology, content and services generated revenue of $78.2m, up 192.8% compared to Q2 2025. This was powered by the group’s initial $900m acquisition of Legend, which closed earlier this year.
Adjusted EBITDA increased 54% YoY to $52.6m, with an adjusted EBITDA margin of 26.9%, also exceeding guidance. Net losses widened to $76.7m for Q2, up from the $53.9m loss experienced in the corresponding period in 2025.
This was attributed to expenses related to the Legend deal, which included $28.9m of non-recurring transaction expenses, $13.8m of net interest expense following the term loan financing, and an $8m loss on fair value remeasurement of contingent consideration.
Looking ahead to the rest of the year, the firm has raised its guidance for revenue and adjusted EBITDA.
Revenue is now expected to reach between $1.005bn and $1.025bn for full-year 2026, with adjusted EBITDA predicted to range from $285m to $295m.
Genius Sports’s share price currently sits at $8.36, at the time of writing, up 0.72% from market open.
Group CEO and founder Mark Locke said: “We continue to realise the benefits of the infrastructure we’ve spent years building. Advertisers are placing greater value on our combination of official data and audience, prediction markets are opening an entirely new avenue for growth, and our core betting business continues to outperform.
“As we continue to scale GeniusIQ, that foundation positions Genius to deliver durable long-term growth, profitability and cash generation.
“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.”
In April, the company announced the appointment of Tony Marlow as its new chief marketing officer.
The supplier was also able to secure major prediction market deals after wrapping up Q2, entering partnerships with both Kalshi and Polymarket earlier this week.
Speaking on the earnings call which followed the results announcement on 6 August, Locke explained the growth opportunity the prediction market space presents the company.
The CEO remarked: “Obviously our business has grown up on live betting and live data. Having the best data, and having the best collection technology is becoming increasingly important.
“Where there’s a lot of live betting, there’s the ability to upscale and to take new, higher quality, faster data feeds, which are highly relevant to the prediction markets. That’s a big opportunity, and we’re pretty unique in the sense our technology allows us to do that.
“There are better ways of collecting data using the technology we’ve invested in and the money we’ve spent over the last few years, which are highly relevant to prediction markets. Separately to that, pricing the volume of events that are happening now and creating those models is something we have a huge amount of history in.
“We’ve got all of the data, we’ve got those pricing models, and we’ve been doing it for a long time. We see it as a big growth opportunity to actually have our models and our data out there being used to create those new market opportunities,” he added.
The post Genius Sports exceeds initial guidance by recording $196m in Q2 revenue first appeared on EGR Intel.
Supplier’s betting arm “continues to outperform” during the quarter which saw the company complete its billion-dollar acquisition of Legend
The post Genius Sports exceeds initial guidance by recording $196m in Q2 revenue first appeared on EGR Intel.