Sportradar Group (SRAD) Company Report

SRAD achieved record Q3 2025 revenues of EUR 292 million and a record adjusted EBITDA margin of 29%, with adjusted EBITDA growing 29% year-over-year.
The company generated EUR 149 million in free cash flow year-to-date, representing a 72% conversion rate.
SRAD closed the IMG ARENA acquisition, which is expected to accelerate growth and be accretive to adjusted EBITDA margins and free cash flow, and increased its share repurchase program by $100 million to a total of $300 million.
Full-year 2025 guidance was raised, with anticipated revenues of at least EUR 1.29 billion (at least 17% year-over-year growth) and adjusted EBITDA of at least EUR 290 million (at least 30% growth).

Nov 5, 2025, 1:30 PM

Transcript

Sportradar Reports Strong Q3 2025 Results, Raises Full-Year Outlook, and Increases Share Repurchase Program

SRAD

Earnings

Guidance Update

Share Buyback

Sportradar Group AG reported strong Q3 2025 financial results, with revenue increasing 14% to €292 million and Adjusted EBITDA increasing 29% to €85 million.
The company raised its full-year 2025 outlook, now expecting revenue of at least €1,290 million (17% growth) and Adjusted EBITDA of at least €290 million (30% growth).
Sportradar announced a $100 million increase to its share repurchase program, bringing the total authorization to $300 million. As of September 30, 2025, $85.8 million has been repurchased under the plan.
The acquisition of IMG ARENA was completed on November 1, 2025, and is expected to be accretive to Adjusted EBITDA margins and free cash flow conversion.

Nov 5, 2025, 12:30 PM

6-K

Sportradar completes IMG ARENA acquisition

SRAD

M&A

Revenue Acceleration/Inflection

Sportradar Group AG (SRAD) announced the completion of its acquisition of IMG ARENA on November 3, 2025, with the closing having occurred on November 1, 2025.
The acquisition is expected to accelerate revenue, adjusted EBITDA, and free cash flow growth and be accretive to adjusted EBITDA margins and free cash flow conversion.
The deal includes a total financial consideration to Sportradar of $225 million, comprising $103 million paid directly to Sportradar over a two-year period and $122 million in cash prepayments by the seller to certain sports rightsholders.
This acquisition expands Sportradar's sports content, adding strategic relationships with over 70 rightsholders and increasing total sports coverage to more than 1 million matches annually.

Nov 3, 2025, 12:25 PM

6-K

Sportradar Group AG Annual General Meeting Results – May 2025

SRAD

Proxy Vote Outcomes

Executive Compensation

Auditor Change

The AGM was held on May 15, 2025 in accordance with Article 13 of the Articles of Association, using simple majority voting for agenda items.
Key resolutions approved included the Management Report, Consolidated and Statutory Financial Statements for 2024, the consultative Compensation Report, and the Sustainability Report, all with overwhelming shareholder support.
Other significant outcomes were the approval of earnings appropriation with CHF -2.74B carryforward, director and auditor elections (including appointing KPMG AG), and the establishment of compensation limits for the Board (USD 3M) and Executive Management (USD 40M).

May 16, 2025, 12:00 AM

6-K

Sportradar Closes Secondary Offering Option Exercise

SRAD

The Company closed the exercise of its option to purchase 3,450,000 Class A ordinary shares on May 5, 2025, with no proceeds received from the sale.
This action is part of a previously announced secondary public offering involving an aggregate of 23,000,000 shares by CPPIB, TCV, and Carsten Koerl, with underwriting support from Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC.
The report is incorporated into the Registration Statement on Form F-3 and includes related legal opinions as detailed in Exhibit 5.1.

May 5, 2025, 12:00 AM

6-K

Sportradar Launches Public Offering and Share Repurchase

SRAD

Share Buyback

Sportradar Group AG announced a proposed secondary public offering of 23,000,000 Class A ordinary shares by selling shareholders, including an affiliate of Canada Pension Plan Investment Board, an affiliate of Technology Crossover Ventures, and CEO Carsten Koerl.
The company also authorized a concurrent share repurchase of 3,000,000 shares as part of its existing $200 million share repurchase program.

