Genius Sports Stock Earnings Reports

Genius Sports closed the Legend acquisition and reported a strong Q1 2026: group revenue growth of 31% and adjusted EBITDA growth of 21%, with Betting up 33% and Media up 22%. Management emphasized structural drivers: high net revenue retention (120–130%) across ~500 licensed sportsbook partners, selective focus on regulated operators, and contract structures that reduce earnings volatility. Media momentum centers on the newly launched Moment Engine (real-time, intent-driven ad targeting) and integrations with major programmatic players; Legend brings a large engaged audience and intent signals to accelerate performance media and iGaming acquisition. GeniusIQ and AI automation are positioned to reduce data-capture costs, speed product development and expand margins. CFO guidance (combined company effective May 1) calls for Q2 revenue of ~ $185M and adjusted EBITDA of ~$45M; FY2026 revenue of $990M–$1.01B and adjusted EBITDA of $270M–$280M, lifting the 2026 adjusted EBITDA margin expectation from 23% to 28%. Financing: an $825M Term Loan A at SOFR + 350 bps; management expects seasonally negative cash flow in H1 and roughly $100M total cash flow in H2 2026 (50–55% conversion of ~ $200M adjusted EBITDA in that period). Guidance does not yet include identified revenue synergies from the Legend deal (cross-sell, audience monetization, platform scaling, distribution), which management views as meaningful upside. Prediction markets are an early but material new ad/data opportunity; Genius expects to monetize through low-latency data feeds and its audience/identity stack. Overall message: the business is scaling, margins should expand materially, and the Legend acquisition accelerates the path to long-term targets while leaving upside from synergies and prediction markets largely unmodeled for 2026.