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ST. GALLEN - Sportradar Group AG (NASDAQ: SRAD), a global sports technology company with a market capitalization of $6.89 billion, today announced preliminary unaudited financial results for the first quarter ended March 31, 2025. The company reported an estimated revenue of €307 million to €311 million and a profit for the period of approximately €20 million to €24 million. Additionally, Sportradar disclosed an Adjusted EBITDA range of €56 million to €58 million for the quarter. According to InvestingPro data, the company maintains strong financial health with an overall score of "GREAT" and has demonstrated impressive revenue growth of 26.09% over the last twelve months.
The preliminary financial data released by Sportradar is based on internal figures and management’s analysis as of the date of the announcement. It is important to note that these figures have not been reviewed or audited by the company’s independent registered accounting firm, and adjustments may be made during the finalization of the quarterly financial results. InvestingPro analysis reveals that the company holds more cash than debt on its balance sheet and maintains a healthy current ratio of 1.53, indicating strong liquidity position.
Sportradar plans to publish its full financial and operating results for the first quarter on May 12, 2025, and will hold a webcast earnings call at 8:30 a.m. Eastern time on the same day to discuss the details.
The company has provided a reconciliation of its non-IFRS financial measure, Adjusted EBITDA, to the most directly comparable IFRS measure, which is the profit for the period from continuing operations. This includes adjustments for finance income and costs, depreciation and amortization, foreign currency gains or losses, share-based compensation, and other non-recurring items.
Sportradar emphasizes that non-IFRS financial measures such as Adjusted EBITDA are used internally for analyzing financial results and believes they are useful to investors as a supplement to IFRS measures in evaluating the company’s ongoing operational performance. However, these non-IFRS measures should not be seen as a substitute for financial information prepared in accordance with IFRS.
The press release also contains forward-looking statements regarding Sportradar’s estimated results for the period ended March 31, 2025. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance.
Sportradar, established in 2001, serves as a key player at the intersection of sports, media, and betting industries, providing solutions to sports federations, media companies, consumer platforms, and sports betting operators. The company is also involved in safeguarding sports integrity through its services and advocacy. The stock has delivered an impressive 137.46% return over the past year and is currently trading near its 52-week high. For deeper insights into Sportradar’s financial health and growth prospects, investors can access comprehensive analysis and 14 additional ProTips through InvestingPro’s detailed research reports.
This news article is based on a press release statement from Sportradar Group AG.
In other recent news, Sportradar Group AG announced a secondary public offering of 23 million Class A ordinary shares, with affiliates of the Canada Pension Plan Investment Board, Technology Crossover Ventures, and CEO Carsten Koerl as the sellers. The company itself will not receive any proceeds from this offering. Concurrently, Sportradar authorized the repurchase of 3 million Class A ordinary shares as part of its existing $200 million share repurchase program. Analyst firms have shown increased confidence in Sportradar’s financial outlook, with BofA Securities upgrading the stock to a Buy rating and raising the price target to $28. Benchmark analysts also raised the price target to $30, citing Sportradar’s strong revenue model and global demand for its products. BTIG initiated coverage with a Buy rating and a $28 price target, highlighting the company’s potential for steady growth. Canaccord Genuity maintained a Buy rating and increased the price target to $32, following insights from Sportradar’s investor day. These developments reflect a positive reevaluation of Sportradar’s financial performance and strategic initiatives.
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