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 |
|---|---|---|---|
| 4/22/2025 | $28.00 | Underperform → Buy | BofA Securities |
| 4/11/2025 | $28.00 | Buy | BTIG Research |
| 3/20/2025 | $18.00 → $27.00 | Buy | Needham |
| 2/26/2025 | $27.00 | Buy | Guggenheim |
| 1/15/2025 | $17.00 → $23.00 | Buy | Jefferies |
| 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 |
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20-F - Sportradar Group AG (0001836470) (Filer)
Full Year 2024 Highlights Revenue increased 26% to €1,107 millionProfit for the period of €34 million was in-line with prior yearAdjusted EBITDA1 increased 33% to €222 million and Adjusted EBITDA margin1 expanded to 20.1%Net cash from operating activities increased 36% to €353 million and Free cash flow1 increased 133% to €118 millionCustomer Net Retention Rate1 increased to 127%Implemented $200 million share repurchase plan and purchased $20.3 million under the planExceeded full year guidance for both revenue and Adjusted EBITDAAcquired affiliate marketing assets of XLMedia PLC Fourth Quarter 2024 Highlights Revenue increased 22% to €307 millionLoss for the period of €1
ST. GALLEN, Switzerland, March 06, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar") will release its financial and operating results for the fourth quarter and full year ended December 31, 2024, on Wednesday, March 19, 2025. Sportradar will also host an earnings call via webcast to discuss the results at 8:30 a.m. Eastern time on Wednesday, March 19, 2025. 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 SportradarS
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
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
ST. GALLEN, Switzerland, April 24, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company") today announced the pricing of the previously announced secondary public offering of an aggregate of 23,000,000 Class A ordinary shares of the Company (the "Secondary Offering") by an affiliate of Canada Pension Plan Investment Board, an affiliate of TCV, and Carsten Koerl, the Company's Chief Executive Officer (collectively, the "Selling Shareholders"), at a price to the public of $22.50 per share. The underwriters have been granted a 30-day option to purchase up to an additional 3,450,000 Class A ordinary shares from certain of the Selling Shareholders. The Compan
ST. GALLEN, Switzerland, April 22, 2025 (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, in conjunction with its filing of a preliminary prospectus supplement, preliminary unaudited financial results for the first quarter ended March 31, 2025. Preliminary First Quarter 2025 Results The following preliminary unaudited first quarter 2025 results are based on preliminary internal data available as of the date of this announcement: Revenue of approximately €307 million to €311 millionProfit for the period of ap
ST. GALLEN, Switzerland, April 22, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company") today announced a proposed secondary public offering of an aggregate of 23,000,000 Class A ordinary shares of the Company (the "Secondary Offering") by an affiliate of Canada Pension Plan Investment Board, an affiliate of Technology Crossover Ventures, and Carsten Koerl, the Company's Chief Executive Officer (collectively, the "Selling Shareholders"). The underwriters will have a 30-day option to purchase up to an additional 3,450,000 Class A ordinary shares from the Selling Shareholders. The Company is not selling any shares and will not receive any proceeds from t
ST. GALLEN, Switzerland, April 01, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company"), the leading global sports technology company, will today host an Investor Day to present the Company's growth strategy and financial outlook. Chief Executive Officer, Carsten Koerl, Chief Financial Officer, Craig Felenstein, and other members of the Sportradar leadership team will provide an in-depth look into the Company's priorities and growth opportunities. The event will also feature a fire-side chat with Adam Silver, NBA Commissioner and Gary Bettman, NHL Commissioner, as well as presentations from Jason Robins, Co-Founder and CEO of DraftKings and George D
ST. GALLEN, Switzerland, March 20, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (the "Company") today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission on March 20, 2025. The annual report on Form 20-F can be accessed on the Company's investor relations website at https://investors.sportradar.com/financials-filings/sec-filings or on the SEC's website at www.sec.gov. The Company will provide a paper copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed in writing by email to in
Full Year 2024 Highlights Revenue increased 26% to €1,107 millionProfit for the period of €34 million was in-line with prior yearAdjusted EBITDA1 increased 33% to €222 million and Adjusted EBITDA margin1 expanded to 20.1%Net cash from operating activities increased 36% to €353 million and Free cash flow1 increased 133% to €118 millionCustomer Net Retention Rate1 increased to 127%Implemented $200 million share repurchase plan and purchased $20.3 million under the planExceeded full year guidance for both revenue and Adjusted EBITDAAcquired affiliate marketing assets of XLMedia PLC Fourth Quarter 2024 Highlights Revenue increased 22% to €307 millionLoss for the period of €1
Will Strengthen Company's Global Offering for Most Bet Upon Sports Including Tennis, Soccer and Basketball Expected to Accelerate Revenue, Adjusted EBITDA and Free Cash Flow Growth and Will Be Accretive to Adjusted EBITDA Margins ST. GALLEN, Switzerland, March 19, 2025 (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 it has entered into a definitive agreement with Endeavor Group Holdings, Inc. ("Endeavor") (NYSE:EDR) to acquire IMG ARENA and its global sports betting rights portfolio. IMG ARENA's por
ST. GALLEN, Switzerland, March 06, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar") will release its financial and operating results for the fourth quarter and full year ended December 31, 2024, on Wednesday, March 19, 2025. Sportradar will also host an earnings call via webcast to discuss the results at 8:30 a.m. Eastern time on Wednesday, March 19, 2025. 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 SportradarS
Amended Complaint Details Market Manipulation & Anti-Competitive Practices That Restrict Industry Competition SportsCastr Inc. (D/B/A PANDA Interactive), a pioneering sports streaming and betting technology company, announced today that it has filed amended complaints against Genius Sports (NYSE:GENI) and Sportradar (NASDAQ:SRAD), adding parallel antitrust claims to its ongoing patent infringement lawsuit. The complaint asserts that both Defendants have unlawfully tied access to the official sports data they exclusively control with their own betting technology—suppressing competition and limiting consumer choice. This antitrust action builds on PANDA's original lawsuit, filed in Octobe
NEW YORK and ST GALLEN, Switzerland, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Major League Baseball (MLB) and Sportradar Group AG (NASDAQ:SRAD) today announced a long-term extension and expansion of their decade-long partnership, set to begin with the 2025 season, aimed at unlocking the full potential of MLB's data and audiovisual (AV) content while growing America's pastime worldwide. As part of the agreement, MLB has acquired an equity stake in Sportradar, further solidifying the partnership between the two organizations and supporting future growth opportunities. Under the new terms, Sportradar, in partnership with MLB, will exclusively distribute MLB's ultra-low latency official data, media
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BofA Securities upgraded Sportradar Group AG from Underperform to Buy and set a new price target of $28.00
BTIG Research initiated coverage of Sportradar Group AG with a rating of Buy and set a new price target of $28.00
Needham reiterated coverage of Sportradar Group AG with a rating of Buy and set a new price target of $27.00 from $18.00 previously
Guggenheim initiated coverage of Sportradar Group AG with a rating of Buy and set a new price target of $27.00
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