Sportradar Group Ag Class A (SRAD) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Sportradar Group AG Class A announced a stellar fiscal year 2023, with a 20% increase in revenue and a 33% rise in adjusted EBITDA, alongside a $200 million share repurchase program, reflecting strong financial health and market confidence. The company also forecasts at least a 20% growth in both revenue and adjusted EBITDA for 2024, underpinned by strategic partnerships and innovative product launches. This performance underscores Sportradar’s robust growth trajectory and ongoing commitment to delivering value to shareholders.
For further insights into SRAD stock, check out TipRanks’ Stock Analysis page.