Sportradar Group Ag Stock Price, News & Analysis

Sportradar Group AG (NASDAQ: SRAD) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the SEC on March 15, 2023. This report is accessible via the company's investor relations website and the SEC's website. Shareholders can request a free paper copy of the report containing audited financial statements. Founded in 2001, Sportradar is a leading global sports technology company, engaged in providing solutions for sports federations, news media, consumer platforms, and sports betting operators. The company maintains partnerships with major organizations like the NBA, FIFA, and NHL, offering services across nearly a million events annually.

Sportradar Group AG (NASDAQ: SRAD) reported a 30% increase in full year 2022 revenue, totaling €730.2 million, exceeding its annual outlook. Fourth quarter revenue rose 35% to €206.3 million, driven by a 77% growth in U.S. segment revenue and a positive Adjusted EBITDA for the second consecutive quarter. The company expects 2023 revenue growth of 24% to 26%, targeting €902.0 million to €920.0 million, and Adjusted EBITDA growth of 25% to 33%, aiming for €157.0 million to €167.0 million. Notable investments include AI technologies and new multi-year agreements with major sports organizations.

Sportradar, a subsidiary of Sportradar Group AG (NASDAQ: SRAD), has secured the global ATP data and betting streaming rights effective from 2024. This decision follows a rigorous RFP process led by Tennis Data Innovations (TDI), which began in January 2023 with five competing bidders. The contract spans six years and is expected to enhance Sportradar's innovative offerings, leveraging advanced technologies such as AI and computer vision for better engagement in tennis. The selection indicates TDI's belief in Sportradar's capabilities to support the growth of tennis and improve fan experiences through top-tier data products.

Sportradar Group AG (NASDAQ:SRAD) will announce its financial results for Q4 and the full year ended December 31, 2022, on March 15, 2023. An earnings call will follow at 8:00 a.m. EDT on the same day.

The company, a global leader in sports technology, offers services to sports federations, media outlets, and betting operators. Employing over 3,700 personnel across 20 countries, Sportradar partners with more than 1,700 clients in 120+ countries. It annually covers over 890,000 events across 92 sports, underscoring its commitment to providing reliable sports technology solutions.

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.