Sportradar AG(SRAD)
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Sportradar Reports Notable Decline in Match-Fixing in 2024
GlobeNewswire· 2025-01-09 08:00
Global Sports Integrity Trends - Significant drop in suspicious matches detected globally in 2024, with 1,108 matches identified, a 17% decrease from 2023 [1] - Europe saw a 34% reduction in suspicious matches, with 439 matches identified compared to 668 in 2023 [1] - Africa recorded a 36% decline in suspicious matches, with 69 matches detected compared to 108 in 2023 [1] Soccer Integrity Improvements - Soccer, the world's most popular sport, saw an 18% reduction in suspicious matches, with 721 matches detected in 2024 compared to 881 in 2023 [2] - Brazilian soccer experienced a significant 48% decrease in suspicious matches, with 57 matches detected in 2024 compared to 110 in 2023 [2] Sportradar's Role in Integrity Monitoring - Sportradar monitored over 850,000 matches across 70 sports worldwide in 2024 using advanced data analytics and AI through its Universal Fraud Detection System (UFDS) [1][2] - The company provided integrity support for major global events such as the IOC 2024 Summer Olympics, UEFA EURO 2024, CONMEBOL Copa America 2024, and AFC Asian Cup 2023 [2] - Sportradar partnered with ATP and Tennis Data Innovations to launch an AI-driven safe sport solution to protect athletes from online abuse [2] Sportradar's Industry Position - Sportradar is a leading global sports technology company founded in 2001, providing solutions to sports federations, media, and betting operators [3] - The company covers close to a million events annually across major sports and partners with organizations like ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, CONMEBOL, and Bundesliga [3] - Sportradar's Integrity Services division plays a crucial role in safeguarding sports and advocating for an integrity-driven environment [3]
Sportradar Q3: Earnings Momentum Stands Incredibly Strong
Seeking Alpha· 2024-12-17 08:53
I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company's financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn't limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a ...
Sportradar to Participate in the UBS Media and Communications Conference
GlobeNewswire News Room· 2024-12-05 13:00
ST. GALLEN, Switzerland, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced that Craig Felenstein, the Company’s Chief Financial Officer, will participate in the UBS Media & Communications Conference on Tuesday, December 10th, 2024. The fireside chat will take place at 1:30 pm eastern time. The webcast can be accessed at investor ...
Sportradar to Participate in the Morgan Stanley Consumer & Retail Conference
GlobeNewswire News Room· 2024-12-02 21:01
ST. GALLEN, Switzerland, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced that Craig Felenstein, the Company’s Chief Financial Officer, will participate in the Morgan Stanley Consumer & Retail Conference on Wednesday, December 4th, 2024. The fireside chat will take place at 2:15 pm eastern time. The webcast can be accessed at i ...
Sportradar Launches Gen AI Audio Advertising for Sportsbook and Casino Operators
GlobeNewswire News Room· 2024-11-25 09:00
ST. GALLEN, Switzerland, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ: SRAD) today announced the launch of generative AI (gen AI) audio, a new feature within its ad:s multi-channel marketing service. The tool leverages the power of gen AI integrated with Sportradar’s live data, to automate the creation of personalized, real-time audio adverts for sportsbook and casino operators across one of the fastest growing digital marketing channels globally. Ad:s gen AI audio provides operators with a ready-to ...
Major League Baseball Selects Sportradar to Transform Player Talent Scouting for All 30 Clubs
GlobeNewswire News Room· 2024-11-21 13:30
NEW YORK and ST. GALLEN, Switzerland, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ: SRAD) today announced a multiyear agreement with Major League Baseball (MLB) to offer unparalleled sports performance analysis of amateur baseball prospects, through its Synergy Coaching and Scouting solution, to the league and its 30 Clubs. This new partnership will revolutionize player talent scouting through Sportradar’s advanced, proprietary technology and highlights Sportradar’s commitment to delivering innovati ...
Earnings Estimates Rising for Sportradar Group (SRAD): Will It Gain?
ZACKS· 2024-11-12 18:21
Investors might want to bet on Sportradar Group AG (SRAD) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between ...
Are You Looking for a Top Momentum Pick? Why Sportradar Group AG (SRAD) is a Great Choice
ZACKS· 2024-11-12 18:05
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Sportradar Group (SRAD) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2024-11-12 18:00
Sportradar Group AG (SRAD) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the s ...