Apr 25, 2025, 12:00 AM

6-K

Sportradar Group Investor Day Q1 2025: Strategic Growth, IMG Acquisition & Financial Guidance

SRAD

M&A

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

Investor Day Event: Top executives, including CEO Carsten Koerl and CFO Craig Felenstein, outlined the company’s growth strategy and market leadership at the Q1 2025 event .
Financial Guidance: Detailed 2027 targets with revenue growth from €1.1bn (2024) to ~€1.7bn, EBITDA margin expansion from 20% to 27%, and free cash flow improvements (33% CAGR with ~€275M and 60% conversion) .
Strategic M&A: The IMG Arena acquisition is highlighted as a margin accretive move that will bolster the content portfolio, with expected closing in 5-6 months subject to antitrust clearance .
Global Expansion & Market Leadership: Emphasis on robust global presence, covering over 1M+ matches annually, and tapping significant opportunities in APAC, the U.S., and Brazil .
Operational Efficiency: Focus on driving margin expansion and free cash flow conversion through optimized cost structures and strategic sports rights management .
Technology & AI Innovations: Advanced automation including computer vision and AI initiatives are being leveraged to boost productivity and reduce costs .

Apr 1, 2025, 1:01 PM

Transcript Presentation 6-K

Sportradar Q4 2024 Delivers Strong Revenue Growth and Strategic Acquisitions

SRAD

Earnings

M&A

Revenue Acceleration/Inflection

Strong financial performance: Total company revenue reached $1.1 billion, up 26% from 2023, with adjusted EBITDA margins expanding to over 20%, highlighting robust top-line growth and operating leverage.
Key strategic acquisitions: The company announced the acquisition of IMG Arena for a total financial consideration of $225 million, which is expected to be immediately margin accretive, further enhancing its sports betting rights portfolio.
Diversified product strength: Growth was driven by strong performances in Betting Technology & Solutions, managed trading services, and increased adoption in the U.S. market (up 58% YoY) resulting in a customer net retention rate of 127%.
Positive forward guidance: Management projects approximately 15% revenue growth in 2025, supported by cost efficiencies, stable long-term rights agreements, and continued expansion into adjacent markets.

Mar 19, 2025, 12:31 PM

Transcript

Sportradar Group AG Delivers Record Q4 2024 Financial Performance

SRAD

Earnings

Revenue Acceleration/Inflection

M&A

Record Q4 revenue of €307 million was achieved, marking a 22% YoY increase with Adjusted EBITDA growing by 53% and margin expanding to 19.7%.
The results reflected significant operating leverage, highlighted by a customer net retention rate of 127% and robust earnings performance.
The company extended its strategic MLB partnership through 2032 and announced the acquisition of IMG ARENA's sports rights portfolio, reinforcing its market position.
For FY2025, guidance targets include at least 15% revenue growth, 26% EBITDA growth, and a further margin expansion of 200 bps with maintained free cash flow conversion above 53%.

Mar 19, 2025, 12:30 PM

Presentation

Sportradar Reports Q4 2024 Results and Announces IMG ARENA Acquisition

SRAD

Earnings

M&A

Revenue Acceleration/Inflection

Full Year 2024 Results: Revenue grew by 26% to €1,107 million and adjusted EBITDA rose 33% to €222 million, with profit remaining in line with the prior year despite currency impacts.
Fourth Quarter Performance: Q4 revenue reached €307 million with a 53% increase in adjusted EBITDA to €61 million, reflecting strong operational performance and market expansion.
IMG ARENA Acquisition: Sportradar announced a definitive agreement to acquire IMG ARENA’s global sports betting rights portfolio for a total consideration of $225 million, expected to enhance future revenue and margin growth.

Mar 19, 2025, 12:00 AM

6-K

Earnings Transcripts

Quarterly earnings call transcripts for Sportradar Group.

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