Welcome to our dedicated page for Sportradar Group news (Ticker: SRAD), a resource for investors and traders seeking the latest updates and insights on Sportradar Group stock.
Sportradar Group AG (SRAD) is a global leader in sports data intelligence and betting technology solutions, powering engagement for sports federations, media companies, and regulated betting operators worldwide. This dedicated news hub provides direct access to official corporate announcements and strategic developments shaping the sports technology landscape.
Investors and industry professionals will find comprehensive coverage of financial results, product innovations, and partnership expansions alongside updates on integrity initiatives and AI-driven platform enhancements. Our curated feed ensures timely access to material developments affecting Sportradar's position in sports data distribution and managed trading services.
Key news categories include earnings disclosures, technology patent filings, sports federation collaborations, and regulatory compliance updates. All content is sourced directly from verified corporate communications to maintain accuracy and relevance for stakeholders.
Bookmark this page for streamlined monitoring of Sportradar's advancements in real-time odds optimization, anti-fraud systems, and next-generation fan engagement tools. Visit regularly to stay informed about critical developments impacting the global sports technology ecosystem.
Sportradar Group AG (NASDAQ: SRAD) has announced the pricing of a secondary public offering of 23,000,000 Class A ordinary shares at $22.50 per share. The offering is being conducted by selling shareholders including Canada Pension Plan Investment Board, TCV, and CEO Carsten Koerl.
The underwriters have a 30-day option to purchase an additional 3,450,000 shares. Concurrent with the offering, Sportradar will repurchase 3,000,000 shares at the same price, as part of its existing $200 million share repurchase program, using cash on hand.
The secondary offering is expected to close on April 25, 2025, with Goldman Sachs and J.P. Morgan acting as lead book-running managers. Sportradar will not receive any proceeds from the secondary offering, and underwriters will not receive fees for shares being repurchased by the company.
Sportradar (NASDAQ: SRAD) has released preliminary unaudited financial results for Q1 2025. The sports technology company reported estimated revenue between €307-311 million, with profit ranging from €20-24 million. Adjusted EBITDA is expected to be between €56-58 million.
The company will announce its complete Q1 2025 financial and operating results on May 12, 2025, followed by an earnings call at 8:30 a.m. Eastern time. These preliminary figures are based on management's initial analysis and haven't been reviewed by the company's independent registered accounting firm. Final results may require adjustments to these preliminary numbers.
Sportradar Group AG (Nasdaq: SRAD) has announced a significant secondary public offering of 23,000,000 Class A ordinary shares by major shareholders including Canada Pension Plan Investment Board, Technology Crossover Ventures, and CEO Carsten Koerl. The underwriters have a 30-day option to purchase an additional 3,450,000 shares.
Concurrent with this offering, Sportradar has authorized the purchase of 3,000,000 Class A ordinary shares from underwriters, up to $75 million, as part of its existing $200 million share repurchase program. The company will fund this repurchase with cash on hand.
Goldman Sachs & Co. and J.P. Morgan are serving as joint book-running managers for the secondary offering. The shelf registration statement became effective on April 22, 2025. Notably, Sportradar will not receive any proceeds from this secondary offering, as the company is not selling any shares directly.
Sportradar (NASDAQ: SRAD) unveiled its growth strategy and financial outlook during its Investor Day, highlighting ambitious targets through 2027. The company projects a 15% CAGR in revenue, targeting at least €1.7 billion, alongside an Adjusted EBITDA of €455 million representing a 27% CAGR.
The sports technology leader serves over 2,100 clients worldwide and anticipates expanding its Adjusted EBITDA margin by 700 basis points. The company expects to generate approximately €275 million in free cash flow, with conversion reaching at least 60% by 2027.
The presentation features insights from industry leaders including NBA Commissioner Adam Silver, NHL Commissioner Gary Bettman, and executives from DraftKings and Kaizen Gaming. Sportradar emphasizes its position in the growing global sports betting market, highlighting opportunities in adjacent markets including online casino with a $2 billion serviceable addressable market.
Sportradar Group AG (NASDAQ: SRAD) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission on March 20, 2025.
The report is accessible through the company's investor relations website at investors.sportradar.com or the SEC's website at www.sec.gov. Shareholders can request a free paper copy of the annual report containing audited consolidated financial statements by emailing investor.relations@sportradar.com or sending a written request to Sportradar's headquarters in St. Gallen, Switzerland.
Sportradar (NASDAQ: SRAD) has announced a definitive agreement to acquire IMG ARENA from Endeavor Group Holdings. The acquisition includes IMG ARENA's global sports betting rights portfolio, comprising relationships with over 70 rightsholders covering approximately 39,000 official data events and 30,000 streaming events across 14 global sports.
The unique transaction structure requires no financial consideration from Sportradar, instead providing $225 million in financial consideration, with $125 million paid to Sportradar and up to $100 million in cash prepayments by Endeavor to certain rightsholders.
The acquisition strengthens Sportradar's position in the most bet-upon global sports, with basketball, soccer, and tennis accounting for approximately 70% of the rights. Notable properties include Wimbledon, U.S. Open, Roland-Garros, Major League Soccer, EuroLeague basketball, and PGA Tour. The deal is expected to close in Q4 2025, subject to regulatory approvals.
Sportradar (NASDAQ: SRAD) reported strong financial results for Q4 and full year 2024, with annual revenue increasing 26% to €1,107 million. The company achieved a profit of €34 million for the year, while Adjusted EBITDA grew 33% to €222 million with margin expansion to 20.1%.
Key highlights include:
- Customer Net Retention Rate increased to 127%
- Implemented $200 million share repurchase plan, with $20.3 million purchased
- Net cash from operating activities up 36% to €353 million
- Free cash flow increased 133% to €118 million
The company announced a significant agreement to acquire IMG ARENA and its sports betting rights portfolio. The deal, valued at $225 million, will enhance Sportradar's content offering in major betting sports globally. The transaction is expected to close in Q4 2025.
For 2025, Sportradar projects revenue of at least €1,273 million (15% growth) and Adjusted EBITDA of minimum €281 million (26% growth), with margin expansion of at least 200 basis points.
Sportradar Group AG (NASDAQ: SRAD) has scheduled the release of its fourth quarter and full year 2024 financial and operating results for Wednesday, March 19, 2025. The company will host an earnings webcast at 8:30 a.m. Eastern time on the same day to discuss the results.
Investors and interested parties can access the earnings webcast through Sportradar's Investor Relations website at https://investors.sportradar.com. A replay of the webcast will be available on the website for one year following the event.
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