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 ...

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 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 ...

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]

Exhibit 99.1 SPORTRADAR REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS AND FURTHER RAISES FULL YEAR 2024 OUTLOOK Third Quarter 2024 Highlights ST. GALLEN, Switzerland, November 7, 2024 – 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 third quarter ended September 30, 2024. Carsten Koerl, Chief Executive Officer of Sportradar, said: "Ou ...

Third Quarter 2024 Highlights Revenue increased 27% to €255 millionProfit for the period increased €33 million to €37 million and expanded to 14.5% as a percentage of revenueAdjusted EBITDA1 increased 30% to €66 million and Adjusted EBITDA margin1 expanded to 25.8%Net cash generated from operating activities increased 55% to €118 million and Free cash flow1 increased 192% to €62 millionCustomer Net Retention Rate1 increased to 126%Repurchased $8.3 million of sharesFurther raised full year guidance to revenu ...

Investors interested in stocks from the Leisure and Recreation Products sector have probably already heard of Amer Sports, Inc. (AS) and Sportradar Group AG (SRAD) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank ...

NEW YORK and ST. GALLEN, Switzerland, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ: SRAD) is enhancing its partnership with the NBA this season through the introduction of a suite of innovative fan engagement solutions fuelling the passion of the league’s two billion global fans. These products represent the next phase in the evolution of basketball consumption benefitting not only the NBA but also operators and media partners looking to capitalize on the excitement surrounding one of the world’s mo ...

ST. GALLEN, Switzerland, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) ("Sportradar") will release its financial and operating results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024. Sportradar will also host an earnings call via webcast to discuss the results at 8:00 a.m. Eastern time on Thursday, November 7, 2024. Those wishing to either listen to, or participate in, the earnings webcast can do so by accessing Sportradar's Investor Relations website at ...

Sportradar Group AG (SRAD) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.03. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced break-even earnings, delivering a surprise of -100%. Over the last four quarters, the company has sur ...