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Sportradar Group AG
(NASDAQ:SRAD)
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Rating:69Neutral
Price Target:
$13.00
▲(0.39% Upside)
Action:Reiterated
Date:09/23/26
The score is primarily supported by strong financial fundamentals (low leverage and solid cash generation) and a generally constructive earnings outlook with continued buybacks. The rating is held back by expensive valuation (very high P/E) and a weaker technical backdrop (below longer-term averages with negative MACD), which increases near-term risk despite improving operational momentum.
Positive Factors
Double-digit revenue growth
Sportradar is delivering strong underlying growth through customer upselling and broader technology adoption. Sustained demand for betting technology and premium sports content can expand its recurring revenue base, deepen customer relationships, and support continued scale over the next several quarters.
Negative Factors
Gross-margin volatility
The sharp change in gross margin raises questions about how consistently revenue converts into gross profit. If rights economics, product mix or delivery costs remain volatile, stronger revenue growth may not translate proportionally into durable earnings and cash-generation improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Double-digit revenue growth
Sportradar is delivering strong underlying growth through customer upselling and broader technology adoption. Sustained demand for betting technology and premium sports content can expand its recurring revenue base, deepen customer relationships, and support continued scale over the next several quarters.
Read all positive factors
Sportradar Group AG (SRAD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.89B
Dividend YieldN/A
Average Volume (3M)2.07M
Price to Earnings (P/E)217.3
Beta (1Y)0.91
Revenue Growth24.68%
EPS Growth-83.75%
CountryUS
Employees4,882
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.05
Shares Outstanding221,390,290
10 Day Avg. Volume1,791,968
30 Day Avg. Volume2,069,369
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)6.22
Price to Sales (P/S)4.91
P/FCF Ratio34.79
Enterprise Value/Market Cap1.07
Enterprise Value/Revenue3.00
Enterprise Value/Gross Profit10.53
Enterprise Value/Ebitda8.04
Forecast
1Y Price Target
$17.87Price Target Upside37.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
EPS Forecast (FY)0.23
Revenue Forecast (FY)$1.52B
Sportradar Group AG Business Overview & Revenue Model
Company Description
Sportradar Group AG is a global enterprise, operating with its subsidiaries, that specializes in providing sophisticated sports data services primarily to the sports betting and media industries. With a strong presence in the United Kingdom, the U...
How the Company Makes Money
Sportradar primarily makes money by selling subscriptions and service contracts that monetize its sports data rights, technology, and distribution network across betting and media customers. Key revenue streams typically include: (1) Betting-relat...
Sportradar Group AG Earnings Call Summary
Earnings Call Date:Aug 03, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call conveyed solid operational and financial progress—notably double-digit revenue growth, EBITDA expansion, strong free cash flow conversion, balance sheet strength and aggressive share repurchases—alongside strategic wins in IMG monetization, prediction markets and iGaming. Near-term headwinds include FX losses, restructuring costs, higher sports rights and operating expenses, moderation in the U.S. market and regulatory/tax pressures in some countries, which prompted a modestly revised near-term outlook. On balance, the execution and growth initiatives outweigh the transitory challenges, supporting a constructive view for medium-term growth.Positive Updates
Strong Revenue Growth
Revenue of EUR 378 million in Q2 2026, up EUR 60 million or 19% year-over-year (21% on a constant currency basis), driven by upsell of IMG content and Betting Technology & Solutions.
Negative Updates
Net Loss Driven by FX and One-Time Items
Reported net loss of EUR 4 million in Q2 versus profit of EUR 49 million a year ago, primarily due to unrecognized foreign currency losses of EUR 9 million (USD-denominated sports rights) and restructuring costs of EUR 11 million.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth
Revenue of EUR 378 million in Q2 2026, up EUR 60 million or 19% year-over-year (21% on a constant currency basis), driven by upsell of IMG content and Betting Technology & Solutions.
