Business
Sportradar Reports First Quarter Results
First Quarter 2025 Highlights Revenue increased 17% to €311 millionProfit for the period increased to €24 million and expanded to 7.8% as a percentage of
About this update from Sportradar Group Ag
[{"type":"text","content":"First Quarter 2025 Highlights Revenue increased 17% to €311 millionProfit for the period increased to €24 million and expanded to 7.8% as a percentage of revenueAdjusted EBITDA1 increased 25% to €59 million and Adjusted EBITDA margin1 expanded to 18.9%Net cash generated from operating activities increased 52% to €102 million and Free cash flow1 increased €32 million to €32 millionAchieved Customer Net Retention Rate1 of 122%Extended and expanded partnership with Major League Baseball through 2032Announced agreement to acquire IMG ARENA and its global sports betting rights portfolio ST. GALLEN, Switzerland, May 12, 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 financial results for its first quarter ended March 31, 2025.Carsten Koerl, Chief Executive Officer of Sportradar, said: \"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. The continued momentum we are generating builds upon our success from last year, demonstrating the durability of our business and our mission critical role in the expanding sports ecosystem. During the quarter we also further bolstered our leading content portfolio with the extension and expansion of our partnership with Major League Baseball and we signed an agreement to acquire IMG ARENA's sports betting rights portfolio. We are excited by the unique opportunities these valuable properties will provide to our customers and look forward to generating additional value for our shareholders in 2025 and beyond.\" FIRST QUARTER FINANCIAL RESULTS Revenue Three-Month Period EndedMarch 31,in € thousands (unaudited) 2025 2024 Change %Revenue by product Betting & Gaming Content 193,807 171,588 22,219 13%Managed Betting Services 56,214 48,328 7,886 16%Betting Technology & Solutions 250,021 219,916 30,105 14% Marketing & Media Services 46,610 34,278 12,332 36%Sports Performance 11,411 9,306 2,105 23%Integrity Services 3,189 2,394 795 33%Sports Content, Technology & Services 61,210 45,978 15,232 33%Total Revenue 311,231 265,894 45,337 17% Revenue by geography Rest of World 225,130 200,332 24,79...