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.

NEW YORK and ST. GALLEN, Switzerland, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ: SRAD) today announced a multiyear agreement with Major League Baseball (MLB) to offer unparalleled sports performance analysis of amateur baseball prospects, through its Synergy Coaching and Scouting solution, to the league and its 30 Clubs. This new partnership will revolutionize player talent scouting through Sportradar's advanced, proprietary technology and highlights Sportradar's commitment to delivering innovative and game-changing solutions to the league.

Major League Baseball Selects Sportradar to Transform Player Talent Scouting for All 30 Clubs

Sportradar Group (SRAD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Sportradar Group (SRAD): Will It Gain?

Does Sportradar Group AG (SRAD) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Sportradar Group AG (SRAD) is a Great Choice

Sportradar Group (SRAD) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Sportradar Group (SRAD) Upgraded to Strong Buy: What Does It Mean for the Stock?

Topgolf Callaway Brands Corp

Investors looking for stocks in the Leisure and Recreation Products sector might want to consider either Topgolf Callaway Brands (MODG) or Sportradar Group AG (SRAD). But which of these two stocks presents investors with the better value opportunity right now?

MODG vs. SRAD: Which Stock Is the Better Value Option?

Sportradar Group AG (NASDAQ:SRAD ) Q3 2024 Results Conference Call November 7, 2024 8:00 AM ET Company Participants Jim Bombassei - Senior Vice President, Investor Relations Carsten Koerl - Chief Executive Officer Craig Felenstein - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Michael Graham - Canaccord David Katz - Jefferies Bernie McTernan - Needham & Company Robin Farley - UBS Jordan Bender - Citizens JMP Samuel Nielsen - JPMorgan Operator Ladies and gentlemen, thank you for standing by. Welcome to the Sportradar Third Quarter 2024 Earnings Conference Call.

Sportradar Group AG (SRAD) Q3 2024 Earnings Call Transcript

Sportradar Group AG (SRAD) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.01 per share a year ago.

Sportradar Group AG (SRAD) Surpasses Q3 Earnings and Revenue Estimates

Third Quarter 2024 Highlights Revenue increased 27% to €255 million Profit for the period increased €33 million to €37 million and expanded to 14.5% as a percentage of revenue Adjusted EBITDA1 increased 30% to €66 million and Adjusted EBITDA margin1 expanded to 25.8% Net cash generated from operating activities increased 55% to €118 million and Free cash flow1 increased 192% to €62 million Customer Net Retention Rate1 increased to 126% Repurchased $8.3 million of shares Further raised full year guidance to revenue growth of at least 24% to €1,090 million and Adjusted EBITDA growth of at least 29% to €216 million ST. GALLEN, Switzerland, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced financial results for its third quarter ended September 30, 2024.

Sportradar Reports Third Quarter 2024 Financial Results and Further Raises Full Year 2024 Outlook

Amer Sports Inc

Investors interested in stocks from the Leisure and Recreation Products sector have probably already heard of Amer Sports, Inc. (AS) and Sportradar Group AG (SRAD). But which of these two companies is the best option for those looking for undervalued stocks?

AS vs. SRAD: Which Stock Should Value Investors Buy Now?

New and Expanded Offerings Foster Personalization and Deeper Fan Engagement for NBA New and Expanded Offerings Foster Personalization and Deeper Fan Engagement for NBA

Sportradar Deepens Official Partnership with NBA with Launch of Innovative, Value-Add Fan Engagement Solutions

ST. GALLEN, Switzerland, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar”) will release its financial and operating results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024. Sportradar will also host an earnings call via webcast to discuss the results at 8:00 a.m. Eastern time on Thursday, November 7, 2024.

Sportradar to Release Third Quarter Financial and Operating Results on November 7, 2024

YETI

Investors looking for stocks in the Leisure and Recreation Products sector might want to consider either Yeti (YETI) or Sportradar Group AG (SRAD). But which of these two companies is the best option for those looking for undervalued stocks?

YETI or SRAD: Which Is the Better Value Stock Right Now?

Investors with an interest in Leisure and Recreation Products stocks have likely encountered both Yeti (YETI) and Sportradar Group AG (SRAD). But which of these two stocks is more attractive to value investors?

YETI vs. SRAD: Which Stock Is the Better Value Option?