Read all positive updates
Company Guidance
Sportradar updated 2026 guidance to constant‑currency revenue growth of 19%–21% (reported revenue at current FX of €1.518–€1.533 billion) and adjusted EBITDA growth of 24%–27% (reported €360–€368 million); management expects strongest revenue growth in Q3 (driven by IMG seasonality) and an acceleration of adjusted EBITDA margin in the back half, though adjusted EBIT margins are expected to be down year‑over‑year in Q3 due to IMG seasonality. The company reiterated strong cash generation (H1 free cash flow €103 million, +23% YoY; H1 free cash flow conversion 73% vs 68% a year ago) and expects full‑year free cash flow conversion above last year’s 56% excluding a legal payment; it closed Q2 with €251 million cash, no debt, an amended €250 million RCF maturing 2031, and continued accelerated buybacks (year‑to‑date ~20 million shares repurchased for ~$311 million).Sportradar Group AG Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.39B | 1.24B | 1.11B | 877.62M | 730.19M | 561.20M |
| Gross Profit | 396.27M | 261.55M | 628.55M | 540.03M | 431.72M | 453.57M |
| EBITDA | 519.43M | 534.31M | 384.75M | 285.01M | 242.64M | 185.52M |
| Net Income | 20.44M | 96.36M | 34.15M | 34.66M | 10.89M | 12.57M |
Balance Sheet | ||||||
| Total Assets | 2.56B | 2.87B | 2.29B | 2.25B | 1.39B | 1.77B |
| Cash, Cash Equivalents and Short-Term Investments | 251.11M | 365.14M | 348.36M | 277.17M | 243.76M | 742.77M |
| Total Debt | 61.03M | 62.83M | 46.72M | 50.15M | 22.84M | 435.35M |
| Total Liabilities | 1.78B | 1.89B | 1.36B | 1.37B | 631.63M | 1.04B |
| Stockholders Equity | 782.30M | 977.92M | 925.15M | 867.79M | 751.59M | 738.82M |
Cash Flow | ||||||
| Free Cash Flow | 294.24M | 174.74M | 125.36M | 58.37M | 5.52M | 1.47M |
| Operating Cash Flow | 430.28M | 403.01M | 353.01M | 258.64M | 168.08M | 132.22M |
| Investing Cash Flow | -236.50M | -231.95M | -254.88M | -202.09M | -246.57M | -333.77M |
| Financing Cash Flow | -258.33M | -127.77M | -36.75M | -17.63M | -459.85M | 539.77M |
Sportradar Group AG Technical Analysis
Neutral
12.95
Price Trends
12.79
Negative
13.76
Negative
15.66
Negative
Market Momentum
-0.23
Negative
49.27
Neutral
61.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SRAD, the sentiment is Neutral. The current price of 12.95 is above the 20-day moving average (MA) of 12.52, above the 50-day MA of 12.79, and below the 200-day MA of 15.66, indicating a bearish trend. The MACD of -0.23 indicates Negative momentum. The RSI at 49.27 is Neutral, neither overbought nor oversold. The STOCH value of 61.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $2.11B | 36.46 | 5.37% | 1.00% | 7.64% | 17.54% | |
72 Outperform | $849.05M | -62.13 | -5.41% | ― | -1.04% | -710.67% | |
72 Outperform | $873.13M | 30.94 | 11.42% | ― | 21.99% | 271.66% | |
69 Neutral | $3.89B | 217.31 | 1.85% | ― | 24.68% | -83.75% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | $109.89M | 48.42 | 52.99% | ― | ― | ― | |
50 Neutral | $61.19M | 0.61 | -9.29% | ― | -3.23% | ― |
* Technology Sector Average
SRAD
Sportradar Group AG
12.67
-12.52
-49.70%
SCOR
comScore
3.93
-3.84
-49.42%
PUBM
PubMatic
18.52
10.32
125.85%
DSP
Viant Technology
13.17
4.57
53.14%
DV
DoubleVerify Holdings
13.52
2.35
21.04%
TP
Ticketplus
8.98
1.98
28.27%
Sportradar Group AG Corporate Events
Sportradar Delivers Double-Digit Q2 2026 Growth, Expands Prediction Market Reach
Aug 3, 2026
Sportradar reported its second-quarter 2026 results on August 3, showing total revenue of €378 million, up 19% year-over-year, driven by strong growth in Betting Technology Solutions and Sports Content, Technology Services. The quarter pro...
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.