Sportradar Group (NasdaqGS:SRAD) FY Conference March 24, 2026 01:30 PM ET Company ParticipantsCraig Felenstein - CFOConference Call ParticipantsEric Handler - Media and Entertainment AnalystEric HandlerAll right. Good morning, everybody. I'm Eric Handler, Media and Entertainment Analyst here at Roth Capital. Very happy to have today with us Craig Felenstein, Chief Financial Officer of Sportradar. Craig, welcome.Craig FelensteinThanks for having me. Appreciate it.Eric HandlerLet's start big picture. Can you ...

New brand to connect sportsbook and casino experiences through proprietary hybrid content Sportradar launches iGaming brand Playradar Sportradar announced the launch of Playradar, a dedicated brand delivering a fully-integrated ecosystem of cross-vertical gaming experiences to global operators. ST. GALLEN, Switzerland, March 24, 2026 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD), a leading global sports technology company creating immersive experiences for sports fans and bettors, today announ ...

Sportradar Group (NASDAQ:SRAD) is one of the best growth stocks to buy right now. On March 3, Sportradar reported earnings for 2025, with revenue increasing 17% to €1,290 million. The company generated €100 million in profit for the period compared to the previous year, supported by a 33% rise in Adjusted EBITDA to €297 million. This growth was fueled by strong performance in the US market, which grew 23% year-over-year, and a customer net retention rate of 109%. A major highlight was the completion of t ...

ST. GALLEN, Switzerland, March 17, 2026 (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 38th Annual Roth Conference on Tuesday, March 24th, 2026. The fireside chat will take place at 1:30 pm eastern time. The webcast can be accessed at investors.sportradar ...

Core Viewpoint - Sportradar Group AG is a leading global sports technology company with a significant upside potential as indicated by Truist Financial's price target of $32, suggesting an 81.1% increase from its current price of $17.67 [1] Financial Performance - In Q4 2025, Sportradar reported earnings of $0.01 per share, which was significantly below the Zacks Consensus Estimate of $0.1 per share, resulting in an earnings surprise of -89.55% [2][6] - The company's revenue for Q4 2025 was $429 million, missing the Zacks Consensus Estimate by 1.27%, but representing an increase from $327 million reported a year ago [3][6] - For the full year, Sportradar achieved record revenue of €1.29 billion, marking a 17% increase, with adjusted EBITDA rising by 33% to €297 million [3][6] Operational Highlights - Sportradar has been active in share repurchases, buying back $91 million worth of shares and expanding its repurchase plan to $1 billion [4] - The company completed the acquisition of IMG ARENA, enhancing its global sports betting rights portfolio [4] - Sportradar achieved a customer net retention rate of 109%, indicating strong customer loyalty and retention [4] Q4 Specifics - In Q4 2025, Sportradar's revenue increased by 20% to €369 million, with a profit of €4 million [5] - The adjusted EBITDA for the quarter rose by 48% to €89 million, with a margin expansion to 24.2% [5] - The company generated €88 million in net cash from operating activities and a free cash flow of €18 million, reflecting its strong financial position [5]

Core Insights - Sportradar Group reported strong financial results for Q4 and full-year 2025, with Q4 revenue of $369 million, up 20% year over year, and full-year revenue of $1.3 billion, up 17% compared to 2024 [2][3][7] - The company achieved an adjusted EBITDA of $89 million in Q4, a 48% increase year over year, and a record full-year adjusted EBITDA of $297 million, up 33% [2][3][7] - Management highlighted the successful integration of IMG Arena, which is expected to contribute significantly to revenue and cost synergies in the coming years [6][10][14] Financial Performance - Q4 revenue was $369 million, reflecting a 20% year-over-year growth, while full-year revenue reached $1.3 billion, marking a 17% increase from 2024 [2][3][7] - Adjusted EBITDA for Q4 was $89 million, with a margin of 24.2%, up from the previous year, and full-year adjusted EBITDA was $297 million, with a margin of 23% [2][3][7] - The company ended the quarter with $365 million in cash and no debt, generating $167 million in free cash flow for 2025 [5][11][12] Growth Drivers - The growth in revenue was driven by increased uptake from existing partners, strong growth in the U.S. market, and contributions from managed trading services and IMG content [3][4][7] - The company anticipates revenue growth of 23% to 25% in 2026, with projected revenue of $1.56 billion to $1.58 billion and adjusted EBITDA of $390 million to $400 million [7][14] - Sportradar's managed trading services turnover increased by 26% year over year to $52 billion, with clients achieving nearly 11% margins [17] Product Initiatives - Sportradar is investing in various product initiatives, including streaming, managed trading services, marketing and media, and artificial intelligence [4][16][18] - The company streamed over 525,000 matches in 2025, with plans to increase this to over 700,000 matches in 2026 [16] - AI initiatives include a generative foundation model for basketball, which is expected to enhance predictive insights and visualizations [18] Share Repurchase and Capital Return - The board approved an increase in the share repurchase program from $300 million to $1 billion, with over $170 million repurchased to date [5][12][13] - The company has been repurchasing shares due to perceived disconnects between share price and business fundamentals [12][13] Market Outlook - Sportradar's management emphasized the potential of U.S. prediction markets, with ongoing discussions and expectations for future announcements [20][21] - Approximately 70% of the company's revenue is generated outside the U.S., with prediction markets viewed as a growth opportunity in the tens of millions [21]

