TLDR Genius Sports raised its full-year 2026 revenue and EBITDA guidance for the second time this year. Second quarter revenue reached $195.5 million, a 65% increase from last year and above the company’s own forecast. Net loss widened to $76.7 million, up from $53.9 million a year earlier, due to higher costs. Media technology revenue nearly tripled to $78.2 million, driven by the $1.2 billion Legend acquisition. New deals with Polymarket and Kalshi expand Genius Sports into prediction markets.
Genius Sports raised its full-year 2026 outlook again after a second quarter that saw strong revenue growth. The London-based sports data company posted results that beat its own guidance despite a wider net loss.
Revenue for the three months ending June 30 reached $195.5 million. That marked a 65% increase from the same period last year and topped the company’s forecast of $185 million.
The company also raised its adjusted EBITDA outlook for the year. Higher operating costs and tax payments pushed the quarterly net loss to $77 million.
Genius Sports now expects 2026 revenue between $1.01 billion and $1.03 billion. That is up from the previous range of $990 million to $1.01 billion set after the first quarter.
Adjusted EBITDA guidance also moved higher, to a range of $285 million to $295 million. The earlier estimate was $270 million to $280 million.
Founder and CEO Mark Locke said the company continues to benefit from years of infrastructure investment. He pointed to growing advertiser demand and new opportunities in prediction markets.
Locke said the business exceeded guidance on revenue, adjusted EBITDA and cash in its first quarter as a combined company. He credited early benefits from the Legend integration.
Media Technology Revenue Nearly Triples
Genius Sports’ media technology division saw the fastest growth in the quarter. Revenue in