Shares of sports data and technology provider Sportradar (SRAD -1.53%) were up 10% this week as of 2:15 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.Sportradar reported fourth-quarter earnings on Wednesday, wherein revenue and cash from operations grew by 26% and 36% in 2024. However, management also announced a unique acquisition that seemed to steal the show, and the market reacted optimistically.Sportradar receives $225 million to make an acquisitionSportradar is a pi ...

FOURTH QUARTER & FY 2024 EARNINGS | March 19, 2025 DISCLAIMER Certain statements in this press release may constitute "forward-looking" statements and information within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events, including, without limitation, statements regarding future financial or ...

Sportradar Group AG (NASDAQ:SRAD) Q4 2024 Earnings Call March 19, 2025 8:30 AM ET Company Participants James Bombassei - Senior Vice President, Investor Relations and Corporate Finance Carsten Koerl - Chief Executive Officer Craig Felenstein - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Michael Graham - Canaccord Bernie McTernan - Needham & Company Robin Farley - UBS David Katz - Jefferies Michael Hickey - The Benchmark Company Jordan Bender - Citizens Bank ...

Group 1 - Sportradar Group AG reported break-even quarterly earnings per share, missing the Zacks Consensus Estimate of $0.04, compared to earnings of $0.08 per share a year ago, resulting in an earnings surprise of -100% [1] - The company posted revenues of $327.58 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 6.42%, and showing an increase from year-ago revenues of $271.98 million [2] - Sportradar Group shares have increased approximately 15.8% since the beginning of the year, contrasting with the S&P 500's decline of -4.5% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $323.05 million, and for the current fiscal year, it is $0.29 on revenues of $1.31 billion [7] - The Zacks Industry Rank indicates that the Leisure and Recreation Products sector is currently in the bottom 38% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]

Exhibit 99.1 SPORTRADAR REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS AND ANNOUNCES AGREEMENT TO ACQUIRE IMG ARENA AND ITS STRATEGIC PORTFOLIO OF GLOBAL SPORTS BETTING RIGHTS Full Year 2024 Highlights Fourth Quarter 2024 Highlights ST. GALLEN, Switzerland, March 19, 2025 – 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 financial results for its fourth qua ...

Sportradar Group (SRAD) Q4 2024 Earnings Call March 19, 2025 08:30 AM ET Company Participants James Bombassei - Senior Vice President of Investor Relations & Corporate FinanceCarsten Koerl - Founder, CEO & DirectorCraig Felenstein - Chief Financial OfficerMichael Graham - Managing DirectorRobin Farley - Managing DirectorDavid Katz - Managing DirectorSamuel Nielsen - Equity Research Associate Conference Call Participants Ryan Sigdahl - Partner & Senior Research AnalystBernie Mcternan - Senior Research Analys ...

Core Insights - Sportradar Group AG reported strong financial results for the fourth quarter and full year 2024, achieving record revenue, operating margins, and free cash flow generation [3][4][6] - The company is focused on enhancing its content portfolio and product offerings, including significant partnerships with Major League Baseball and UEFA [4][22] - The acquisition of IMG ARENA's sports rights portfolio is expected to further strengthen Sportradar's market position and enhance its product offerings [26][27] Financial Performance - Total revenue for the full year 2024 was €1,107 million, representing a 26% increase year-over-year [8] - Fourth quarter revenue was €307 million, up 22% from the previous year, driven by growth in Betting Technology & Solutions and Sports Content, Technology & Services [14][15] - Adjusted EBITDA for the full year increased 33% to €222 million, with an adjusted EBITDA margin of 20.1% [6][13] Revenue Breakdown - Betting & Gaming Content revenue increased by 30% to €192 million in Q4 and by 33% to €707 million for the full year [5][9] - Managed Betting Services revenue was relatively stable in Q4, down 1% to €55 million, but increased 15% to €200 million for the full year [5][9] - The United States market showed significant growth, with revenue up 41% in Q4 and 58% for the full year, now representing 24% of total revenue [7][11][17] Profitability and Cash Flow - The company reported a profit of €34 million for the full year, consistent with the prior year, despite a foreign currency loss of €38 million [12] - Free cash flow increased significantly by 133% to €118 million for the year [6][23] - Net cash from operating activities rose 36% to €353 million, reflecting strong operational performance [6][22] Strategic Partnerships and Acquisitions - Sportradar extended its partnership with Major League Baseball for eight years, enhancing its data and media content offerings [22] - The company announced a new long-term partnership with UTR Sports for the UTR Pro Tennis tour, expanding its presence in tennis [22] - The acquisition of IMG ARENA is expected to enhance Sportradar's content and product offerings, with a financial consideration of $225 million [26][28] Future Outlook - For fiscal 2025, Sportradar targets revenue of at least €1,273 million and adjusted EBITDA of at least €281 million, representing year-on-year growth of at least 15% and 26% respectively [31][24] - The guidance does not include the impact from the pending acquisition of IMG ARENA, which will be updated upon closing [24]

Core Viewpoint - Sportradar Group AG (SRAD) is set to report its fourth-quarter 2024 results on March 19, with expectations of a mixed performance based on various factors influencing its earnings and revenue growth [1][3]. Earnings Estimates - The Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) is 4 cents, reflecting a decline of 50% from 8 cents reported in the same quarter last year [3]. - Revenue is projected at $307.8 million, indicating a 13.2% increase from the previous year's figure [3]. Factors Influencing Performance - Sportradar's fourth-quarter performance is anticipated to benefit from strategic partnerships, strong data-driven solutions, and ongoing innovation in sports betting and media services [4]. - The company has secured long-term sports data rights with major leagues like the NBA and ATP, which is expected to contribute to revenue growth [5]. - Advanced AI-driven products, such as 4Sight Streaming and Alpha Odds, are likely to enhance customer engagement and expand the company's presence in the in-play betting market [5]. - Growth in the U.S. market is also expected to support top-line expansion [5]. Profitability and Efficiency - The focus on high-margin technology solutions is projected to bolster profitability in the fourth quarter [6]. - By leveraging AI and machine learning, Sportradar has likely improved efficiency and pricing power in its betting and media offerings [6]. - The expansion of Managed Trading Services is expected to have a positive impact on performance [6]. Challenges Faced - Increased costs for sports rights, exchange rate fluctuations, and heightened competition are likely to negatively affect the company's performance in the fourth quarter [7]. Earnings Prediction Model - The current model does not predict a definitive earnings beat for Sportradar, as the company has an Earnings ESP of -20.00% and a Zacks Rank of 1 [8].

Group 1 - Sportradar Group AG (NASDAQ: SRAD) is scheduled to report its Q4 and full-year earnings on March 19 before the market opens [1] - The analysis indicates a focus on long-term investment strategies, particularly favoring a mix of growth, value, and dividend-paying stocks, with a tendency towards value investments [1]

Core Viewpoint - Sportradar Group AG is set to release its financial and operating results for Q4 and the full year ending December 31, 2024, on March 19, 2025, followed by an earnings call [1] Company Overview - Sportradar Group AG, founded in 2001, is a leading global sports technology company that creates immersive experiences for sports fans and bettors [3] - The company operates at the intersection of sports, media, and betting industries, providing a range of solutions to sports federations, news media, consumer platforms, and sports betting operators [3] - Sportradar covers nearly a million events annually across major sports and has partnerships with organizations such as ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, and Bundesliga [3] - The company also emphasizes safeguarding sports through its Integrity Services division, advocating for an integrity-driven environment [3]