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) has launched the Sportradar Integrity Exchange, a new network enabling bookmakers to report suspicious betting activity, enhancing global match-fixing investigations. This initiative is offered at no charge and includes access to exclusive data, integrity expertise, and educational resources. Sportradar Integrity Services, recognized as the leader in sports integrity, has identified over 6,600 suspicious matches in 17 years and detected 903 in 2021 alone. The exchange aims to foster bookmaker contributions to combat match-fixing, furthering Sportradar's integrity mission.
Sportradar Group AG (NASDAQ: SRAD) announced that its subsidiary has received a gaming supplier registration for online/mobile wagering from the Alcohol and Gaming Commission of Ontario. This follows Ontario's launch of legalized sports betting and iGaming on April 4, 2022. Sportradar now holds 36 licenses in North America, ensuring its data services are delivered to various gaming agencies. The company continues to expand its integration within the sports, media, and betting industries, partnering with major North American sports leagues.
Sportradar Group AG (NASDAQ: SRAD) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on March 31, 2022. This report can be accessed via the company’s investor relations site or the SEC’s website. Sportradar, a global sports technology leader, supports over 1,700 clients in 120 countries, covering 890,000 events across 92 sports annually. The company emphasizes its commitment to quality and reliability, partnering with prominent sports organizations like NBA and FIFA.
Sportradar Group AG (NASDAQ: SRAD) reported a significant growth in Q4 2021 with a revenue increase of 41% to €152.4 million and a full-year revenue increase of 39% to €561.2 million, surpassing expectations. Adjusted EBITDA for the full year rose 33% to €102.0 million, while cash reserves stood at €742.8 million. The company anticipates a 2022 revenue growth of 18% to 25%, reaching €665 million to €700 million. Notably, Sportradar secured multiyear partnerships with major leagues including the NHL and NBA, enhancing its market position as a leading technology provider in sports betting.
Sportradar Integrity Services reported a record number of suspicious matches in 2021, with 903 cases detected—an increase of 2.4% from the previous high in 2019. This surge coincided with a global betting turnover exceeding €1.45 trillion, generating approximately €165 million from match-fixing profits. Soccer was the most affected sport, with significant issues in lower-tier competitions. Sportradar is committed to integrity, supporting 65 sanctions and emphasizing the need for education to combat match-fixing further.
Sportradar Group AG (NASDAQ:SRAD) will announce its fourth quarter fiscal 2021 results on March 30, 2022, concluding on December 31, 2021. The company will hold a conference call at 8:00 a.m. ET on the same day to discuss these results. Interested participants can join via the company's Investor Relations website or by telephone. Sportradar operates in sports technology, serving over 1,600 customers globally, including major sports leagues such as NBA, NHL, and FIFA, covering over 750,000 events annually.
The United States Football League (USFL) has entered a multi-year partnership with Sportradar (NASDAQ: SRAD) as its official sports data and integrity partner. Effective April 2022, Sportradar will enhance data collection and delivery systems for the league while also monitoring betting activities. This collaboration aims to strengthen the USFL's brand amid the growing sports wagering market, with over 60% of Americans in legal betting states. The USFL will begin play on April 16 with eight teams, fostering opportunities for over 360 athletes.
Sportradar has extended its partnership with Bundesliga International for five more years, continuing as the official betting and streaming rights provider for Bundesliga and Bundesliga 2 until 2025-26. This agreement allows Sportradar to sublicense rights to sportsbooks globally and enhances fan engagement through AI-driven tools. Fans will gain access to video clips and an innovative Virtual Sports Bundesliga gaming solution featuring highlights from 3,500 matches. The Bundesliga, with over 1 billion global fans, remains a leading football league.
Sportradar Group AG (NASDAQ: SRAD) announced its participation in the Needham Virtual Growth Conference on January 10, 2022. CEO Carsten Koerl and CFO Alex Gersh will be available for one-on-one and small group meetings with investors.
As a leading global sports technology company, Sportradar creates immersive experiences for sports fans and bettors. With over 2,300 employees across 19 countries, Sportradar serves more than 1,600 customers globally, covering 750,000 events annually across 83 sports.
Sportradar Group AG (NASDAQ: SRAD) recently announced significant accolades recognizing CEO Carsten Koerl's leadership as the company transitions into a publicly traded entity. On December 14, SBC awarded Koerl as “Leader of the Year,” alongside recognition for Betradar as Platform Provider of the Year and other product awards. Koerl's influence in developing technology for the booming U.S. sports betting market, projected to rise from $1B in 2019 to $23B over the next decade, further solidifies Sportradar's position as a key player in the sports and betting industries.
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