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 announces developments as a sports technology company serving the sports, media and betting industries. The company provides sports data, content, odds, audiovisual products, managed betting services and integrity services to sports federations, media operators, consumer platforms and sports betting operators.
Recurring updates cover financial and operating results across Betting Technology & Solutions and Sports Content, Technology & Services, official data and in-play betting partnerships, iGaming initiatives including Playradar, and capital actions such as share repurchase programs. Company news also reflects completed portfolio additions such as ARENA and leadership updates across the organization.
Sportradar (NASDAQ: SRAD) announced the appointment of Rima Hyder as Senior Vice President, Head of Investor Relations, effective immediately. With nearly 20 years of experience, she aims to enhance investor communication during a pivotal growth phase for Sportradar. Hyder previously held senior roles at FactSet and Houghton Mifflin Harcourt, where she led significant investor relations initiatives. CFO Alex Gersh expressed optimism about Hyder's leadership as the company pursues ambitious goals. Sportradar operates at the intersection of sports, media, and betting, serving over 1,600 clients globally.
Sportradar has announced a new multi-year sports betting partnership with PointsBet, making it PointsBet’s preferred supplier for MLB, NBA, NHL, and college sports data.
This deal marks Sportradar's sixth such agreement with a multi-state U.S. betting operator in 2021, further solidifying its position as a leading provider of real-time sports data. The partnership includes pre-match and live betting services, enhancing PointsBet’s in-play betting capabilities.
Both companies aim to leverage the growing popularity of in-play betting in the U.S.
Sportradar Group AG (NASDAQ: SRAD) has expanded its partnership with the NBA, WNBA, and NBA G League to become the exclusive worldwide provider of their data.
This multiyear agreement, effective from the 2023-24 NBA season, includes an equity stake for the NBA in Sportradar and enhanced rights for player tracking data. The partnership aims to increase fan engagement and improve the fan experience through innovative data products.
The deal builds on a relationship initiated in 2016 and underscores Sportradar's commitment to supporting the leagues in navigating the global sports betting landscape.
Sportradar Group AG (NASDAQ: SRAD) reported a strong 30% revenue increase to €136.8 million in Q3 2021, compared to Q3 2020. The U.S. market drove this growth, with a 119% rise in U.S. revenue to €19.6 million. Adjusted EBITDA rose 21% to €20.9 million, despite IPO-related costs impacting margins. The company’s Dollar-Based Net Retention Rate improved to 128%. With a solid cash position of €768.4 million and total liquidity of €878.4 million, Sportradar projects full-year revenue of €553-555 million, reflecting a growth of up to 37.1%.
Sportradar has entered into a multi-year agreement with the International Handball Federation (IHF) to provide integrity monitoring for global handball events. Utilizing the Universal Fraud Detection System (UFDS), Sportradar will monitor betting patterns for major events including the World Championships and the IHF Super Globe. Their experience highlights a significant record of detecting suspicious matches, with over 6,500 incidents noted since inception, emphasizing the importance of safeguarding sports integrity. This partnership aims to enhance integrity measures across all levels of handball.
FIBA 3x3 has partnered with Sportradar (NASDAQ: SRAD) to ensure competitive integrity in its basketball competitions through the Universal Fraud Detection System (UFDS). This initial one-year agreement will monitor over 2,800 games each season, including major events like the World Cup and Zone Cups. The UFDS will analyze betting patterns to identify irregularities, helping combat match-fixing. Sportradar will provide these services at no cost, emphasizing their commitment to safeguarding sports integrity.
Sportradar has secured agreements with the EasyCredit Basketball Bundesliga and the Slovak Basketball Association to implement its Universal Fraud Detection System (UFDS) to enhance competition integrity. This two-year deal will cover approximately 650 matches across various competitions, with Sportradar supplying monitoring and investigative services at no cost. The UFDS, recognized for its effectiveness in combatting match-fixing, will provide essential insights into betting patterns. Industry executives from both organizations highlighted the significance of this partnership in safeguarding fair play.
Sportradar Group AG (NASDAQ: SRAD) has obtained an Online Gaming Service Provider license in Connecticut and renewed its Sports Wagering Supplier license in West Virginia. With a total of 20 licenses in the US, Sportradar aims to enhance the integrity and accuracy of sports data for state-run betting agencies. CEO Arne Rees stated that these licenses reflect the company's commitment to high-quality services and ethical standards as the sports betting market expands in the US. Connecticut recently launched online betting in October 2021, marking its entry into the sports wagering landscape.
Sportradar Group AG (NASDAQ:SRAD) announced that its CEO Carsten Koerl and CFO Alex Gersh will present at two significant events: the Canaccord Digital Gaming Summit on November 30, 2021 and the Jefferies Sports Betting & iGaming Summit on December 1, 2021. Live webcasts and replays will be accessible via Sportradar’s Investor Relations website. Furthermore, management will hold one-on-one and small group meetings with investors, enhancing engagement opportunities.
Sportradar has secured a landmark agreement to distribute betting data rights for UEFA competitions, including the UEFA Champions League and EURO 2024. This exclusive deal, valid from the 2021/22 season through 2023/24, covers 1,550 matches across various UEFA events. As part of this partnership, Sportradar extends its role as UEFA's official integrity partner, providing bet monitoring services to safeguard against match-fixing. This collaboration enhances Sportradar’s existing rights portfolio and reinforces its position in the sports technology industry.