Core Insights - Sportradar Group AG reported quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.10 per share, representing an earnings surprise of -89.55% [1] - The company posted revenues of $429.43 million for the quarter ended December 2025, which was 1.27% below the Zacks Consensus Estimate and an increase from $327.58 million year-over-year [2] - Sportradar Group shares have declined approximately 17.6% since the beginning of the year, contrasting with the S&P 500's gain of 0.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.09, with expected revenues of $446.41 million, and for the current fiscal year, the consensus EPS estimate is $0.52 on revenues of $1.86 billion [7] - The estimate revisions trend for Sportradar Group was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Internet - Software industry, to which Sportradar Group belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Data and Key Metrics Changes - Total company revenue for 2025 reached $1.3 billion, an increase of $183 million or 17% compared to 2024, driven by higher uptake from existing partners and strong U.S. market growth [21][22] - Adjusted EBITDA for the year was $297 million, up $74 million or 33% year-over-year, with Adjusted EBITDA margins increasing by over 290 basis points to 23% [22][26] - Q4 revenue was $369 million, a 20% increase year-over-year, with Adjusted EBITDA of $89 million, reflecting a 48% year-on-year growth [22][26] Business Line Data and Key Metrics Changes - Betting technology and solutions revenue was $305 million in Q4, growing 24% year-over-year, primarily driven by a 29% increase in betting and gaming content [23][24] - Managed betting services grew 5% in Q4, supported by sustained momentum in managed trading services [24] - Marketing and media services revenue increased by 13% year-over-year, reflecting strong demand for technology and media solutions [25] Market Data and Key Metrics Changes - U.S. revenue grew 23% year-over-year, now accounting for 25% of total revenue, while the rest of the world saw a 15% increase [21][22] - The company streamed over 525,000 matches in 2025, with expectations to exceed 700,000 matches in 2026 [12] Company Strategy and Development Direction - The company aims to leverage the IMG acquisition to unlock significant revenue synergies, targeting a 25% revenue synergy realization by 2026 [9][41] - Focus on expanding managed trading services and enhancing product offerings through innovative technology, including AI-driven solutions [12][15] - The company is exploring opportunities in prediction markets, emphasizing player protection and integrity in partnerships with leagues [16][45] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong momentum and growth in 2026, anticipating revenue growth of 23%-25% on a constant currency basis [34][35] - The upcoming FIFA World Cup is seen as a significant opportunity for the betting industry, with expected turnover exceeding $35 billion [17] - Management highlighted the importance of integrating IMG content and expanding customer engagement through innovative products [9][12] Other Important Information - The company has increased its share repurchase authorization from $300 million to $1 billion, reflecting confidence in its fundamental business strength [8][33] - Free cash flow for 2025 was $167 million, with a conversion rate of 56%, up from $118 million and 53% in 2024 [32] Q&A Session Summary Question: Contribution of IMG to financial targets - Management indicated that IMG is contributing positively, with revenue synergies trending ahead of expectations [41] Question: Next steps for prediction markets - Management emphasized the importance of player protection and integrity, with ongoing discussions to supply official data once safeguards are in place [45] Question: Guidance for 2026 amidst market changes - Management confirmed no significant changes to guidance, with the only adjustment being the impact of a weaker U.S. dollar [56] Question: iGaming growth strategy - The company is focusing on connecting live betting with iGaming opportunities, particularly in Brazil [59] Question: Impact of potential MLB lockout - Management expressed confidence in having replacement content to mitigate any potential impact from an MLB lockout [89]

