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 (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.
PANDA Interactive has filed amended complaints against Genius Sports (NYSE: GENI) and Sportradar, expanding its patent infringement lawsuit to include antitrust claims. The complaint alleges that both companies are engaging in anti-competitive practices by:
- Unlawfully tying access to exclusive official sports data with their betting technology
- Coercing sportsbooks into using their technology to access real-time league data
- Controlling data through exclusive agreements with major sports leagues (NBA, NFL, NHL, MLB, NCAA)
The lawsuit, originally filed in October 2023, accused the defendants of infringing PANDA's patents for ultra-low latency, interactive sports streaming and betting technology. PANDA is seeking a court order to stop these practices and pursuing damages for harm caused by the alleged unlawful conduct.
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.
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