ST. GALLEN, Switzerland, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company"), a leading global sports technology company, today announced that it will host an Investor Day in New York City on Tuesday, April 1, 2025. Carsten Koerl, Chief Executive Officer, Craig Felenstein, Chief Financial Officer, and senior business leaders will present the business strategy, growth drivers and financial outlook. The event will conclude with a Q&A session with the Company's senior leadership. Presentations will commence at 9:00 am eastern time and conclude at approximately 12:00 pm. To register your virtual attendance and view the live presentation, ple

ST. GALLEN, Switzerland, Jan. 09, 2025 (GLOBE NEWSWIRE) -- After consecutive years of detecting rising numbers of suspicious matches, match-fixing at all levels of global sport registered a notable decline in 2024, according to the annual integrity report (Integrity in Action 2024 Global Analysis & Trends) published by Sportradar Integrity Services, a unit of Sportradar (NASDAQ:SRAD).  Throughout 2024, Sportradar Integrity Services monitored more than 850,000 matches across 70 sports worldwide and 1,108 suspicious matches were identified, a 17% decrease from 2023. The highest number of suspicious matches were found across Europe, the region historically facing the most significant integri

ST. GALLEN, Switzerland, Dec. 05, 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 the UBS Media & Communications Conference on Tuesday, December 10th, 2024. The fireside chat will take place at 1:30 pm eastern time. The webcast can be accessed at investors.sportradar.com. About SportradarSportradar Group AG (NASDAQ:SRAD), founded in 2001, is a leading global sports technology company creating immersive experiences for sports fans and bet

ST. GALLEN, Switzerland, Dec. 02, 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 the Morgan Stanley Consumer & Retail Conference on Wednesday, December 4th, 2024. The fireside chat will take place at 2:15 pm eastern time. The webcast can be accessed at investors.sportradar.com. About Sportradar Sportradar Group AG (NASDAQ:SRAD), founded in 2001, is a leading global sports technology company creating immersive experiences for sports fan

ST. GALLEN, Switzerland, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ:SRAD) today announced the launch of generative AI (gen AI) audio, a new feature within its ad:s multi-channel marketing service. The tool leverages the power of gen AI integrated with Sportradar's live data, to automate the creation of personalized, real-time audio adverts for sportsbook and casino operators across one of the fastest growing digital marketing channels globally. Ad:s gen AI audio provides operators with a ready-to-use audio marketing solution, allowing them to generate creative content during key sporting and gaming moments to efficiently scale advertising efforts into podcast streaming servi

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. Under the agreement, MLB and its 30 Clubs will gain access to an unprecedented depth of player analysis and insights with event coverage

Third Quarter 2024 Highlights Revenue increased 27% to €255 millionProfit for the period increased €33 million to €37 million and expanded to 14.5% as a percentage of revenueAdjusted 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 millionCustomer Net Retention Rate1 increased to 126%Repurchased $8.3 million of sharesFurther 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 (NA

NEW YORK and ST. GALLEN, Switzerland, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ:SRAD) is enhancing its partnership with the NBA this season through the introduction of a suite of innovative fan engagement solutions fuelling the passion of the league's two billion global fans. These products represent the next phase in the evolution of basketball consumption benefitting not only the NBA but also operators and media partners looking to capitalize on the excitement surrounding one of the world's most-watched and bet-on sports. Sportradar, leveraging AI and its advanced, proprietary technology, has launched a suite of next-generation products for the NBA by accessing the full

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. Those wishing to either listen to, or participate in, the earnings webcast can do so by accessing Sportradar's Investor Relations website at https://investors.sportradar.com. Additionally, a replay will be posted on the Investor Relations website for one year after the conclusion of the event. About SportradarSportradar

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. By leveraging advanced artif

Third Quarter 2024 Highlights Revenue increased 27% to €255 millionProfit for the period increased €33 million to €37 million and expanded to 14.5% as a percentage of revenueAdjusted 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 millionCustomer Net Retention Rate1 increased to 126%Repurchased $8.3 million of sharesFurther 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 (NA

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. Those wishing to either listen to, or participate in, the earnings webcast can do so by accessing Sportradar's Investor Relations website at https://investors.sportradar.com. Additionally, a replay will be posted on the Investor Relations website for one year after the conclusion of the event. About SportradarSportradar

