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Investing.com -- Sportradar Group AG (NASDAQ:SRAD) shares rose nearly 2% in premarket trading Monday after the company reported first-quarter revenue that topped analyst expectations.
The Swiss firm posted Q1 earnings per share (EPS) of $0.01, missing the consensus estimate of $0.04. Revenue for the period jumped 11% year-over-year to $311 million, exceeding expectations of $304.83 million.
Adjusted EBITDA rose 25% year-over-year to €59.0 million, ahead of the €54.9 million forecast.
"We had a strong start to the year with record quarterly revenue as we delivered broad-based growth across our leading product suite and diverse global footprint, while expanding margins and cash flow," said Carsten Koerl, CEO of Sportradar.
For full-year 2025, the company expects revenue of $1.273 billion, below the $1.435 billion consensus. Adjusted EBITDA is projected to be at least €281 million, compared with the €282.3 million analyst estimate.
Sportradar noted that the 2025 guidance does not yet reflect any contribution from its pending acquisition of IMG ARENA. The company plans to update the outlook once the transaction closes.