Sportradar AG(SRAD) - 2024 Q3 - Earnings Call Transcript
2024-11-09 14:33
Financial Data and Key Metrics - Revenue growth of 27% YoY, with Q3 2024 revenue reaching EUR255 million, up EUR54 million from Q3 2023 [6][22] - Adjusted EBITDA increased by 30% YoY to EUR66 million, with adjusted EBITDA margin expanding to 25.8% [6][27] - Free cash flow surged 140% year-to-date, reaching EUR122 million [6][34] - Net retention rate for Q3 stood at 126%, indicating strong client relationship growth [22] Business Line Performance - Betting Technology & Solutions revenue grew 32% YoY to EUR210 million, driven by 37% growth in Betting & Gaming Content, including 56% growth in streaming and betting engagement products [23] - Sports Content, Technology & Services revenue increased 8% YoY to EUR45 million, with Marketing & Media Services growing 10% due to increased ad business [26] - Managed Trading Services (MTS) managed turnover of EUR35 billion over the trailing 12 months, achieving a 10% margin and 37% GGR growth [15] Market Performance - U S market grew 46% YoY, representing 20% of total revenue in Q3 [26] - Micro market betting, introduced in ATP and soccer, is expanding to basketball, football, baseball, and ice hockey by early 2025, offering up to 1,500 new betting opportunities per tennis match [14] Strategic Direction and Industry Competition - The company is leveraging its global sports content and proprietary technology to drive multiyear operating margin expansion and significant cash flow generation [7] - Partnerships with major sports leagues like the NBA and ATP are key to scaling innovative products such as 4Sight Streaming and Alpha Odds [11][16] - The company is expanding its marketing services, including programmatic paid social, paid search, and affiliate channels, to provide a 360-degree value proposition for clients [17][18] Management Commentary on Operating Environment and Future Outlook - Management highlighted the company's strong foundation, long-term sports content agreements, and focus on driving ROI through product innovation [9] - The company raised its full-year 2024 guidance, expecting revenue of at least EUR1 09 billion (up 24% YoY) and adjusted EBITDA of at least EUR216 million (up 29% YoY) [36] - Management emphasized the importance of free cash flow as a key driver of shareholder value and expressed confidence in continued margin expansion and cash flow growth [6][38] Other Key Information - The company repurchased $20 million worth of shares under its $200 million share repurchase program, with an average price of $11 42 [35] - The company plans to host an Investor Day on March 25, 2025, in New York City to share more about its strategic plans and opportunities [20] Q&A Session Summary Question: Margin expansion expectations for 2025 and beyond [40] - Management expects significant margin expansion in 2025, driven by strong revenue growth and leverage across cost categories, including sports rights, personnel, and back-office technology [41][42] Question: 4Sight Streaming adoption and impact on in-play betting [43] - 4Sight Streaming has been adopted by 25% of audiovisual clients, with less latency driving increased in-play betting activity [44][45] Question: MLB partnership update and margin impact [48] - The company is optimistic about renewing the MLB partnership, which is expected to be margin accretive from the start and improve over the contract term [48][63] Question: Brazil market opportunities and challenges [49] - The company has established an office in Brazil and is seeing early success with 13 clients adopting MTS, despite regulatory challenges [49][50] Question: Cash conversion and capital allocation [53] - Free cash flow conversion improved from 30% in 2023 to over 50% in 2024, with expectations for further growth [55][56] - The company prioritizes organic growth and M&A opportunities that are margin accretive, such as the XLMedia acquisition [58][60] Question: MLB contract and margin expectations [69] - Management confirmed that 2025 EBITDA margins are expected to be higher than 2024, even with the MLB contract [69][70] Question: 4Sight Streaming adoption trends [72] - 4Sight Streaming adoption is broad across geographies and sportsbook sizes, with the product aimed at stimulating live betting [73][74] Question: XLMedia acquisition synergies [77] - The XLMedia acquisition is expected to enhance the company's 360-degree value proposition, particularly in the U S market, and be margin accretive [77][79] Question: NBA pricing and 2025 revenue growth outlook [83] - The NBA partnership is performing slightly better than expected, with strong client adoption and long-term leverage potential [84][85] - Revenue growth in 2025 is expected to outperform the market, driven by content, product innovation, and market expansion [87][88] Question: Technology and customer engagement trends [89] - Key focus areas for 2025 include easy product integration, stability, and leveraging AI to enhance client engagement and growth [89][90]