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ST. GALLEN, Switzerland - Sportradar Group AG (NASDAQ:SRAD) reported record second quarter revenue of €318 million, up 14% YoY, as the sports technology company benefited from strong growth across its business segments. The company also raised its full-year outlook, citing continued operational momentum.
Profit for the period reached €49 million, a significant improvement from a €2 million loss in the same quarter last year, driven by strong operating results and a €54 million foreign currency gain. Adjusted EBITDA increased 31% to €64 million, with margins expanding to 20.1%. Following the earnings release, Sportradar shares were up 1.7%.
"Our second quarter results, including record quarterly revenue, expanding operating margins and significant cash flow reflect our sustained operating momentum and execution against our growth strategy," said Carsten Koerl, Chief Executive Officer of Sportradar. "Our industry leading scale, including our premium content and product portfolio and leading technology and AI, is driving customer uptake and above market growth."
The company’s Betting Technology & Solutions segment grew 12% to €259 million, while Sports Content, Technology & Services revenue increased 22% to €59 million. U.S. revenue surged 30% YoY, now representing 28% of total company revenue compared to 24% in the prior year quarter.
Sportradar achieved a Customer Net Retention Rate of 117%, demonstrating its ability to expand relationships with existing clients. The company generated €97 million in operating cash flow, up 14% YoY, and reported €52 million in free cash flow for the quarter.
Based on its strong performance, Sportradar raised its 2025 outlook, now expecting revenue of at least €1,278 million (16% growth) and adjusted EBITDA of at least €284 million (28% growth). The company also anticipates adjusted EBITDA margin expansion of at least 210 basis points.
During the quarter, Sportradar repurchased $65.5 million of shares under its $200 million share repurchase plan. The company ended the period with €312 million in cash and cash equivalents and no debt outstanding.
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