Record Quarter 3 Revenues
Sportradar achieved record Q3 revenues of EUR 292 million, with a 14% year-over-year increase, driven by strong uptake from existing partners and U.S. market growth.
Strong Adjusted EBITDA Growth
Adjusted EBITDA grew by 29% year-over-year, reaching a record margin of 29%, demonstrating significant operating leverage.
Free Cash Flow and Share Repurchase Program
Generated EUR 149 million in free cash flow with a 72% conversion rate. Share repurchase program increased by EUR 100 million, totaling EUR 300 million.
Completion of IMG Arena Acquisition
The acquisition is expected to be margin accretive and enhance Sportradar's competitive position, providing significant opportunities for growth.
U.S. Market Growth
U.S. revenue increased by 21%, contributing to 23% of the total revenue mix.
Innovative Product Developments
New AI-driven products such as 4Sight Streaming with enhanced motion graphics and a generative foundation model for basketball were introduced.