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.

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?

Powered by the Latest AI and Machine Learning Technologies, Virtual NBA to Provide Operators with 3,000 More Engagement Opportunities Per Day Powered by the Latest AI and Machine Learning Technologies, Virtual NBA to Provide Operators with 3,000 More Engagement Opportunities Per Day

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.

Sportradar: Benefiting From Strong U.S. Growth

NEW YORK, July 21, 2022 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar”) will release its financial and operating results for the second quarter ended June 30, 2022, on Wednesday, August 17, 2022. Sportradar will also host an earnings call via webcast to discuss the results at 8:00 a.m. eastern time on Wednesday, August 17, 2022.

UPDATE - Sportradar to Release Second Quarter 2022 Earnings on August 17, 2022

NEW YORK, July 20, 2022 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar”) will release its financial and operating results for the second quarter ended June 30, 2022, on Wednesday, August 17, 2022. Sportradar will also host a webcast to discuss the results at 8:00 a.m. eastern time on Wednesday, August 17, 2022.

Sportradar to Release Second Quarter 2022 Earnings on August 17, 2022

NEW YORK, June 08, 2022 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ: SRAD) today announced the appointment of Eric Conrad as Managing Director, Strategic Partnerships & Content, North America. Conrad will report directly to Eduard Blonk, Chief Commercial Officer.

Sportradar Appoints Eric Conrad Managing Director, Strategic Partnerships & Content for North America

ST. GALLEN, Switzerland, May 19, 2022 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ:SRAD) has strengthened its market leading portfolio of cricket products and services with the launch of Virtual Cricket In-Play. The first in-play virtual-betting solution for the sport, the new product fully leverages the power of Sportradar's historic database to generate a ‘real-match' cricket experience in a virtual setting and bring fans closer to the action.

Sportradar Bolsters Cricket Offering With Launch of World's First Virtual Cricket In-Play Solution

Sportradar Group AG (NASDAQ:SRAD ) Q1 2022 Earnings Conference Call May 18, 2022 8:00 AM ET Company Participants Rima Hyder - Senior Vice President, Investor Relations Carsten Koerl - Chief Executive Officer Alex Gersh - Chief Financial Officer Conference Call Participants Bernie McTernan - Needham & Company David Karnovsky - JPMorgan Robin Farley - UBS Ryan Sigdahl - Craig-Hallum Capital Steve Pizzella - Deutsche Bank Jason Bazinet - Citi Mike Hickey - The Benchmark Company Operator Good morning and thank you for standing by. Welcome to the Sportradar's First Quarter Earnings Conference Call.

Sportradar Group AG (SRAD) CEO Carsten Koerl on Q1 2022 Results - Earnings Call Transcript

Overall revenue increased 31%; U.S. revenue increased 124% year over year Company reiterated annual outlook for fiscal 2022 projecting strong annual revenue growth of 18% to 25%

Sportradar Reports Strong Growth In First Quarter 2022

NEW YORK, April 20, 2022 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar” or “the Company”), will release its financial and operating results for the first quarter fiscal 2022, ending March 31, 2022, on Wednesday, May 18, 2022. Sportradar will also host a conference call to discuss these results at 8:00 a.m. eastern time on Wednesday, May 18, 2022.

Sportradar to Release First Quarter 2022 Earnings on May 18, 2022

Vaix Technology Enhances Sportradar's Managed Trading Services (MTS) Platform, Which Helps Betting Operators Increase Engagement and Retention Vaix Technology Enhances Sportradar's Managed Trading Services (MTS) Platform, Which Helps Betting Operators Increase Engagement and Retention

Sportradar Acquires Vaix, a Pioneer in Developing AI Solutions for the iGaming Industry

LONDON, April 06, 2022 (GLOBE NEWSWIRE) -- Sportradar Integrity Services, a unit of Sportradar (NASDAQ: SRAD), the leading global sports technology company, supplying sports integrity solutions to more than 150 sports federations, leagues, law enforcement and state authorities, today announced the launch of the Sportradar Integrity Exchange, a network that enables bookmakers to report suspicious betting activity, as the next step in the company's efforts to safeguard sport.

Sportradar Launches Exchange to Further Engage Bookmakers in Anti-Match Fixing Efforts

Sportradar Group AG's (SRAD) CEO Carsten Koerl on Q4 2021 Results - Earnings Call Transcript

Fourth quarter revenue grew 41% while full year 2021 revenue grew 39%, exceeding Company's outlook Annual revenue surpasses €500 million for the first time in Company's history Company projects solid annual revenue growth of 18% to 25% in fiscal 2022 Secured multiyear partnerships with NHL, NBA, ITF, ICC, UEFA, Bundesliga

Sportradar Reports Strong Growth in Fourth Quarter and Full Year 2021

Sportradar Integrity Services detect record number of suspicious matches in 2021 Sportradar Integrity Services detect record number of suspicious matches in 2021

Match Fixing on the Rise as Global Sports Betting Turnover Surpasses €1.45 Trillion for the First Time

LOS ANGELES and NEW YORK, Feb. 15, 2022 (GLOBE NEWSWIRE) -- The United States Football League (USFL), a new professional football league launching in April, today announces a foundational partnership with Sportradar (NASDAQ: SRAD), the leading global sports technology company creating immersive experiences for sports fans and bettors. The multi-year agreement, reached following a competitive bid process, establishes Sportradar as the Official Sports Data Partner of the USFL and the league's official integrity partner.

USFL Taps Sportradar as Official Sports Data & Integrity Partner

Sportradar is looking to monetize the sports betting industry by supplying data and other value-added solutions.

Sportradar Is The Best Play On The Adoption Of Sports Betting

NEW YORK, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar” or “the Company”), the leading global sports technology company creating immersive experiences for sports fans and bettors, announced today that Carsten Koerl, Sportradar's Chief Executive Officer, and Alex Gersh, Chief Financial Officer, will participate in the Needham Virtual Growth Conference on Monday, January 10, 2022. Management will be available for one-on-one and small group meetings with investors.

Sportradar to Participate in the Needham Growth Conference

NEW YORK, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ: SRAD), the leading global sports technology company creating immersive experiences for sports fans and bettors, today announced the appointment of Rima Hyder as Senior Vice President, Head of Investor Relations. Her experience and network in the investment community will enable Sportradar to deepen relationships and better inform investors during a critical juncture in the company's growth. Based in the U.S., she will report to Chief Financial Officer, Alex Gersh.

Sportradar Appoints Rima Hyder Head of Investor Relations

Sportradar secures sixth multi-year deal with multi-state US operator in 2021 Sportradar secures sixth multi-year deal with multi-state US operator in 2021

New Multi-Year Partnership With Sportradar Enhances PointsBet's In-Play Betting Capabilities Across Most Popular US Sports

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Sportradar Group AG (SRAD) CEO Carsten Koerl on Q3 2021 Results - Earnings Call Transcript

Sportradar is the Exclusive Worldwide Provider of NBA, WNBA and NBA G League Data as Part of Expanded Deal Sportradar is the Exclusive Worldwide Provider of NBA, WNBA and NBA G League Data as Part of Expanded Deal

The NBA and Sportradar Announce Landmark Long-Term Global Partnership

SANKT GALLEN, Switzerland, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or “the Company”), a leading global technology platform enabling next generation engagement in sports, and the number one provider of business-to-business solutions to the global sports betting industry, today announced financial results for its third quarter ended September 30, 2021.

News for Sportradar Group AG Stock (SRAD)