Genius Sports Revenue Surges 65% in First Quarter With Legend

Genius Sports posted second-quarter revenue of $195.5 million on Thursday, up 64.7% from a year earlier and ahead of the company's $185 million guidance. It was the first quarter reflecting the combination with Legend, whose contribution helped the media technology, content and services division grow nearly 193% to $78.2 million.

The growth came with a wider bottom-line loss: the net loss increased 42% year over year to $76.7 million, bringing the first-half loss to $132.2 million. Management expressed confidence in the trajectory of the combined business.

The company raised its full-year outlook, guiding to roughly $260 million in revenue and $85 million in adjusted EBITDA for the third quarter and $285 million to $295 million in group adjusted EBITDA for 2026.