Sportradar Group AG

Sportradar Group AG engages in the provision of sports betting and entertainment products and services. The company operates trough the following reportable segments: Rest of the World Betting, RoW AV, United States, and Other. The Rest of the World Betting segment include betting and gaming solutions. The RoW Betting AV segment provides live streaming solutions for online, mobile, and retail sports betting. The United States Segment focuses in the sports entertainment, betting, and gaming in the United States. The company was founded by Carsten Marcus Koerl in 2001 and is headquartered in St. Gallen, Switzerland.

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Sportradar exceeds revenue guidance, eyes growth through strategic partnerships

Sportradar Group AG delivered strong Q4 2022 results, exceeding revenue guidance with significant growth in the US and Rest of World segments, showcasing resilience and market expertise.
Despite challenges like increased costs and cash flow impacts, the company remains focused on margin expansion, improving EBITDA to free cash conversion, and driving sustainable growth in 2023.
Strategic partnerships, AI-driven solutions, and a commitment to supporting sports partners' success position Sportradar for industry transformation, revenue diversification, and market leadership.
Confidence in financial stability, positive cash flow, and projected revenue growth highlight Sportradar's potential for continued success, innovation, and value creation for shareholders.

Sportradar Group AG posts strong Q1 results, eyes global expansion

Sportradar Group AG's Q1 2023 earnings call highlighted robust financial performance, strategic strengths, key challenges, and growth opportunities in the sports data and betting industry.
With a focus on tech innovation, market diversification, and maintaining investor confidence through reaffirmed guidance, the company is poised for sustained growth and value creation.
Navigating challenges like margin trends and optimizing business operations while seizing opportunities in emerging markets and tech advancements will be crucial for Sportradar's long-term success.

Sportradar posts strong Q2 results, eyes growth through data and partnerships

Sportradar's Q2 2023 earnings call highlighted robust financial results, reaffirmed full-year guidance for record revenue and strong EBITDA growth, and emphasized strategic initiatives to drive future growth. The company's focus on data collection, AI innovation, and operational efficiency underscores its commitment to long-term success in the sports industry.

Sportradar reports stable Q3 performance and eyes strategic growth

Sportradar's Q3 performance showed revenue and EBITDA within expected ranges despite challenges in certain segments.
Strategic partnerships and workforce optimization are key strengths for future growth and profitability.
Managing margin pressures, enhancing product offerings, and leveraging partnerships present growth opportunities.
Balancing challenges with opportunities, Sportradar aims for strong growth and cash flow conversion in 2024.

Sportradar reports robust Q4 earnings, eyes global growth opportunities

Sportradar Group AG's Q4 2023 earnings call highlighted strong financial performance, strategic partnerships, innovative product launches, and a focus on profitability and growth. The company is optimistic about growth opportunities globally, especially in the U.S. market and emerging markets like Brazil. Challenges include optimizing margins in certain segments and evaluating sports rights acquisitions.

Sportradar Group AG (SRAD) posts robust Q1 results and eyes U.S. and Brazil growth

Sportradar Group AG (SRAD) delivered strong financial performance in Q1 2024, with notable revenue and adjusted EBITDA growth, enhanced by strategic partnerships and product innovations.
While facing challenges in regulatory environments and achieving EBITDA margin targets, the company is well-positioned to capitalize on opportunities in expanding markets like the U.S. and Brazil.
Overall, Sportradar's focus on innovation, strategic partnerships, and market expansion sets a positive trajectory for future growth and value creation for stakeholders.

Sportradar Group AG reports record revenue and raises full-year guidance

Sportradar Group AG delivered strong financial performance in Q2 2024, with record revenue and increased adjusted EBITDA, driven by growth in key business segments.
The company's emphasis on operational efficiencies, client relationships, and innovation underscores its competitive strength and growth potential.
While facing challenges in cost management and market dynamics, Sportradar is well-positioned to capitalize on opportunities in the sports betting and technology sectors.

