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Sportradar Group AG (SRAD)
NASDAQ:SRAD
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Sportradar Group AG
(NASDAQ:SRAD)
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Rating:69Neutral
Price Target:
$29.00
▲(9.77% Upside)
Sportradar Group AG's overall stock score is driven by its strong financial performance and positive earnings call, which highlight robust growth and strategic execution. However, the technical analysis indicates bearish trends, and the high valuation poses a risk to potential upside. The absence of corporate events and dividend yield further tempers the score.
Positive Factors
Revenue Growth
Sportradar's consistent revenue growth highlights its strong market position and ability to expand its customer base, ensuring long-term business sustainability.
Market Expansion
Significant growth in key markets like the U.S. demonstrates Sportradar's effective market penetration and potential for continued expansion globally.
Cash Flow Generation
Strong cash flow generation provides Sportradar with the financial flexibility to invest in growth opportunities and withstand economic fluctuations.
Negative Factors
Currency Exchange Headwinds
Currency fluctuations can impact profitability and financial performance, posing a risk to Sportradar's international revenue streams.
Loss-Making Deal
Engaging in loss-making deals can strain resources and affect profitability, requiring careful management to mitigate financial impact.
Operating Margin Pressure
Declining operating margins indicate rising costs or inefficiencies, which could hinder Sportradar's ability to maintain profitability over time.
Sportradar Group AG (SRAD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.27B
Dividend YieldN/A
Average Volume (3M)1.97M
Price to Earnings (P/E)65.6
Beta (1Y)1.02
Revenue Growth20.14%
EPS Growth335.82%
CountryUS
Employees4,582
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.18
Shares Outstanding220,584,600
10 Day Avg. Volume2,830,420
30 Day Avg. Volume1,967,206
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue7.53
Enterprise Value/Gross Profit12.07
Enterprise Value/Ebitda18.68
Forecast
1Y Price Target
$33.60Price Target Upside27.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
Sportradar Group AG Business Overview & Revenue Model
Company DescriptionSportradar Group AG (SRAD) is a global leader in sports data and technology, providing services to sports federations, betting operators, and media companies. The company specializes in collecting, analyzing, and distributing sports data and content, offering a range of products that include live sports data solutions, integrity services, and advanced analytics. Sportradar operates within the sports and entertainment sectors, focusing on enhancing the fan experience and supporting the operations of its clients through innovative technology and comprehensive data solutions.
How the Company Makes MoneySportradar generates revenue through several key streams, primarily by offering data and content solutions to sports betting operators and media companies. Its main revenue sources include subscription fees for access to its extensive sports data feeds, transaction-based revenues from betting operators leveraging its technology for in-play betting, and licensing agreements for the use of its data and analytics in media broadcasts. The company has established significant partnerships with various sports leagues, federations, and betting companies, which further enhance its market position and revenue potential. Additionally, Sportradar invests in integrity services, helping sports organizations monitor and safeguard against betting-related corruption, which also contributes to its overall earnings.
Sportradar Group AG Earnings Call Summary
Earnings Call Date:Aug 05, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 12, 2025
Earnings Call Sentiment Positive
The earnings call highlighted Sportradar's strong financial performance, significant growth in the U.S. market, and successful execution of strategic initiatives like MTS and 4Sight Streaming. The company raised its full-year guidance, indicating confidence in continued momentum. Minor challenges include currency exchange headwinds and a loss-making deal for European leagues. Overall, the positive aspects far outweigh the negatives, showcasing a robust outlook for Sportradar.Q2-2025 Updates
Positive Updates
Record Quarterly Revenues
Sportradar reported all-time record quarterly revenues, up 14% year-over-year, demonstrating the strength and durability of its business model.
Strong U.S. Market Growth
The company saw a 30% growth in the U.S. market and 9% in the rest of the world, reflecting strong market fundamentals.
Managed Trading Service Momentum
MTS saw a 23% turnover growth year-to-date, driven by increased adaptation and new clients. Over 50 new sports books were signed on MTS in 2024.
4Sight Streaming Product Traction
The 4Sight Streaming product is gaining traction, particularly in fast-paced sports, with a 30% uplift in turnover for covered events.
Strong Financial Performance
Adjusted EBITDA increased 31% year-on-year, with an adjusted EBITDA margin expanding approximately 250 basis points to 20.1%.
Positive Free Cash Flow
Sportradar generated $84 million of free cash flow in the first half of the year, with a conversion rate of 68%.
Partnership Expansion
Strengthened partnership with the German Bundesliga to enhance live betting experience, adding new betting opportunities per match.
Increased Full-Year Guidance
The company raised its full-year guidance, anticipating revenues of at least EUR 1.278 billion and adjusted EBITDA of at least EUR 284 million.
Negative Updates
Currency Exchange Headwinds
Sportradar faces headwinds from the further weakening of the U.S. dollar versus the euro.
Loss-Making Deal for European Leagues
The European leagues deal, previously held by IMG ARENA, was considered loss-making and was not included in the pending acquisition.
