Sportradar Group AG focuses on operating as a holding company for Sportradar Holding AG that provides integrated sports data and technology platforms to the sports betting industry in the United Kingdom, Malta, Switzerland, and internationally. The company offers mission-critical software, data, and content to sports leagues, betting operators, and media companies. Its software solutions address the entire sports betting value chain from traffic generation and advertising technology to the collection, processing, and extrapolation of data and odds, as well as to visualization solutions, risk management, and platform services. The company was founded in 2001 and is headquartered in St. Gallen, Switzerland.
IPO Year: 2021
Exchange: NASDAQ
Website: sportradar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | $12.00 → $15.00 | Neutral → Overweight | JP Morgan |
| 9/4/2024 | $16.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 8/14/2024 | $12.00 → $16.00 | Hold → Buy | Jefferies |
| 6/18/2024 | $12.00 | Neutral | JP Morgan |
| 9/7/2023 | Mkt Perform | JMP Securities | |
| 1/9/2023 | $18.00 → $10.00 | Buy → Hold | Jefferies |
| 11/21/2022 | $12.00 | Equal-Weight | Morgan Stanley |
| 10/4/2022 | $14.00 → $8.00 | Neutral → Underperform | BofA Securities |
| 8/18/2022 | $15.00 → $17.00 | Buy | Needham |
| 4/4/2022 | $18.00 | Buy → Neutral | BofA Securities |
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
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: Benchmark's Tech, Media & Telecom Conference on September 4, 2024BofA's Gaming and Lodging Conference on September 5, 2024Citi's Global TMT Conference on September 6, 2024BTIG Digital GameDay on September 10, 2024 Sportradar will host investor meetings during the respective conferences. About SportradarSportradar Group AG (NASDAQ:SRAD), founded in 2001, is a leading global sports technolo
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, 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. About SportradarSportradar Group AG (NASDAQ:SRAD), founded in 2001, is a leading global sports technology company creating immersive experiences for sports fans and be
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
NYON and ST. GALLEN, Switzerland, July 11, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) and European Football governing body UEFA have announced a multi-year extension of their existing exclusive betting data rights agreement, expanded to include the non-exclusive right to distribute data to non-betting media. Additionally, the agreement provides Sportradar access to certain advanced tracking. This enriched data will enhance Sportradar's cutting-edge AI products and services, enabling Sportradar to deliver innovative technology solutions to its clients. The agreement covers all UEFA Club and National team competitions. These include the UEFA Champions League, UEFA Super
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Morgan Stanley analyst Connor Lynagh maintains Sportradar Gr (NASDAQ:SRAD) with a Equal-Weight and raises the price target from $11.5 to $12.
Sportradar Group AG (NASDAQ:SRAD) and European Football governing body UEFA have announced a multi-year extension of their existing exclusive betting data rights agreement, expanded to include the non-exclusive right to distribute data to non-betting media. Additionally, the agreement provides Sportradar access to certain advanced tracking. This enriched data will enhance Sportradar's cutting-edge AI products and services, enabling Sportradar to deliver innovative technology solutions to its clients. The agreement covers all UEFA Club and National team competitions. These include the UEFA Champions League, UEFA Super Cup, UEFA Europa League, UEFA Conference League, UEFA Women's Champions
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. MTS offers operators a customisable sportsbook management solution, enabling them to decide the extent of their in-house management or opt for external support. The solution enhances trading efficiency through AI and automation, facilitating real-time price adjustments and robust risk management. Year-to-date, Sportradar has processed more than 3.5 billion betting tickets via MTS for more than 200 clients, positioning the company as a global leader in liquidity among top bookmakers.
JP Morgan analyst Samuel Nielsen assumes Sportradar Gr (NASDAQ:SRAD) with a Neutral rating and announces Price Target of $12.
Jefferies analyst David Katz maintains Sportradar Gr (NASDAQ:SRAD) with a Hold and raises the price target from $11 to $12.
Benchmark analyst Mike Hickey reiterates Sportradar Gr (NASDAQ:SRAD) with a Buy and maintains $12 price target.
Needham analyst Bernie McTernan reiterates Sportradar Gr (NASDAQ:SRAD) with a Buy and maintains $16 price target.
Updated 2024 Annual Financial Outlook Sportradar is raising its fiscal 2024 outlook for revenue and Adjusted EBITDA (non-IFRS) as follows: Revenue of €1,060 million compared with prior outlook of €1,050 million, up 21% year-over-year and representing a 1-percentage point improvement in our full year growth rate. Adjusted EBITDA (non-IFRS) of at least €202 million compared with prior outlook of €200 million, up 21% and representing a 1-percentage point improvement in our full year growth rate. Adjusted EBITDA margin (non-IFRS) of approximately 19%.
Sportradar Gr (NASDAQ:SRAD) reported quarterly sales of €265.900 million which beat the analyst consensus estimate of €246.992 million by 7.66 percent. This is a 28.08 percent increase over sales of €207.600 million the same period last year.
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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
BofA Securities downgraded Sportradar Group AG from Buy to Neutral and set a new price target of $18.00
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
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