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Sportradar Group AG engages in the provision of sports betting and entertainment products and services. It operates through the following segments: Rest of the World Betting, RoW Betting AV, and United StatesThe RoW Betting segment is involved in the betting and gaming solutions. The RoW Betting AV segment focuses on the live streaming solutions for online, mobile, and retail sports betting. The United States segment refers to the sports entertainment, betting, gaming, and sports solution. The company was founded by Carsten Marcus Koerl in 2001 and is headquartered in St. Gallen, Switzerland.

Betting stocks are getting a boost from expanding regulation in the US, and Sportradar Group (NASDAQ: SRAD) is in the mix. Its Q4 results echo a report from DraftKings (NASDAQ: SRAD) that has that company on track for a major reversal in the stock price.

Is Sportradar Group A Growth Stock To Bet On In 2023?

Full Year 2022 revenue growth of 30% exceeds annual 2022 outlook Fourth quarter ROW Betting segment revenue grew 29% with Adjusted EBITDA margin of 44% Fourth quarter U.S. segment revenue grew 77%; positive Adjusted EBITDA for second consecutive quarter 2023 annual outlook with growth of 24% to 26% for revenue and 25% to 33% for Adjusted EBITDA

Sportradar Reports Fourth Quarter and Full Year 2022 Results

LONDON and ST. GALLEN, Switzerland, March 13, 2023 (GLOBE NEWSWIRE) -- Sportradar, a subsidiary of Sportradar Group AG (Nasdaq: SRAD), has been selected as the successful bidder for the global ATP data and betting streaming rights starting 2024. It follows an extensive RFP process led by Tennis Data Innovations (TDI).

Sportradar Wins Major Bid for ATP Rights

NEW YORK, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar”)   will release its financial and operating results for the fourth quarter and full year ended December 31, 2022, on Wednesday, March 15, 2023. Sportradar will also host an earnings call via webcast to discuss the results at 8:00 a.m. EDT on Wednesday, March 15, 2023.

Sportradar To Release Fourth Quarter 2022 Financial Results On March 15, 2023

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Sportradar Appoints Severine Riviere as Chief People Officer

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SRAD is set to capitalize on sports betting legalization and tailwinds in 2023. Four consecutive quarters meeting predictions show an appreciation of investor demands.

Sportradar: 5 Reasons To Invest In 2023

NEW YORK, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar”) announced today that Andrew Bimson, Sportradar's President and Chief Operating Officer, North America, will participate in the 25th Annual Needham Growth Conference on Tuesday, January 10, 2023. Andrew Bimson will participate in a fireside chat at 8:45 a.m. EST. A link to the webcast and replay can be found at https://investors.sportradar.com

Sportradar to Participate in 25th Annual Needham Growth Conference

Sports betting is bigger today than ever before. Regulators are working their way toward legalizing sports betting.

Sportradar: Empowering Sports Betting Operators To Take Advantage Of The Secular Uptrend

NEW YORK, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar” or the “Company”) announced today that Carsten Koerl, Sportradar's Chief Executive Officer, and Ulrich Harmuth, interim Chief Financial Officer, will participate in the UBS Global TMT Conference on Monday, December 5, 2022.

Sportradar to Participate in UBS Global TMT Conference

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Sportradar Group AG (NASDAQ:SRAD ) Q3 2022 Earnings Conference Call November 16, 2022 8:00 AM ET Company Participants Christin Armacost - Investor Relations Carsten Koerl - Chief Executive Officer Ulrich Harmuth - Interim Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum David Karnovsky - JPMorgan David Katz - Jefferies Michael Graham - Canaccord Sean Kelly - Bank of America Bernie McTernan - Needham & Company Jason Bazinet - Citi Operator Good day and welcome to the Sportradar Third Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this call maybe recorded.

