📈 Price History

Ratio Health

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— Good

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By Category

📊 Sector Averages

About

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in Switzerland, the United States, North America, Africa, Malta, the Asia Pacific, the Middle East, Europe, Latin America, and the Caribbean. The company offers betting technology and solutions, including betting and gaming content; real-time sports data points; pre-match and live odds services; streaming and betting engagement services; iGaming, which includes virtual soccer, horse and dog racing, basketball, tennis, baseball, and cricket; managed betting and trading services; and sports betting and gaming platform. It also provides sports content, technology, and services that include marketing services; sports media services comprising data, content and solutions for broadcasters, publishers, rights-holders, and technology companies; integrity services, including monitoring, intelligence, education, consultancy, rights protection, and regulatory solutions; and sports performance solutions for competition management, official data generation, automated content distribution and performance analysis, which include video and analytics, and coaching and scouting products. The company was founded in 2001 and is headquartered in Sankt Gallen, Switzerland.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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🔍 Concall Decoded

🎙 Management Tone Tracker Mixed ↓ Deteriorating 4 quarters analysed

Q2 2025

Confident Specific

Management uses phrases like 'excited to report another quarter of strong execution', 'all-time record quarterly revenues', 'raising our full-year outlook' and provides detailed figures (revenue $318M, EBITDA $64M, margin 20.1%) and specific growth rates (U.S. +30%, MTS +21%).

Q3 2025

Confident Specific

Management repeatedly used phrases like 'strong execution', 'record quarter', 'record Adjusted EBITDA margin', 'strong flow through', and 'accelerating growth'. They provided specific figures (e.g., EUR 292 million revenue, 29% margin, 72% free cash flow conversion) and raised guidance, showing assuredness.

Q4 2025

Confident Specific

Management used consistently strong positive language: 'record revenue and Adjusted EBITDA', 'ahead of the expectations we laid out at our Investor Day', 'significant margin expansion', and 'long runway ahead for further expansion'. No hedging or defensive language detected.

Q1 2026 latest

Mixed

management led with a strong defense against short seller allegations ('reject the unfounded and misinformed allegations') while expressing confidence in business momentum and reaffirming guidance. Tone shifts between defensive on compliance issues and upbeat about IMG, prediction markets, and share buybacks.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears largely unchanged but with slightly more specificity on growth drivers. The IMG integration is tracking ahead of expectations, and prediction markets are being built into guidance for the first time, providing a potential catalyst. However, the short-seller allegations and the acknowledged low- to mid-single-digit gray market exposure introduce incremental regulatory and reputational risk. The aggressive buyback and CEO personal purchase signal strong insider conviction, but investors will need to see concrete prediction market deals and sustained cost discipline to fully restore confidence. Key watch items: announcement of prediction market partnerships, Q2 revenue trajectory given marketing softness, and any regulatory fallout from the recent reports.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Mixed ↓ Deteriorating 4 quarters Full tone analysis in Intelligence →

📊 MIXED Sportradar Q1 2026 revenue EUR 347M, 11% YoY, full-year guidance reaffirmed.

Revenue & Profitability

Q1 2026 revenue was EUR 347 million, up 11% year-over-year (16% on constant currency). Adjusted EBITDA was EUR 66 million, up 12% year-over-year, with a 19% margin. Net loss was EUR 6 million versus a profit of EUR 24 million a year ago, driven by foreign currency losses. Free cash flow was EUR 44 million, a conversion rate of 67%. The company ended the quarter with EUR 322 million in cash and no debt.

Outlook

Management expressed confidence in the full-year 2026 outlook despite short-term headwinds such as FX, slower U.S. market growth, and timing of marketing campaigns. They expect strongest revenue growth in Q2 and Q3, driven by the FIFA World Cup and prediction market opportunities. The prediction markets are seen as expanding the total addressable market by attracting new demographics and states without significant cannibalization of online sports betting.

Growth Drivers

Key growth levers include further monetization of IMG rights (expected to exceed 25% revenue synergy target), expansion of Managed Trading Services (turnover up 24% in Q1), the launch of PlayRadar iGaming brand in Europe and the Americas, and prediction market services for exchanges, market makers, and brokers. The FIFA World Cup in June is expected to boost betting turnover and marketing spend. Global customer renewals also present upside opportunities.

Balance Sheet & CapEx

CapEx was not explicitly discussed. However, the company announced restructuring charges of EUR 13-18 million for the remainder of 2026 to streamline operations and drive efficiencies. Investments in AI and GenAI are being deployed to reduce engineering lead times by 20% and automate sports operations. The company is also investing in ultra-low latency data and server co-location for prediction markets.

Margins

Q1 2026 adjusted EBITDA margin was 19%, up slightly year-over-year. Management expects approximately 200-225 basis points of margin expansion for full-year 2026, driven by operating leverage, cost synergies from IMG, and a stable cost base. Personnel expenses declined 144 basis points as a percentage of revenue, and purchase services declined 84 basis points. Free cash flow conversion is expected to exceed 56% for the full year.

Key Risks

Risks highlighted include foreign currency headwinds (particularly USD/EUR), short-seller allegations described as unfounded, volatility in marketing services revenue, slower-than-expected U.S. market growth, unfavorable sporting outcomes in Managed Trading Services (MTS), and data piracy (e.g., scraping). Management also noted that regulatory scrutiny could affect prediction market offerings, though they see no current limitations.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-03

Revenue grew 19% year-over-year to EUR 378 million, with strong gains in betting and gaming content and robust free cash flow. Guidance was revised downward due to delayed prediction market deals and U.S. market softness, but long-term growth prospects remain strong.

Q1 2026 Q1 2026 2026-04-28

Q1 2026 revenue grew 11% to €347M, with adjusted EBITDA up 12% and strong free cash flow. The company reaffirmed its 2026 outlook, highlighted robust compliance, expanded share repurchases, and sees prediction markets and IMG synergies as key growth drivers.

Q4 2025 Q4 2025 2026-03-03

Achieved record revenue and margin expansion in 2025, driven by strong operational execution and the successful IMG acquisition. 2026 guidance anticipates robust revenue and EBITDA growth, with continued share repurchases and innovation in AI-powered products.

Q3 2025 Q3 2025 2025-11-05

Q3 revenue rose 14% to €292M and Adjusted EBITDA grew 29% to €85M, with strong Free Cash Flow and margin expansion. The IMG Arena acquisition is expected to drive further growth and synergies, with raised 2025 guidance and robust 2026 outlook.

Q2 2025 Q2 2025 2025-08-05

Record Q2 revenue grew 14% year-over-year, driven by strong U.S. and global market expansion, robust product uptake, and margin improvement. Raised full-year guidance, with continued momentum in Managed Trading Services, new product innovation, and disciplined capital allocation.

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