Genius Sports has revealed that it has completed the $1.2 billion worth acquisition of sports media company Legend.Genius Sports announced the $1.2 billion acquisition of...
Genius Sports generates $187.9M in Q1 2026 revenue
Genius Sports has announced its Q1 2026 results, revealing that the company’s quarterly revenue increased by 31% year-on-year and reached $187.9 million.
The main drivers of the growth were the Betting Technology, Content, and Services sector at $146.2 million, representing a 33% rise, and the Media Technology, Content, and Services sector with a 22% revenue increase to $41.7 million.
Adjusted EBITDA stood at $24 million for the quarter, which was a 21% rise compared to Q1 2025’s $19.8 million, while adjusted EBITDA margin was 12.8%.
Operating expenses jumped by 55% to $86.5 million, with data and streaming rights costs going up to $85.6 million, which boosted the total cost of revenue by 33%.
Mark Locke, CEO of Genius Sports, commented:
“Our first-quarter results underscore the durability and visibility of our business model, with strong revenue growth across both Betting and Media driven by long-term contracts, expanding customer relationships, and delivery of new products across the global sports and betting ecosystem. With the acquisition of Legend now complete, we are expanding our platform deeper into fan engagement and participation, creating new opportunities across sports, media, and iGaming. The combination strengthens our long-term growth profile, enhances monetization across our ecosystem, and is expected to drive meaningful margin expansion and cash flow over time.”
On the other hand, group net less comprised $55.5 million, which was a notable increase compared to 2025’s $8.2 million.
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