Financial Data and Key Metrics Changes - Total company revenue for 2025 was $1.3 billion, an increase of $183 million or 17% compared to 2024, driven by higher uptake from existing partners and strong U.S. market growth [21] - Adjusted EBITDA for the full year was $297 million, up $74 million or 33% year-over-year, with Adjusted EBITDA margins increasing by over 290 basis points to 23% [22] - Free cash flow for the full year was $167 million, with a conversion rate of 56%, compared to $118 million and 53% in 2024 [32] Business Line Data and Key Metrics Changes - Betting technology and solutions revenue was $305 million, growing 24% year-over-year, driven by a 29% increase in betting and gaming content [23] - Managed betting services grew 5% in Q4, led by sustained momentum in managed trading services [24] - Marketing and media services revenue increased by 13%, reflecting strong demand from technology and media companies [25] Market Data and Key Metrics Changes - U.S. revenue grew 23% year-on-year, now accounting for 25% of total revenue, while the rest of the world saw a 15% increase [21] - The company streamed over 525,000 matches in the previous year, with an expectation to stream over 700,000 matches in 2026 [12] Company Strategy and Development Direction - The company completed the acquisition of IMG, which is expected to unlock significant revenue synergies of 25% in 2026 [9] - The focus is on leveraging IMG's content across a larger customer base and broader product suite to realize revenue synergies [17] - The company is positioned to capitalize on emerging opportunities in prediction markets, with ongoing discussions with major leagues [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong momentum and growth in 2026, anticipating revenue growth of 23%-25% on a constant currency basis [34] - The upcoming FIFA World Cup is seen as a significant opportunity for the betting industry, with expected turnover exceeding $35 billion [17] - Management highlighted the importance of player protection and integrity in developing prediction markets [45] Other Important Information - The board approved an increase in the share repurchase program from $300 million to $1 billion, with $170 million already purchased [33] - The company is focused on maintaining a strong liquidity position, closing the quarter with $365 million in cash and no debt [31] Q&A Session Summary Question: Contribution of IMG to financial targets - Management indicated that IMG is contributing positively, with revenue synergies trending ahead of targets [41] Question: Next steps for prediction markets - Management emphasized the importance of player protection and integrity, with ongoing discussions to supply official data [45] Question: Guidance for 2026 and impact of currency fluctuations - Management confirmed no significant changes to guidance, with currency fluctuations being the main factor affecting reported numbers [56] Question: iGaming growth strategy - The company is focusing on connecting live betting with iGaming opportunities, particularly in Brazil [59] Question: Impact of potential MLB lockout - Management stated that they have good replacement content and contract provisions in place to mitigate any impact [89]

Financial Data and Key Metrics Changes - Total company revenue for 2025 was $1.3 billion, an increase of $183 million or 17% compared to 2024, driven by higher uptake from existing partners and strong U.S. market growth [19] - Adjusted EBITDA for the full year was $297 million, up $74 million or 33% year-over-year, with Adjusted EBITDA margins increasing by over 290 basis points to 23% [20] - Free cash flow for the full year was $167 million, with a conversion rate of 56%, compared to $118 million and 53% in 2024 [30] Business Line Data and Key Metrics Changes - Revenue from betting technology and solutions was $305 million, growing 24% year-over-year, driven by a 29% increase in betting and gaming content [22] - Managed betting services grew 5% in Q4, led by sustained momentum in managed trading services [23] - Marketing and media services revenue increased by 13%, primarily from increased uptake from technology and media companies [24] Market Data and Key Metrics Changes - U.S. revenue grew 23% year-on-year, now accounting for 25% of total revenue, while the rest of the world saw a 15% increase [19] - The company streamed over 525,000 matches in 2025, with an expectation to stream over 700,000 matches in 2026 [10] Company Strategy and Development Direction - The company completed the acquisition of IMG, which is expected to unlock significant revenue synergies of 25% in 2026 [7] - The focus is on leveraging IMG's content across a larger customer base and broader product suite to realize revenue synergies [16] - The company is exploring opportunities in prediction markets, aiming to monetize this rapidly developing sector [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong momentum in 2026, anticipating revenue growth of 23%-25% on a constant currency basis [32] - The upcoming FIFA World Cup is seen as a significant opportunity for the betting industry, with expected turnover exceeding $35 billion [16] - Management highlighted the importance of player protection and integrity in developing partnerships in prediction markets [42] Other Important Information - The board approved an increase in the share repurchase program from $300 million to $1 billion, with $170 million already purchased [31] - The company is focused on maintaining a strong liquidity position, closing the quarter with $365 million in cash and no debt [29] Q&A Session Summary Question: Contribution of IMG to financial targets - Management indicated that IMG is trending ahead of financial targets, with strong synergy realization and a focus on revenue synergies [38] Question: Next steps for prediction markets - Management emphasized the importance of player protection and integrity, with ongoing discussions to supply official data once frameworks are established [42] Question: Guidance for 2026 and impact of currency fluctuations - Management confirmed that guidance remains unchanged, with the only adjustment being the impact of a weaker U.S. dollar [53] Question: iGaming opportunities - The company is focusing on connecting live betting with iGaming, particularly in Brazil, as a significant growth opportunity [56] Question: Impact of potential MLB lockout - Management stated that they have good replacement content and contract provisions in place to mitigate any impact from a potential MLB lockout [86]