Sportradar Group Ag Stock Price, News & Analysis

Major League Baseball (MLB) and Sportradar (NASDAQ: SRAD) have announced an expanded exclusive partnership through 2032, starting from the 2025 season. The deal includes MLB acquiring an equity stake in Sportradar, with the issuance of up to 1,855,724 Class A ordinary shares.

Under the agreement, Sportradar will exclusively distribute MLB's ultra-low latency official data, media content, MLB Statcast Data, and audiovisual content across its network of 800 sportsbook clients and 900 media companies. The partnership aims to leverage growing baseball popularity in Latin America and Asia, alongside increasing sports betting legalization.

Sportradar will continue providing integrity services through its Universal Fraud Detection System (UFDS) to monitor betting activity. The companies will collaborate on developing AI-driven products using player tracking data for enhanced fan experiences. The deal is immediately accretive to Sportradar's business.

Sportradar Group AG (NASDAQ: SRAD), a leading global sports technology company, has announced its upcoming Investor Day scheduled for Tuesday, April 1, 2025, in New York City. The event will feature presentations from CEO Carsten Koerl, CFO Craig Felenstein, and senior business leaders, focusing on business strategy, growth drivers, and financial outlook.

The presentations will run from 9:00 AM to 12:00 PM Eastern Time, concluding with a Q&A session with senior leadership. While in-person attendance is invitation-only for institutional investors and analysts due to capacity, virtual attendance is available through registration at investorday2025.sportradar.com. Registration details for in-person attendance will be provided in the upcoming weeks.

Sportradar Integrity Services reported a significant decline in match-fixing incidents during 2024, with 1,108 suspicious matches identified across 850,000 monitored events in 70 sports, marking a 17% decrease from 2023. Europe, historically the most affected region, saw a 34% reduction with 439 suspicious matches, while Africa experienced a 36% decrease with 69 cases.

Soccer, the world's most popular sport, recorded 721 suspicious matches, an 18% reduction from 2023. Notably, Brazilian soccer showed a substantial improvement with a 48% decrease, dropping from 110 to 57 suspicious matches.

The company utilized its Universal Fraud Detection System (UFDS), combining AI and advanced data analytics to monitor competitions and identify irregular betting patterns. During 2024, Sportradar provided integrity support for major events including the IOC Summer Olympics, UEFA EURO 2024, and CONMEBOL Copa America 2024.

Sportradar Group AG (NASDAQ: SRAD), a global sports technology company specializing in immersive experiences for sports fans and bettors, has announced its participation in the upcoming UBS Media & Communications Conference. The company's Chief Financial Officer, Craig Felenstein, will engage in a fireside chat scheduled for Tuesday, December 10th, 2024, at 1:30 PM Eastern Time. Interested parties can access the webcast through the company's investor relations website at investors.sportradar.com.

Sportradar Group AG (NASDAQ: SRAD), a global sports technology company, announced its participation in the Morgan Stanley Consumer & Retail Conference. Chief Financial Officer Craig Felenstein will join a fireside chat on Wednesday, December 4th, 2024 at 2:15 pm eastern time. The event will be accessible via webcast through the company's investor relations website at investors.sportradar.com.

Sportradar (NASDAQ: SRAD) has launched generative AI audio, a new feature within its ad:s multi-channel marketing service. This innovative tool combines gen AI with Sportradar's live data to create automated, personalized, real-time audio advertisements for sportsbook and casino operators.

The technology automatically generates customized adverts featuring live-data updates on odds, jackpots, and upcoming events, targeting podcast streaming services and internet radio networks. This addition complements Sportradar's existing marketing services across programmatic display, video, digital-out-of-home, paid social media, search, sponsorships, and affiliate marketing.

Sportradar (NASDAQ: SRAD) has secured a multiyear agreement with Major League Baseball (MLB) to provide sports performance analysis of amateur baseball prospects through its Synergy Coaching and Scouting solution. The partnership will significantly expand event coverage from 3,300 to over 20,000 games, marking a 600% increase. This includes coverage of college, international, professional partner leagues, and top high school events.

The solution leverages Sportradar's AI-powered technology to transform video data into detailed metrics and actionable insights, helping MLB and its 30 Clubs streamline player evaluation and draft decisions. The partnership represents an expansion of Sportradar's relationship with MLB, providing comprehensive scouting tools for identifying future talent.

Sportradar (NASDAQ: SRAD) reported strong Q3 2024 financial results with revenue increasing 27% to €255 million. Profit for the period rose significantly to €37 million, representing 14.5% of revenue. Adjusted EBITDA grew 30% to €66 million with margin expanding to 25.8%. The company demonstrated robust performance with net cash from operations up 55% to €118 million and Customer Net Retention Rate at 126%. US revenue grew 46%, representing 20% of total revenue. Based on these results, Sportradar raised its full-year 2024 guidance, expecting revenue growth of at least 24% to €1,090 million and Adjusted EBITDA growth of at least 29% to €216 million.

Sportradar (NASDAQ: SRAD) is enhancing its partnership with the NBA through innovative fan engagement solutions. These new offerings aim to fuel the passion of the league's two billion global fans and represent the next phase in basketball consumption. Leveraging AI and proprietary technology, Sportradar has launched a suite of next-generation products for the NBA, including:

1. Virtualized Live Match Tracker: Uses computer vision to create 3D visualizations from real-time NBA data.
2. 4Sight Streaming: Generates animated overlays and actionable insights for informed real-time betting decisions.
3. NBA Advanced Visualizations: Creates engaging content using skeletal tracking data.
4. emBET: Allows bettors to monitor wagers on various devices.

These products aim to redefine fan engagement standards and open new revenue streams for the NBA, its partners, and Sportradar clients.