Sportradar reports record revenues

Sportradar has announced record first-quarter revenue of €311m, a significant 17% year-on-year increase.

This growth was primarily driven by strong performances in betting technology and solutions (up 14% to €250m) and sports content, technology and services (up 33% to €61m).

A key factor in this success was the impressive 31% revenue growth in the US. now representing 28% of total revenue. The company also reported a strong customer net retention rate of 122%.

Profitability saw a substantial improvement, with a profit of €24m compared to a €1m loss in the same period last year. Adjusted EBITDA also rose significantly by 25% to €59m.

A major development during the quarter was the agreement to acquire IMG ARENA’s sports betting rights portfolio, expected to enhance Sportradar’s content, particularly in tennis, soccer, and basketball, with completion anticipated in Q4 2025.

Sportradar also extended its partnership with Major League Baseball (MLB) for eight years, gaining exclusive distribution rights for data and media content and planning AI-driven fan experiences. Additionally, the company expanded its Alpha Odds solution into cricket and secured integrity and data partnerships with Brazilian volleyball and football federations.

The company maintains a strong financial position with €358m in cash and total liquidity of €578m. Free cash flow for the quarter was €32m.

Sportradar reaffirmed its 2025 outlook, projecting revenue of at least €1.273bn and adjusted EBITDA of at least €281m, not yet including the impact of the IMG ARENA acquisition. The company has also repurchased $86m of its shares as part of its buyback program.