Achieved Record Revenue of €278 Million, Up 29% Year-over-Year Generated Strong Cash Flow from Operating Activities Further Raising 2024 Outlook for Revenue and Adjusted EBITDA ST. GALLEN, Switzerland, Aug. 13, 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 financial results for its second quarter ended June 30, 2024. Carsten Koerl, C ...

ST. GALLEN, Switzerland, Aug. 06, 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 Canaccord Genuity's 44th Annual Growth Conference on Wednesday August 14, 2024. The fireside chat will take place at 1:30 pm eastern time and will be webcast live at investor ...

Company Overview - Sportradar Group AG is a leading global sports technology company founded in 2001, providing solutions for sports federations, media, consumer platforms, and betting operators [1] - The company covers close to a million events annually across all major sports and has partnerships with organizations like ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, and Bundesliga [1] - Sportradar also focuses on safeguarding sports through its Integrity Services division, promoting an integrity-driven environment [1] Upcoming Financial Results - Sportradar will release its financial and operating results for the second quarter ended June 30, 2024, on August 13, 2024 [2] - An earnings call via webcast will be hosted at 8:30 am Eastern time on the same day to discuss the results [2] Investor Relations - Interested parties can access the earnings webcast through Sportradar's Investor Relations website, with a replay available for one year after the event [3]

Core Insights - Sportradar Group AG will release its financial and operating results for Q2 2024 on August 13, 2024, and will host an earnings call at 8:30 am Eastern time on the same day [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 [4]. - 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 [4]. - Sportradar covers nearly one million events annually across all major sports and has partnerships with organizations such as ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, and Bundesliga [4]. - The company also emphasizes safeguarding sports through its Integrity Services division, advocating for an integrity-driven environment [4].

UEFA and Sportradar will also extend their long-standing integrity partnership of 15 years. To support UEFA's Anti Match-Fixing Unit, the cooperation includes dedicated intelligence and investigation resources, robust and systematic bet monitoring, and education services to support the prevention, detection and investigation of match-fixing. For more information about Sportradar, please visit www.sportradar.com The agreement covers all UEFA Club and National team competitions. These include the UEFA Champio ...

Notable client wins in South America and Africa highlight growth ST. GALLEN, Switzerland, July 01, 2024 (GLOBE NEWSWIRE) -- Sportradar has significantly grown its Managed Trading Services (MTS) clientele in the first half of 2024, welcoming 44 new sportsbook operators to leverage its versatile and advanced operational capabilities. MTS provides operators with access to Alpha Odds, its AI-driven personalised odds technology. 16 of this year's new MTS client intake have set-up their betting offerings using Al ...

Sportradar's Managed Trading Services See Significant Global Adoption in H1 2024 MTS offers operators a customisable sportsbook management solution, enabling them to decide the extent of their in-house management or opt for external support. The solution enhances trading efficiency through AI and automation, facilitating real-time price adjustments and robust risk management. Year-to-date, Sportradar has processed more than 3.5 billion betting tickets via MTS for more than 200 clients, positioning the compa ...

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Key Points Investors have been pouring into sports betting stocks like DraftKings Inc. NASDAQ: DKNG and Fan Duel's parent, Flutter Entertainment plc NYSE: FLUT. Streaming giants like Amazon Inc. NASDAQ: AMZN and Netflix Inc. NASDAQ: NFLX are jockeying to keep and sign lucrative broadcasting deals with major sports leagues like the NFL, MLB, Formula One and NASCAR. Get Sportradar Group alerts: Skin in the Game Makes it More Fun. The global sports industry generated over $159 billion in 2023, and analysts exp ...

Certain statements in this presentation 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 operating performance, planned activities and objectives, antic ...