Sportradar Group AG (SRAD) Q3 2022 Earnings Call Transcript

U.S. segment revenue increased 61% year over year; achieved first-time profitability in the third quarter Rest of World Betting business drove strongest organic growth with high Adjusted EBITDA margin Company raised guidance for revenue and narrowed Adjusted EBITDA range for full year 2022

Sportradar Reports Strong Growth and Increased Profitability and Cash Flow

ZURICH, Switzerland, Oct. 28, 2022 (GLOBE NEWSWIRE) --  Sportradar's (NASDAQ: SRAD) CEO and Founder, Carsten Koerl has been named EY Entrepreneur Of The Year™  2022 in Switzerland. The EY Entrepreneur Of The Year™ is highly respected across the globe as an award, as a program, and, even more importantly, as a mindset. Since 1986, the auditing and consulting firm EY has been committed to the unique Entrepreneur Of The Year™ program which recognizes the achievements of exceptional entrepreneurs. An independent panel of judges selected Mr. Koerl based on his entrepreneurial spirit, purpose, growth, and impact, among other core competencies and attributes.

Carsten Koerl, CEO & Founder of Sportradar, Named EY Entrepreneur of the Year™

FanDuel also extends existing data relationship with Sportradar

Industry Leaders Sportradar and FanDuel Sign Long-Term Agreement for Official NBA Data Through 2030-31 Season

NEW YORK, Oct. 24, 2022 (GLOBE NEWSWIRE) -- In conjunction with the start of the 2022-23 National Hockey League (NHL) season, Sportradar (NASDAQ: SRAD) and the NHL introduced a refreshed NHL.TV, the League's direct-to-consumer international OTT subscription service, available to hockey fans in certain countries and territories outside of the U.S. and Canada, to provide an engaging and fan-friendly viewing experience of live and on-demand NHL games.

The NHL Selects Sportradar to Power New NHL.TV

NEW YORK, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar”) will release its financial and operating results for the third quarter ended September 30, 2022, on Wednesday, November 16, 2022. Sportradar will also host an earnings call via webcast to discuss the results at 8:00 a.m. eastern time on Wednesday, November 16, 2022.

Sportradar to Release Third Quarter 2022 Earnings on November 16, 2022

Sportradar Group AG (NASDAQ:SRAD ) Q2 2022 Earnings Conference Call August 17, 2022 8:00 AM ET Company Participants Christin Armacost - Manager, Investor Relations Carsten Koerl - Chief Executive Officer Alex Gersh - Chief Financial Officer Conference Call Participants David Karnovsky - JPMorgan Ryan Sigdahl - Craig-Hallum Bernie McTernan - Needham & Company Robin Farley - UBS Steven Pizzella - Deutsche Bank Michael Graham - Canaccord Genuity Shaun Kelley - Bank of America Operator Good day, and thank you for standing by. Welcome to the Sportradar Second Quarter 2022 Earnings Conference Call.

Sportradar Group AG (SRAD) CEO Carsten Koerl on Q2 2022 Results - Earnings Call Transcript

The company is a vital part of a growing gambling ecosystem.

Why Sportradar Stock Soared Today

Overall revenue increased 23%; U.S. revenue increased 66% year over year Overall revenue increased 23%; U.S. revenue increased 66% year over year

Sportradar Reports Strong Growth in Second Quarter 2022 and Increases Its Revenue Outlook for Fiscal 2022 Projecting Revenue Growth of 24% to 27%

A bet on Sportradar is a bet on the U.S. sports betting market. Q1 showed a 124% increase in their U.S. business and is the cornerstone of Sportradar's growth strategy.

Sportradar: A Beacon Of Growth Potential

Sportradar (SRAD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Sportradar (SRAD) This Earnings Season?

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Sportradar Launches Virtual NBA, Growing Portfolio of Offerings for Betting Operators

The U.S. Supreme Court ruled in 2018 that individual states could legalize sports betting. Sportradar has seen high growth in the U.S. market, providing sports data to clients in media, fantasy sports, and leagues like the National Basketball Association.

News for Sportradar Group AG Stock (SRAD)