Sportradar Group Ag · NASDAQ:SRAD
Sportradar — Q2 2026 Earnings Presentation
27 slides from Sportradar's earnings presentation, Aug 3, 2026
Slide 1: Q2 2026 Earnings
Q2 2026 EARNINGS | August 3, 2026
Slide 2: Disclaimer
DISCLAIMER Certain statements in this press release may constitute “forward-looking” statements and information within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigatio
Slide 3: Delivered Strong Performance with Continued Operating Momentum
DELIVERED STRONG PERFORMANCE WITH CONTINUED OPERATING MOMENTUM Delivered Q2 revenue of €378 million, up 19% YoY and grew Adjusted EBITDA1 19% YoY, expanded 1 Adjusted EBITDA margin1 to 20.2%. Generated strong Free cash flow1 of €103 million year-to-date, up 23% YoY, and increased Free cash flow 2 co
Slide 4: Q2 2026 Financial Highlights
Q2 2026 FINANCIAL HIGHLIGHTS Continued Strong Execution with Double-Digit Revenue Growth, Margin Expansion & Significant Free Cash Flow Q2 2026 FINANCIAL HIGHLIGHTS Revenue Adjusted EBITDA Free cash flow (YTD) +19% +19% +23% €378MM €76MM €103MM Net Retention Rate1 Adjusted EBITDA Free cash flow conv
Slide 5: Extensive Breadth and Scale in the Global Sports Ecosystem
400 LEAGUES & FEDERATIONS EXTENSIVE BETTING & BREADTH AND 800 PREDICTION MARKET SCALE IN THE OPERATORS GLOBAL SPORTS MEDIA & ECOSYSTEM 900 TECH PARTNERS MATCHES >1M ANNUALLY, COVERING 85 SPORTS 5
Slide 6: Continued Progress Integrating IMG Rights Portfolio
CONTINUED PROGRESS INTEGRATING IMG RIGHTS PORTFOLIO Product Integration Client Uptake Rights Extensions PGA Tour: Strong Uptake: Wimbledon: Expanded Premium Golf Service to the PGA 100% of Tier 1 clients and 60% of non-IMG Secured multi-year extension to provide Tour, including Live Match Trackers,
Slide 7: Managed Trading Services Turnover Up 26% TTM
MANAGED TRADING SERVICES TURNOVER UP 26% TTM MTS benefitted from major US sport playoffs and World Cup Group stages € Turnover p.a. KPIs 49.0bn +26% Turnover 43.8bn MTS Turnover TTM 35.0bn 23.1bn 27.4bn 11% Trading Margin Generated for clients TTM 13.1bn 4.8bn 6.6bn 0.1bn 0.7bn 1.4bn 2.5bn $2.5 Bill
Slide 8: Entered Strategic Partnership with Kalshi
ENTERED STRATEGIC PARTNERSHIP WITH KALSHI → First of its kind agreement to power Kalshi’s global sports prediction market offering → Includes comprehensive Official Sports Data & Live Odds Industry-Leading Integrity Services portfolio of products & Fast, reliable, accurate data to ensure UFDS AI & S
Slide 9: Powering the Prediction Market Ecosystem
POWERING THE PREDICTION MARKET ECOSYSTEM Clearing House (DCO) EXCHANGES MARKET MAKERS BROKERS (FCM) (DCM) / LIQUIDITY Clients Leagues SPORTRADAR PREDICTION SERVICES Customer Acquisition & Official Sports Data & Odds Official Sports Data retention Fan Engagement Tools & Odds Visualization Tools Visua
Slide 10: Expanding Playradar iGaming Offering
EXPANDING PLAYRADAR iGAMING OFFERING Creating differentiated entertainment experiences that seamlessly connect sports betting and iGaming LIVE Ontario Michigan Denmark Q3 New Jersey Alberta Q4 Italy Spain 10
Slide 11: Financial Results
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Slide 12: Delivered Strong Revenue and Profitability
DELIVERED STRONG REVENUE AND PROFITABILITY CONSOLIDATED REVENUE (€MM) CONSOLIDATED ADJUSTED EBITDA (€MM) KEY QUARTERLY TAKEAWAYS • Achieved strong second quarter revenue of €378mm, up 19%, due to strong uptake of IMG content, continued upsell to existing clients and the addition of new clients in ad
Slide 13: Summary of Revenue to Adjusted EBITDA
SUMMARY OF REVENUE TO ADJUSTED EBITDA (€MM) Q2 2025 Q2 2026 Revenue 318 378 Sport rights expense (106) (138) Adjusted purchased services1 (44) (52) Adjusted personnel expenses1 (80) (77) Adjusted other operating expenses1 (24) (35) Adjusted EBITDA 64 76 Adjusted EBITDA margin (%) 20.1% 20.2% 1 Non-I
Slide 14: Betting Technology & Solutions
BETTING TECHNOLOGY & SOLUTIONS REVENUE (€MM) KEY QUARTERLY TAKEAWAYS • Betting Technology and Solutions revenue increased 21% YoY, primarily driven by: • Betting and Gaming Content grew €55 million or 27%, benefiting from contributions from IMG, uptake of our content and products from both new and e
Slide 15: Sports Content, Technology & Services