Sportradar has continued growing incredibly well, and the growth in the US, Brazil, and Africa, as well as sports rights expansion, provides a great runway ahead. The company focuses on pushing operating leverage with the existing technology, and the business model should allow for much higher margins. With a revised valuation, the SRAD stock seems to undervalue Sportradar's incredible earnings growth potential.

Sportradar's Growth Runway Is Undervalued (Rating Upgrade)

ST. GALLEN, Switzerland, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ: SRAD) is set to further transform the betting landscape with the launch of micro markets, the next generation of in-play betting products, across leading sports, opening fresh revenue streams for operators. In a strategic move, Sportradar, in collaboration with Tennis Data Innovations (TDI), is introducing micro markets for ATP tennis matches this October. This exclusive partnership marks yet another step in offering bettors more granular and engaging wagering options in tennis.* Sportradar currently offers micro markets across other popular sports including soccer and table tennis.

Sportradar Drives Betting Innovation with Micro Markets Expansion

ST. GALLEN, Switzerland, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, will participate in the following investor conferences in September:

Sportradar Announces Upcoming Investor Conference Participation Schedule

Investors interested in stocks from the Leisure and Recreation Products sector have probably already heard of Yeti (YETI) and Sportradar Group AG (SRAD). But which of these two stocks offers value investors a better bang for their buck right now?

YETI vs. SRAD: Which Stock Should Value Investors Buy Now?

Sportradar Group AG (NASDAQ:SRAD ) Q2 2024 Earnings Conference Call August 13, 2024 8:30 AM ET Company Participants Jim Bombassei - Senior Vice President, Investor Relations Carsten Koerl - Chief Executive Officer Craig Felenstein - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Michael Graham - Canaccord Bernie McTernan - Needham Robin Farley - UBS David Katz - Jefferies Jason Bazinet - Citi Michael Hickey - The Benchmark Company Jordan Bender - Citizens JMP Samuel Nielsen - JPMorgan Stephen Grambling - Morgan Stanley Operator Good day and thank you for standing by. Welcome to the Sportradar Second Quarter 2024 Earnings Conference Call.

Sportradar Group AG (SRAD) Q2 2024 Earnings Call Transcript

Sportradar Group AG (SRAD) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.03. This compares to break-even earnings per share a year ago.

Sportradar Group AG (SRAD) Reports Break-Even Earnings for Q2

Achieved Record Revenue of €278 Million, Up 29% Year-over-Year Generated Strong Cash Flow from Operating Activities Further Raising 2024 Outlook for Revenue and Adjusted EBITDA

Sportradar Reports Second Quarter 2024 Financial and Operating Results

ST. GALLEN, Switzerland, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced that Craig Felenstein, the Company's Chief Financial Officer, will participate in Canaccord Genuity's 44th Annual Growth Conference on Wednesday August 14, 2024. The fireside chat will take place at 1:30 pm eastern time and will be webcast live at investors.sportradar.com .

Sportradar to Participate in Canaccord Genuity 44th Annual Growth Conference

ST. GALLEN, Switzerland, July 17, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar”) will release its financial and operating results for the second quarter ended June 30, 2024, on Tuesday, August 13, 2024. Sportradar will also host an earnings call via webcast to discuss the results at 8:30 am Eastern time on Tuesday, August 13, 2024.

Sportradar to Release Second Quarter Financial and Operational Results on August 13, 2024

Sportradar's Managed Trading Services See Significant Global Adoption in H1 2024 Notable client wins in South America and Africa highlight growth ST. GALLEN, Switzerland, July 01, 2024 (GLOBE NEWSWIRE) -- Sportradar has significantly grown its Managed Trading Services (MTS) clientele in the first half of 2024, welcoming 44 new sportsbook operators to leverage its versatile and advanced operational capabilities.

Sportradar Secures Major Client Wins on Strength of Managed Trading Services

This company is flying under the radar but executing on all cylinders.

1 Undervalued Data Stock Could Soar 40%, According to Select Wall Street Analysts

Investors have been pouring into sports betting stocks like DraftKings Inc. NASDAQ: DKNG and Fan Duel's parent, Flutter Entertainment plc NYSE: FLUT. Streaming giants like Amazon Inc. NASDAQ: AMZN and Netflix Inc. NASDAQ: NFLX are jockeying to keep and sign lucrative broadcasting deals with major sports leagues like the NFL, MLB, Formula One and NASCAR.

News for Sportradar Group AG Stock (SRAD)