SEC Form 6-K filed by Sportradar Group AG
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2024
Commission File Number: 001-40799
SPORTRADAR GROUP AG
(Translation of registrant’s name into English)
Feldlistrasse 2
CH-9000 St. Gallen
Switzerland
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
EXPLANATORY NOTE
On August 13, 2024, Sportradar Group AG (the “Company”) issued a press release reporting its second quarter 2024 financial and operating results (the “Second Quarter Earnings Release”) and filed with the U.S. Securities and Exchange Commission a Form 6-K that attached thereto the Second Quarter Earnings Release as Exhibit 99.1 (the “Second Quarter Earnings Release Form 6-K”). The Company is filing this Form 6-K solely for the purpose of correcting certain amounts in the Other comprehensive income portion of the Company’s consolidated statements of profit or loss and other comprehensive income included in the Second Quarter Earnings Release and the Second Quarter Earnings Release Form 6-K.
The table below sets forth the effect of such corrections and the revision in the Other comprehensive income portion of the Company’s consolidated statements of profit or loss and other comprehensive income.
| Three-Month Period Ended June 30, 2024 | Six-Month Period Ended June 30, 2024 | |||||||||||||||||||||||
| in €'000 (Unaudited) | Originally Reported Amounts | Corrections | Restated Amounts | Originally Reported Amounts | Corrections | Restated Amounts | ||||||||||||||||||
| Loss for the period | (1,536 | ) | — | (1,536 | ) | (2,185 | ) | — | (2,185 | ) | ||||||||||||||
| Other Comprehensive Income | ||||||||||||||||||||||||
| Items that will not be reclassified subsequently to profit or (loss) | ||||||||||||||||||||||||
| Remeasurement of defined benefit liability | (3 | ) | — | (3 | ) | (2 | ) | — | (2 | ) | ||||||||||||||
| Related deferred tax expense | (2 | ) | — | (2 | ) | (2 | ) | — | (2 | ) | ||||||||||||||
| (5 | ) | — | (5 | ) | (4 | ) | — | (4 | ) | |||||||||||||||
| Items that may be reclassified subsequently to profit or (loss) | ||||||||||||||||||||||||
| Foreign currency translation adjustment attributable to the owners of the company | 16,562 | (14,087 | ) | 2,475 | 20,571 | (14,087 | ) | 6,484 | ||||||||||||||||
| Foreign currency translation adjustment attributable to non-controlling interests | 1,143 | (1,133 | ) | 10 | 1,131 | (1,133 | ) | (2 | ) | |||||||||||||||
| 17,705 | (15,220 | ) | 2,485 | 21,702 | (15,220 | ) | 6,482 | |||||||||||||||||
| Other comprehensive income (loss) for the period, net of tax | 17,700 | (15,220 | ) | 2,480 | 21,698 | (15,220 | ) | 6,478 | ||||||||||||||||
| Total comprehensive income for the period | 16,164 | (15,220 | ) | 944 | 19,513 | (15,220 | ) | 4,293 | ||||||||||||||||
| Total comprehensive income (loss) attributable to: | ||||||||||||||||||||||||
| Owners of the Company | 16,241 | (15,220 | ) | 1,021 | 19,677 | (15,220 | ) | 4,457 | ||||||||||||||||
| Non-controlling interests | (77 | ) | — | (77 | ) | (164 | ) | — | (164 | ) | ||||||||||||||
| 16,164 | (15,220 | ) | 944 | 19,513 | (15,220 | ) | 4,293 | |||||||||||||||||
Other than as described above, no other statement or amount has been changed from those presented in the Second Quarter Earnings Release and the Second Quarter Earnings Release Form 6-K, and this Form 6-K does not modify, amend or update in any way any of the other financial or other information contained in the Second Quarter Earnings Release and the Second Quarter Earnings Release Form 6-K.
The IFRS financial information contained in the Other comprehensive income portion of the Company’s consolidated statements of profit or loss and other comprehensive income set forth above is hereby incorporated by reference into the Company’s Registration Statement on Form S-8 (File No. 333-259885).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: September 20, 2024
| SPORTRADAR GROUP AG | ||
| By: | /s/ Craig Felenstein | |
| Name: Craig Felenstein | ||
| Title: Chief Financial Officer | ||