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 (NASDAQ: SRAD) is a global sports technology company that regularly issues news about its operations at the intersection of sports, media and betting. Founded in 2001 and headquartered in St. Gallen, Switzerland, the company works with sports federations, media organizations, consumer platforms and sports betting operators, and its news flow reflects developments across this broad ecosystem.
On this page, readers can follow company announcements about financial results, partnerships, product launches and corporate actions. Sportradar frequently publishes quarterly financial and operating results, accompanied by detailed commentary on revenue by product category and geography, non-IFRS measures such as Adjusted EBITDA, and updates on its share repurchase program. These releases provide insight into trends in areas like Betting Technology & Solutions and Sports Content, Technology & Services.
News items also cover Sportradar’s agreements with major sports organizations and media partners. Recent examples include expanded collaborations with Bundesliga International, rights and data partnerships related to the FIFA Club World Cup 2025 alongside DAZN, and the completion of the acquisition of IMG ARENA and its global sports betting rights portfolio. The company also reports on the introduction of products such as 4Sight streaming, emBET, Live Player Markets and responsible gaming tools like Bettor Sense.
Corporate governance and recognition are additional themes in Sportradar’s news. Filings and press releases have highlighted board appointments, regulatory milestones for acquisitions and industry awards such as Data Service Provider of the Year at the American Gambling Awards. Investors, analysts and industry participants can use this news feed to monitor how Sportradar’s partnerships, technology initiatives and financial performance evolve over time.
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.
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.