Sportradar Group Ag Stock Price, News & Analysis

Sportradar (NASDAQ: SRAD) announced the appointment of Severine Riviere as Chief People Officer, effective immediately. With over 20 years of experience in global human resource management, Riviere will oversee Sportradar's human resources strategy, focusing on talent management and workplace culture. She previously served as Chief Human Resources Officer at Fyffes International, where she improved operational efficiency. CEO Carsten Koerl expressed confidence in Riviere's impact on the company's culture and transformation. Sportradar is a leading global sports technology company committed to enhancing the sports fan experience and providing reliable services.

Sportradar Group AG (NASDAQ:SRAD) announced that Andrew Bimson, President and COO for North America, will participate in the 25th Annual Needham Growth Conference on January 10, 2023, at 8:45 a.m. EST. The event will feature a fireside chat, providing insights into Sportradar's operations and future prospects. Interested parties can access the webcast and replay through the company's investor relations page. Sportradar is a leader in sports technology with over 3,700 employees, supporting more than 1,700 customers globally.

Sportradar Group AG (NASDAQ:SRAD) will have its CEO Carsten Koerl and interim CFO Ulrich Harmuth participate in the UBS Global TMT Conference on December 5, 2022. Established in 2001, Sportradar is a leading global sports technology company, providing solutions for sports federations, media, and betting operators. The company covers over 890,000 events across 92 sports and supports more than 1,700 clients globally. Sportradar is a trusted partner for major sports organizations, including the NBA and FIFA, and employs over 3,700 people in 20 countries.

Sportradar Group AG (NASDAQ: SRAD) reported strong third-quarter financial results for 2022, with revenue of €178.8 million, a 31% increase year-over-year. The U.S. segment achieved a remarkable 61% revenue growth to €31.6 million, marking its first quarterly profitability with a 11% Adjusted EBITDA margin. For the full year, Sportradar raised its revenue guidance to €718.0 million - €723.0 million and narrowed Adjusted EBITDA expectations to €124.0 million - €127.0 million. The company's growth is bolstered by strategic partnerships and consistent market expansion.

Sportradar (NASDAQ: SRAD) has announced a new partnership with FanDuel Group, extending their official NBA data agreement through the 2030-31 season. This deal allows Sportradar to provide FanDuel with official NBA data and innovative betting products. Notably, FanDuel becomes the first North American operator to utilize Sportradar’s NBA data. The collaboration aims to enhance sports betting experiences, incorporating player tracking data for new betting options. Sportradar's CEO highlighted the partnership's significance in advancing sports betting markets in the U.S.

Sportradar (NASDAQ: SRAD) has launched a revamped NHL.TV, the NHL's international OTT subscription service, coinciding with the 2022-23 NHL season. The service is available in over 120 countries, providing personalized viewing experiences with live game streams, highlights, and on-demand content. Sportradar is responsible for the entire workflow of NHL.TV, enhancing user experience across various platforms. This initiative follows a 10-year partnership with the NHL, granting Sportradar data and streaming rights, while also safeguarding competition integrity.

Sportradar Group AG (NASDAQ:SRAD) will announce its third quarter financial and operating results on November 16, 2022, followed by an earnings call at 8:00 a.m. ET. The call will be accessible via Sportradar’s Investor Relations website.

As a leading global sports technology company, Sportradar provides solutions to sports federations and betting operators, covering over 890,000 events across 92 sports annually, and partners with major leagues like the NBA and FIFA.

Sportradar Group AG (NASDAQ: SRAD) reported a 23% increase in overall revenue to €177.2 million for Q2 2022, driven by a 66% surge in U.S. revenue, reaching €29.1 million. Despite these gains, Adjusted EBITDA decreased by 13% to €27.6 million, with a margin drop to 16%. The company upgraded its 2022 revenue outlook to €695-715 million, reflecting growth of 24% to 27% year-over-year. Cash and equivalents stood at €715.6 million, and net retention was strong at 115%. Notably, the CFO announced his departure, with Ulrich Harmuth appointed interim CFO.

Sportradar has launched Virtual NBA, a new AI-driven betting solution as part of its ongoing partnership with the NBA. This innovative platform offers gaming operators approximately 3,000 gaming opportunities daily, with each game featuring 12 betting markets. The system utilizes NBA data to create realistic basketball simulations, providing a rich experience for fans, even during the off-season. With a successful track record of virtual betting, Sportradar aims to enhance fan engagement and betting options globally across licensed jurisdictions.