SPORTS CONTENT, TECHNOLOGY & SERVICES REVENUE (€MM) KEY QUARTERLY TAKEAWAYS • Sports Content, Technology and Services revenue increased 9% YoY, primarily driven by: • Marketing and Media Services increased €6 million, or 16% YoY, due to contributions from new and existing media and technology custom
Slide 16: Sport Rights Expenses and Purchased Services
SPORT RIGHTS EXPENSES AND PURCHASED SERVICES SPORT RIGHTS EXPENSES1 (€MM) KEY QUARTERLY TAKEAWAYS • Sport rights expenses were €138 million, up €32 million or 30% YoY, primarily driven by the addition of IMG content. ▲ ▲ 30% 24% • Adjusted purchased services, were up 20% driven by higher cloud costs
Slide 17: Personnel Expenses and Other Operating Expenses
PERSONNEL EXPENSES AND OTHER OPERATING EXPENSES ADJUSTED PERSONNEL EXPENSES (€MM) KEY QUARTERLY TAKEAWAYS • Adjusted personnel expenses were €77 million, down €3 million or 4% YoY, as we ▲ ▲ begin to realize the benefits of the cost (4)% 1% efficiency initiatives while closely managing headcount to
Slide 18: Cost Profile and Drivers of Operating Leverage
COST PROFILE AND DRIVERS OF OPERATING LEVERAGE ADJUSTED EBITDA MARGIN & ADJUSTED EXPENSES AS A % OF REVENUE KEY TAKEAWAYS • Achieved Adjusted EBITDA margin expansion of 10 basis points in 2Q26, driven by revenue growth as well as lower adjusted personnel costs. • Projecting 70 to 100 basis points of
Slide 19: Long-Term Sports Rights Deals Provide Cost Visibility
LONG-TERM SPORTS RIGHTS DEALS PROVIDE COST VISIBILITY Average term remaining for major contracts1 ~4 yrs • Disciplined and strategic, with a diverse portfolio of exclusive global sports content, including basketball, baseball, soccer, hockey and tennis. • Secured major sports contracts long term, pr
Slide 20: Strong Cash Generation and Liquidity Position
STRONG CASH GENERATION AND LIQUIDITY POSITION Free Cash Flow (€MM) Total Liquidity (€MM) Revolver Cash and cash equivalents KEY TAKEAWAYS • Generated €103 million in Free cash flow year- to-date, up 23% YoY, translating to 73% 585 conversion rate. 501 • Strong balance sheet with no debt outstanding.
Slide 21: FY2026 Outlook
FY2026 OUTLOOK Updated 2026 Guidance Constant Currency Guidance2 Metric (€MM) 2025 Actual Growth1 (Currency Impacted) Revenue €1,290 million 19% to 21% €1,518 to €1,533mm Adjusted EBITDA €297 million 24% to 27% €360 to €368 Adjusted EBITDA margin 23.0% 90 to 120 bps expansion 23.7% to 24.0% Free cas
Slide 22: Appendix
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Slide 23: Non-IFRS Financial Measures and Operating Metric
NON-IFRS FINANCIAL MEASURES AND OPERATING METRIC We have provided in this press release financial information that has not been prepared in accordance with IFRS, including Adjusted EBITDA, Adjusted EBITDA margin, Constant Currency metrics, Adjusted purchased services, Adjusted personnel expenses, Ad
Slide 24: Non-IFRS Financial Measures and Operating Metrics
NON-IFRS FINANCIAL MEASURES AND OPERATING METRICS • "Constant Currency" information compares results between periods as if exchange rates had remained constant. As the impact of exchange rate fluctuations can be highly variable, we believe these metrics, unaffected by exchange rate variability, prov
Slide 25: P&L and Adjusted EBITDA Reconciliation
P&L AND ADJUSTED EBITDA RECONCILIATION Three-Month Period Ended Three-Month Period Ended (Unaudited) June 30, (Unaudited) June 30, in €'000 2026 2025 in €'000 2026 2025 Revenue 377,815 317,790 (Loss) profit for the period (3,517) 49,117 Personnel expenses (109,034) (101,781) Finance income (2,313) (
Slide 26: IFRS Expenses to Non-IFRS Expenses Bridge
IFRS EXPENSES TO NON-IFRS EXPENSES BRIDGE Three-Month Period Ended (Unaudited) June 30, in €'000 2026 2025 Non-capitalized sport rights expenses 37,533 31,685 Amortization of capitalized sport rights 100,219 74,509 Total sport rights expenses 137,752 106,194 Purchased services 54,286 48,124 Less: ca
Slide 27: Free Cash Flow Reconciliation
FREE CASH FLOW RECONCILIATION Six-Month Period Ended (Unaudited) June 30, in €'000 2026 2025 Net cash from operating activities 225,898 199,595 Acquisition of intangible assets (113,313) (109,284) Acquisition of property plant and equipment (5,416) (2,255) Payment of lease liabilities (3,875) (3,972