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Sportradar Group AG - $SRAD STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sportradar Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sportradar Group's position in the market.

Rhea-AI Summary

Sportradar announced the appointment of Behshad Behzadi as the Chief Technology Officer and Chief Artificial Intelligence Officer. Behzadi will drive AI adoption and product development, enhancing personalized experiences for sports fans. With over 20 years of experience at Google, Behzadi brings expertise in AI, machine learning, and generative AI to optimize processes and drive innovation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
management
-
Rhea-AI Summary
Sportradar Group AG (NASDAQ: SRAD) will release its first quarter financial results on May 15, 2024. An earnings call via webcast will be held to discuss the results at 8:30 a.m. ET on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
-
Rhea-AI Summary
Sportradar Group AG (NASDAQ: SRAD) appoints Craig Felenstein as Chief Financial Officer, bringing nearly 30 years of experience in senior finance roles for US publicly listed companies. Felenstein will lead global finance, accounting, and investor relations functions, aiming to advance strategic initiatives and business growth. He joins from Lindblad Expeditions and will report directly to Sportradar CEO Carsten Koerl, based in New York.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
management
Rhea-AI Summary
Sportradar (NASDAQ: SRAD) partners with Oddin.gg to provide audiovisual streaming of exclusive esports content, aiming to tap into the €83 billion esports betting market. The deal enhances Oddin.gg's reach and offers Sportradar's betting operator clients a wider variety of live streamed esports events, boosting engagement and market opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
-
Rhea-AI Summary
Sportradar Group AG (SRAD) filed its annual report on Form 20-F for the fiscal year 2023 with the SEC. Shareholders can access the report online or request a paper copy for free. The Company's financial statements are audited and available for review.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.3%
Tags
none
-
Rhea-AI Summary
Sportradar Group AG (SRAD) reports record results for fiscal 2023, with a 20% revenue growth and a 33% increase in Adjusted EBITDA. The company plans to target a 20% revenue growth in 2024 and has authorized a $200 million share repurchase program. Key highlights include revenue growth from Rest of World Betting and the U.S., improved profitability, and margin expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.3%
Tags
Rhea-AI Summary
Sportradar (SRAD) and the NBA partner to introduce advanced betting features in NBA League Pass, enhancing fan experience. The integration of emBET into the streaming service enables seamless access to sports betting content like point spreads and money lines, directing users to official betting partners FanDuel and DraftKings. This collaboration aims to revolutionize in-play betting and create personalized viewing experiences for NBA fans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
none
-
Rhea-AI Summary
Sportradar Group AG (SRAD) will release its Q4 financial and operating results on March 20, 2024. An earnings call via webcast will discuss the results at 8:30 a.m. ET. Access the webcast on Sportradar's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
Tags
-
Rhea-AI Summary
Sportradar (NASDAQ: SRAD) has achieved PwC ISAE 3402 Type1 certification for its Alpha Odds automated odds recalculation tool, resulting in a 10% average profit increase for clients in 2023. The tool, leveraging advanced artificial intelligence capabilities, allows operators to generate bespoke betting prices and adjust them in real-time to maximize trading efficiency. The financial reconciliation aspect of Alpha Odds has been independently certified by auditors PwC, providing clients with visibility of key processes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.49%
Tags
none
Rhea-AI Summary
Sportradar Group AG (NASDAQ: SRAD) announced strategic actions to enhance focus on clients and partners, drive global innovation, and streamline its organizational structure. The new global organization and leadership structure aims to foster greater collaboration, faster decision making, and increased innovation across the business. The company reaffirmed its fiscal 2023 guidance and fiscal 2024 outlook, with revenue growth between 19% and 21% and Adjusted EBITDA growth between 29% and 33%. The new organizational structure consists of six business functions, with changes in key leadership positions. The company is also initiating a search for its next CFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.26%
Tags
none
Sportradar Group AG

Nasdaq:SRAD

SRAD Rankings

SRAD Stock Data

2.79B
169.10M
2.22%
81.53%
1.15%
Casinos (except Casino Hotels)
Arts, Entertainment, and Recreation
Link
United States of America
Sankt Gallen

About SRAD

sportradar is a global leader in understanding and leveraging the power of sports data and digital content for its clients around the world. we provide cutting-edge solutions and services to media companies, bookmakers, sports federations and state authorities. we are a truly international organisation, employing over 1,650 people in more than 30 locations around the world. it is our commitment to excellent service, quality and reliability that makes us the trusted partner of more than 1,000 companies in over 80 countries. www.sportradar.com www.betradar.com www.integrity.sportradar.com