The strong Q2 beat and raised full-year outlook signal accelerating momentum from the Legend acquisition and core Betting business. Watch for continued execution against Q3 guidance ($260M revenue, $85M EBITDA) and any updates on Legend synergies or prediction markets expansion. The $785M debt load and ongoing litigation (Sportscastr patent trial in September 2026) are key risks to monitor.
Price Chart
Executive Summary
Genius Sports reported Q2 2026 revenue of $195.5M and Adjusted EBITDA of $52.6M, beating guidance of $185M and $45M respectively. The company raised its full-year 2026 revenue guidance to $1.005B-$1.025B (from $990M-$1.010B) and Adjusted EBITDA guidance to $285M-$295M (from $270M-$280M), driven by strong Betting segment growth (+28% YoY) and the contribution from the recently closed Legend acquisition, which boosted Media revenue 193% YoY.
Key Facts
- Q2 2026 revenue of $195.5M exceeded guidance of $185M
- Q2 2026 Adjusted EBITDA of $52.6M exceeded guidance of $45M
- Full-year 2026 revenue guidance raised to $1.005B-$1.025B from $990M-$1.010B
- Full-year 2026 Adjusted EBITDA guidance raised to $285M-$295M from $270M-$280M
- Betting Technology, Content & Services revenue grew 28% YoY to $117.4M
- Media Technology, Content & Services revenue grew 193% YoY to $78.2M, driven by Legend acquisition
- Net loss widened to $76.7M from $53.9M YoY due to $28.9M transaction expenses, $13.8M net interest expense, and $8.0M contingent consideration loss
- Legend acquisition closed April 30, 2026 for total consideration of $844.4M
- Cash balance of $155.1M and total debt of $785.3M as of June 30, 2026
- Q3 2026 guidance: revenue ~$260M and Adjusted EBITDA ~$85M
Financial Impact
Revenue beat guidance by ~$10.5M (5.7%); Adjusted EBITDA beat guidance by ~$7.6M (16.9%); full-year guidance raised by $15M at midpoint for revenue and $15M for EBITDA
Risk Factors
- High debt load of $785.3M from Legend acquisition increases financial leverage and interest expense
- Ongoing Sportscastr patent infringement trial scheduled for September 2026 with potential injunction risk
- Sage & Thompson litigation alleging addictive platform design could create reputational and monetary exposure
- Foreign exchange exposure with ~$8.8M revenue sensitivity per 10% USD appreciation
- Integration risk from Legend acquisition and potential earn-out dilution (up to $300M in contingent consideration)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-336663 |
| Document: geni-ex99_2.htm | 0001193125-26-336663 |
| Document: geni_6-k_q2_26.htm | 0001193125-26-336663 |
| Document: 0001193125-26-336663-index-headers.html | 0001193125-26-336663 |
| Document: 0001193125-26-336663-index.html | 0001193125-26-336663 |
| Document: 0001193125-26-336663.txt | 0001193125-26-336663 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 17, 2026 5w ago | Insider Cluster | $5.64 $6.35 | ▼ −12.59% | ▼ −12.38% | $6.32 (−12.06%) |
Aug 6, 2026 11w ago | 6-K | $7.83 $7.63 | ▼ −2.55% | ▼ −3.15% | $6.32 (−19.28%) |
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