Sportradar Group Ag Class A ( (SRAD) ) has released its Q3 earnings. Here is a breakdown of the information Sportradar Group Ag Class A presented to its investors.
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Sportradar Group AG is a global sports technology company that provides immersive experiences for sports fans and bettors, operating at the intersection of the sports, media, and betting industries. The company recently reported its third-quarter financial results, highlighting a 14% increase in revenue to €292 million and a profit of €22 million. Adjusted EBITDA rose by 29% to €85 million, with a record margin of 29%. The company also announced a $100 million increase in its share repurchase program, bringing the total authorization to $300 million. Key financial metrics showed strong performance, with revenue growth driven by a 31% increase in Sports Content, Technology & Services and an 11% rise in Betting Technology & Solutions. The U.S. market contributed significantly with a 21% revenue increase. Sportradar’s acquisition of IMG ARENA is expected to enhance its competitive position and drive further growth. Looking ahead, Sportradar has raised its full-year 2025 outlook, anticipating at least €1,290 million in revenue and €290 million in Adjusted EBITDA, reflecting continued strategic growth and market expansion.