Achieved Record Revenue of €278 Million, Up 29% Year-over-YearGenerated Strong Cash Flow from Operating ActivitiesFurther Raising 2024 Outlook for Revenue and Adjusted EBITDA ST. GALLEN, Switzerland, Aug. 13, 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 second quarter ended June 30, 2024. Carsten Koerl, Chief Executive Officer of Sportradar, said: "Our strong second quarter results, including another quarter of record revenues are a testament to the operating momentum we are g

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. Those wishing to either listen to, or participate in, the earnings webcast can do so by accessing Sportradar's Investor Relations website at https://investors.sportradar.com. Additionally, a replay will be posted on the Investor Relations website for one year after the conclusion of the event. About SportradarSportradar Group

Achieved Record Revenue of €266 Million, Up 28% and Grew Adjusted EBITDA 29% Raising 2024 Outlook for Revenue and Adjusted EBITDA Commencing Purchases Under Previously Announced Share Repurchase Program New CFO and Chief Technology & Chief AI Officer Join Sportradar Leadership Team ST. GALLEN, Switzerland, May 15, 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 first quarter ended March 31, 2024. Carsten Koerl, Chief Executive Officer of Sportradar, said: "Fiscal 2024 is off to

ST. GALLEN, Switzerland, April 25, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar") will release its financial and operating results for the first quarter ended March 31, 2024 on Wednesday, May 15, 2024. Sportradar will also host an earnings call via webcast to discuss the results at 8:30 a.m. ET on Wednesday, May 15, 2024. Those wishing to either listen to, or participate in, the earnings webcast can do so by accessing Sportradar's Investor Relations website at https://investors.sportradar.com. Additionally, a replay will be posted on the Investor Relations website for one year after the conclusion of the event. About SportradarSportradar Group AG (NASDAQ:SRAD),

Delivered record results, growing revenue 20% and Adjusted EBITDA 33% for fiscal 2023Targeting strong outlook in 2024 of at least 20% growth in revenue and Adjusted EBITDAAuthorizes $200 million Share Repurchase Program ST. GALLEN, Switzerland, March 20, 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 fourth quarter and year ended December 31, 2023. Carsten Koerl, Chief Executive Officer of Sportradar, said: "2023 was another dynamic and successful year for the Company delivering our 3rd con

ST. GALLEN, Switzerland, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar") will release its financial and operating results for the fourth quarter ended December 31, 2023 on Wednesday, March 20, 2024. Sportradar will also host an earnings call via webcast to discuss the results at 8:30 a.m. ET on Wednesday, March 20, 2024. Those wishing to either listen to, or participate in, the earnings webcast can do so by accessing Sportradar's Investor Relations website at https://investors.sportradar.com. Additionally, a replay will be posted on the investor relations site for one year after the conclusion of the event. About SportradarSportradar Group AG (NASDAQ:SR

Delivered 12% revenue, 38% Adjusted EBITDA growth for the third quarterAnnual outlook updated with growth of 19% to 21% for revenue and 29% to 33% for Adjusted EBITDAInitiated a reduction in global workforce as part of ongoing strategic growth initiativesWell positioned for revenue growth and margin expansion ST. GALLEN, Switzerland, Nov. 01, 2023 (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, 2023. Carsten Koerl, Chief Executive Officer of Sportradar said: "As

ST. GALLEN, Switzerland, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar"), a leading global technology company focused on enabling next generation engagement in sports by providing business-to-business solutions to the global sports betting industry, will release its financial and operating results for the third quarter ended September 30, 2023 on Wednesday, November 1, 2023. Sportradar will also host an earnings call via webcast to discuss the results at 8:00 a.m. ET on Wednesday, November 1, 2023. Those wishing to either listen to, or participate in, the earnings webcast can do so by accessing Sportradar's investor relations website at https://investo

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Jefferies reiterated coverage of Sportradar Group AG with a rating of Buy and set a new price target of $23.00 from $17.00 previously

JP Morgan upgraded Sportradar Group AG from Neutral to Overweight and set a new price target of $15.00 from $12.00 previously

JMP Securities upgraded Sportradar Group AG from Mkt Perform to Mkt Outperform and set a new price target of $16.00

Jefferies upgraded Sportradar Group AG from Hold to Buy and set a new price target of $16.00 from $12.00 previously

