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, Nov. 02, 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 present at the Canaccord Digital Gaming Summit on Tuesday, November 30, 2021, and the Jefferies Sports Betting & iGaming Summit on Wednesday, December 1, 2021.

Sportradar to Present at Upcoming Investor Conferences

The world's largest and most influential leagues and federations entrust Sportradar for betting data collection and integrity services The world's largest and most influential leagues and federations entrust Sportradar for betting data collection and integrity services

Sportradar Earns International Betting Integrity Association's Data Standards Accreditation and Kitemark

NEW YORK, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar” or “the Company”), will announce third quarter 2021 financial results before the market opens on November 17, 2021. The Company will discuss its results in a live webcast at 8:00 a.m. Eastern Time that same day.

Sportradar to Release Third Quarter 2021 Earnings on November 17, 2021

-Sportradar will provide robust data feed and odds applications to FansUnite's betting platforms-Vancouver, British Columbia--(Newsfile Corp. - October 27, 2021) - FansUnite Entertainment Inc. (CSE: FANS) (OTCQX: FUNFF) ("FansUnite" or the "Company") is pleased to announce that the Company has signed a strategic agreement with Sportradar Group AG (NASDAQ: SRAD) ("Sportradar"), the leading global sports technology company creating immersive experiences for sports fans and bettors.Under the agreement, Sportradar will provide its Managed Trading Service to FansUnite, which includes pre-match betting services, live odds, and betting stimulation services....

FansUnite Enters Strategic Partnership with Sportradar for Managed Trading Services

Global deal to enhance integrity measures and drive fan engagement Global deal to enhance integrity measures and drive fan engagement

Sportradar Announces Extension of Official Data Partnership With the International Tennis Federation

For the first time, marketers at sports betting platforms, teams and leagues can launch programmatic digital out-of-home ad campaigns that feature live odds, stats, and other hyperlocal dynamic information to maximize consumer engagement For the first time, marketers at sports betting platforms, teams and leagues can launch programmatic digital out-of-home ad campaigns that feature live odds, stats, and other hyperlocal dynamic information to maximize consumer engagement

Sportradar and Adomni Announce Industry First Partnership to Bring Live Sports Data to Digital Out-of-Home Advertising

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Sportradar underlines its commitment to protecting the integrity of sport with the official launch of Universal Fraud Detection System free of charge Sportradar underlines its commitment to protecting the integrity of sport with the official launch of Universal Fraud Detection System free of charge

Sportradar Integrity Services Highlight the Scale of Match Fixing in Sport Over the Last 18 Months

Partnership to help create untapped opportunities for the ICC to engage with its diverse and large fan base across the globe Partnership to help create untapped opportunities for the ICC to engage with its diverse and large fan base across the globe

International Cricket Council Selects Sportradar as Data and Streaming Rights Partner

OTT platform leveraging Sportradar's best-in-class broadcast services to provide Big Ten fans with more personalized viewing experience OTT platform leveraging Sportradar's best-in-class broadcast services to provide Big Ten fans with more personalized viewing experience

Big Ten Network Selects Sportradar to Refresh B1G+

Basketball great Michael Jordan will increase his investment in Sportradar Group AG and will serve as a special advisor to the company's board, the sports gambling data company said on Monday.

Michael Jordan increases investment in Sportradar

Basketball legend is also increasing his investment in market leading sports data and technology company Basketball legend is also increasing his investment in market leading sports data and technology company

Michael Jordan Assumes Advisory Role with Sportradar

Sportradar, which provides data to sports leagues, betting operators and media companies, went public last week in an IPO.

Sportradar IPO Day With CEO Carsten Koerl - Sports Data Collection (Video)

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The SRAD stock IPO kicked off today. The Michael Jordan-backed sports betting service saw some volatility on its first day on Wall Street.

SRAD Stock IPO: 9 Things to Know as Sportradar Starts Trading Today

His Switzerland-based firm, which funnels stats from sports leagues to media companies and sports bettors, debuted on the Nasdaq on Tuesday.

Sportradar CEO Carsten Koerl Officially Becomes A Billionaire Even As Shares Falter On IPO Day

Sportradar Group AG SRAD, -2.12% received a less-than-cheerful reception on Wall Street, as the Switzerland-based sports betting and entertainment company's stock opened in line with the initial public offering price, then fell below it. The company raised $513.0 million as it sold 19.0 million shares in the IPO, which priced at $27.00 a share, or in the middle of the expected range of between $25 and $28 a share.

Sportradar's stock opens in line with IPO price, then falls below it

NEW YORK--(BUSINESS WIRE)--Sportradar (NASDAQ: SRAD), a leading global provider of sports betting and sports entertainment products and services, and the number one provider of business-to-business solutions to the global sports betting industry based on revenue, rang the opening bell today at the NASDAQ Stock Exchange, marking its first official day as a NASDAQ-listed company. Sportradar Global CEO Carsten Koerl was joined on stage by investors Michael Jordan and Todd Boehly, as well as the Sp

Sportradar Completes IPO, Rings Opening Bell at NASDAQ

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News for Sportradar Group AG Stock (SRAD)