Company Guidance
During the Sportradar Second Quarter 2025 Earnings Conference Call, the company provided robust guidance with several key metrics. They reported record quarterly revenues of $318 million, which marks a 14% increase year-over-year, and adjusted EBITDA growth of 31% to $64 million, indicating a significant margin expansion. The customer net retention rate was noted at 117%, showcasing strong client loyalty and increased uptake of offerings. Sportradar's U.S. revenue grew by 30%, and the Rest of World revenue rose by 9%, contributing to their comprehensive market presence. They highlighted that 40% of clients now utilize four or more Sportradar products, indicating successful cross-selling and upselling efforts. The Managed Trading Service (MTS) saw a turnover growth of 23% year-to-date, illustrating increased client adoption and market penetration. Furthermore, the company raised its full-year outlook, anticipating revenues of at least EUR 1.278 billion, which represents a growth of at least 16%, and adjusted EBITDA of at least EUR 284 million, reflecting a 28% increase from the previous year.Sportradar Group AG Financial Statement Overview
Summary
Sportradar Group AG demonstrates strong financial health with consistent revenue growth and profitability. The company maintains a prudent balance sheet with low leverage, ensuring financial stability. Cash flow generation is strong, supporting operational and strategic flexibility. While some areas like operating margins and equity funding can be improved, the overall financial position remains solid and supportive of future growth.Income Statement
Sportradar Group AG has shown consistent revenue growth, with a notable increase of 13.91% in the most recent period. The gross profit margin stands strong at 62.42% TTM, reflecting efficient cost management. Net profit margin also improved to 5.11% TTM, showcasing enhanced profitability. However, EBIT margin decreased to 10.79% TTM compared to the previous year, indicating a need to manage operating expenses effectively.85
Very Positive
Balance Sheet
The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.05 TTM, indicating minimal leverage and reduced financial risk. Return on equity is relatively stable at 6.05% TTM, suggesting decent returns for shareholders. However, the equity ratio of 38.32% TTM indicates room for improvement in asset funding through equity.78
Positive
Cash Flow
Sportradar exhibits strong cash flow generation with a significant increase in free cash flow by 25.53% TTM. The operating cash flow to net income ratio is robust at 6.58 TTM, indicating effective cash conversion from profits. However, the free cash flow to net income ratio of 2.67 TTM shows potential for better free cash flow generation relative to net income.80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.15B | 1.11B | 877.62M | 730.19M | 561.20M | 404.92M |
| Gross Profit | 719.09M | 628.55M | 700.05M | 571.92M | 453.57M | 321.71M |
| EBITDA | 464.65M | 418.59M | 285.01M | 242.64M | 180.98M | 171.20M |
| Net Income | 58.93M | 34.15M | 34.66M | 10.89M | 12.57M | 15.24M |
Balance Sheet | ||||||
| Total Assets | 2.54B | 2.29B | 2.25B | 1.39B | 1.77B | 957.02M |
| Cash, Cash Equivalents and Short-Term Investments | 357.82M | 348.36M | 277.17M | 243.76M | 742.77M | 385.54M |
| Total Debt | 51.40M | 46.72M | 50.15M | 22.84M | 435.35M | 438.68M |
| Total Liabilities | 1.56B | 1.36B | 1.37B | 631.63M | 1.04B | 792.88M |
| Stockholders Equity | 974.67M | 925.15M | 867.79M | 751.59M | 738.82M | 167.28M |
Cash Flow | ||||||
| Free Cash Flow | 157.34M | 125.36M | 58.37M | 5.52M | 1.47M | 57.31M |
| Operating Cash Flow | 388.08M | 353.01M | 258.64M | 168.08M | 132.22M | 151.26M |
| Investing Cash Flow | -254.81M | -254.88M | -202.09M | -246.57M | -333.77M | -98.14M |
| Financing Cash Flow | -47.77M | -36.75M | -17.63M | -459.85M | 539.77M | 274.54M |
Sportradar Group AG Technical Analysis
Negative
26.42
Price Trends
29.69
Negative
27.91
Negative
24.45
Positive
Market Momentum
-0.89
Positive
28.25
Positive
11.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SRAD, the sentiment is Negative. The current price of 26.42 is below the 20-day moving average (MA) of 29.25, below the 50-day MA of 29.69, and above the 200-day MA of 24.45, indicating a neutral trend. The MACD of -0.89 indicates Positive momentum. The RSI at 28.25 is Positive, neither overbought nor oversold. The STOCH value of 11.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SRAD.
Sportradar Group AG Risk Analysis
Sportradar Group AG disclosed 60 risk factors in its most recent earnings report. Sportradar Group AG reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
The requirements of being a public company may strain our resources and divert management's attention, and additional legal, accounting and compliance expenses may be greater than we anticipate. Q4, 2023
Sportradar Group AG Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $4.22B | 17.02 | 128.70% | 2.42% | 19.85% | 135.66% | |
71 Outperform | $5.61B | ― | -11.15% | ― | 21.97% | -69.32% | |
69 Neutral | $8.27B | 65.61 | 11.80% | ― | 20.14% | 335.82% | |
67 Neutral | $3.36B | ― | -5.23% | ― | 19.78% | 47.51% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $4.38B | ― | -31.02% | ― | 20.42% | -9.39% | |
60 Neutral | $1.35B | ― | -33.99% | ― | 9.93% | -11.15% |
* Technology Sector Average
SRAD
Sportradar Group AG
26.42
14.49
121.46%
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31.77
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FRSH
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11.32
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AMPL
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10.14
1.51
17.50%
Sportradar Group AG Corporate Events
Sportradar Reports Strong Q2 2025 Results and Raises Full-Year Outlook
Aug 5, 2025
On August 5, 2025, Sportradar Group AG announced its second quarter financial results, highlighting a 14% increase in revenue to €318 million and a profit rise to €49 million. The company reported a significant growth in its Betting Technology & Solutions and Sports Content, Technology & Services segments. Sportradar also raised its full-year outlook, expecting revenue growth of at least 16% and Adjusted EBITDA growth of 28%. The announcement underscores Sportradar’s strong market position and operational momentum, with strategic initiatives like the acquisition of IMG ARENA expected to further enhance its capabilities and value for stakeholders.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.