JP Morgan resumed coverage of Sportradar Group AG with a rating of Neutral and set a new price target of $12.00

JMP Securities initiated coverage of Sportradar Group AG with a rating of Mkt Perform

Jefferies downgraded Sportradar Group AG from Buy to Hold and set a new price target of $10.00 from $18.00 previously

Morgan Stanley initiated coverage of Sportradar Group AG with a rating of Equal-Weight and set a new price target of $12.00

BofA Securities downgraded Sportradar Group AG from Neutral to Underperform and set a new price target of $8.00 from $14.00 previously

Needham reiterated coverage of Sportradar Group AG with a rating of Buy and set a new price target of $17.00 from $15.00 previously

ST. GALLEN, Switzerland, May 01, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company") today announced that Behshad Behzadi has been named Chief Technology Officer and Chief Artificial Intelligence Officer of the Company (CTO and CAIO), effective May 1. As Sportradar's CTO and CAIO, Behzadi will be based in the organization's headquarters in Switzerland and report directly to Chief Executive Officer, Carsten Koerl. Working collaboratively across the organization, Behzadi will drive the usage and adoption of AI and cutting-edge technology to enhance its product offerings and roadmap to deliver hyper-personalized experiences for sports fans. Additionally

ST. GALLEN, Switzerland, April 25, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD)("Sportradar" or the "Company") today announced that Craig Felenstein has been named Chief Financial Officer of the Company, effective June 1, 2024. Felenstein joins the Company from Lindblad Expeditions (NASDAQ:LIND) where he most recently served as Chief Financial Officer. He will report directly to Sportradar Chief Executive Officer Carsten Koerl. Felenstein brings nearly 30 years of senior finance and operating experience for US publicly listed companies across the media, entertainment, experiential and digital content industries to his new position at Sportradar. Most recently, Felenstein ser

Names Executive Leadership Team to Oversee Global Functions Company Reaffirms Fiscal 2023 Guidance and Fiscal 2024 Outlook ST. GALLEN, Switzerland, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company") today announced additional strategic actions as part of its previously announced initiatives to streamline its organizational structure to enhance focus on clients and partners, drive global innovation and product development, and propel long-term growth, profitability, and shareholder value. "I am excited to announce this new global organization and leadership structure, which aligns our teams on our strategic priorities, promotes agile

Yabuki's Motive Partners role expands to include Chairman & CEO of InvestCloud, which sets the stage for the Company's next phase of growth InvestCloud (or "the Company"), a global provider of wealth and asset management solutions, today announced the appointment of Jeffery W. Yabuki ("Jeff") as Chairman and CEO. In this role, Jeff will lead InvestCloud's strategy and operations, with a key focus on excellence of client delivery. Jeff's leadership will further empower InvestCloud's clients and partners with its scalable technology platform. The Company is backed by Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake") and Motive Capital Management, LLC (toge

NEW YORK and ST. GALLEN, Switzerland, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ:SRAD) today announced the appointment of Jim Bombassei as Senior Vice President, Investor Relations and Corporate Finance, effective immediately. Based in New York, he will report directly to Gerard Griffin, Chief Financial Officer. In this role, Bombassei will be responsible for building and maintaining relationships with the global investment community, and communicating the company's business model, long-term strategy and financial performance. He will also have oversight of the company's Corporate Finance function. Bombassei brings significant financial and investor relations experience to the r

ST. GALLEN, Switzerland, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ:SRAD) today announced the appointment of Severine Riviere as Chief People Officer, effective immediately. Riviere, who brings two decades of experience in global human resource management and business transformation to the role, will be responsible for all aspects of Sportradar's human resources strategy, including talent management, leadership development, total rewards, and workplace culture, and will report directly to Sportradar CEO Carsten Koerl. Riviere joins Sportradar from Fyffes International where she served as Chief Human Resources Officer and launched strategic plans to improve operational efficiency

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.  In this newly created role, Conrad will build upon the successful foundation established by the US Sports Content and Partnerships (SCP) team, which will now report to him. Over the last several years, the SCP team has secured critical partnerships including the NHL, NBA and MLB, all of which have primed Sportradar to innovate and drive value for its customers and sports fans as well as establish the company as the market le

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. Hyder brings nearly 20 years of experience in finance, communications and investor relations to the role and joins Sportradar after most recently serving as SVP of I