Sportradar AG(SRAD)

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Sportradar AG(SRAD) - 2023 Q1 - Earnings Call Transcript
2023-05-10 14:40
Sportradar Group AG (NASDAQ:SRAD) Q1 2023 Results Earnings Conference Call May 10, 2023 8:00 AM ET Company Participants Rima Hyder - Head of Investor Relations Carsten Koerl - Chief Executive Officer Ulrich Harmuth - Chief Strategy Officer Conference Call Participants Bernie McTernan - Needham & Company Ryan Sigdahl - Craig-Hallum Capital Group Michael Graham - Canaccord Genuity Inc. David Katz - Jefferies Operator Good day and thank you for standing by. And welcome to the Sportradar First Quarter 2023 Earn ...
Sportradar AG(SRAD) - 2023 Q1 - Earnings Call Presentation
2023-05-10 12:49
| --- | --- | --- | --- | --- | --- | |-------------------------------------------|---------|-------|-------|-----------|-------| | | | | | | | | sportradar SPORTS TECHNOLOGY. REIMAGINED. | | | | | | | FIRST QUARTER 2023 FINANCIAL RESULTS | ": 1.25 | | | "y": 1.32 | | | \| May 10, 2023 | | | | | | DISCLAIMER Certain statements in this presentation may constitute "forward-looking" statements and information within the meaning of Section 27A of the Securities Act of 1933, Sectio Exchange Act of 1934, and the ...
Sportradar AG(SRAD) - 2022 Q4 - Earnings Call Transcript
2023-03-15 16:56
Financial Data and Key Metrics Changes - For the full year 2022, the company reported a 30% increase in revenue to €730 million and a 23% increase in adjusted EBITDA to €126 million, exceeding the top end of revenue guidance and solidly within the adjusted EBITDA guidance range [16][38] - In Q4 2022, revenue increased by 35% to €206 million, driven by strong growth across all segments, with adjusted EBITDA growing 64% [67] Business Line Data and Key Metrics Changes - The US segment, the highest growth area, saw revenue grow 77% in Q4 to €41 million, with betting business more than doubling and advertising business nearly tripling [17] - The Rest of the World betting revenue grew nearly 30% in Q4 to €106 million, primarily driven by Managed Betting Services (MBS) [20] - Managed Trading Services (MTS) saw record turnover, resulting in growth of 75% for Q4, significantly boosted by the FIFA World Cup [68] Market Data and Key Metrics Changes - The US segment achieved close to 80% revenue growth for the full year, with strong growth across betting, advertising, digital media, and sports solutions [42] - The company reported a net revenue retention rate of 119%, indicating strong customer loyalty and upselling opportunities [43] Company Strategy and Development Direction - The company aims to expand its leadership in core betting markets, grow into advertising media, and create innovative fan engagement experiences using AI and computer vision technology [62] - The company is focused on product innovation, including the first end-to-end AI-driven betting solution for Table Tennis, which was well-received at ICE 2023 [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business model's resilience and the potential for strong results in 2023, despite macroeconomic challenges [34] - For 2023, the company expects revenue growth of 24% to 26% and adjusted EBITDA in the range of €157 million to €167 million, with margin expansion anticipated [64][73] Other Important Information - The company ended 2022 with over €240 million in cash and total cash and undrawn credit facilities of €464 million, indicating strong liquidity [44] - Personnel costs increased significantly due to inflationary pressures and restructuring, impacting overall expenses [83] Q&A Session Summary Question: What is driving the strong growth in the Rest of the World betting business? - Management highlighted the increase in trading volume with existing customers and the enhancement of key products as primary growth drivers [76][78] Question: How is the computer vision technology being utilized? - The technology is focused on automating data capture and improving predictive models for betting, enhancing both efficiency and engagement [81] Question: What are the margin assumptions for the Rest of the World betting segment? - Management indicated that despite increased investments in technology, they expect to maintain strong margins in the segment [82][105] Question: What is the outlook for sports rights costs in 2023? - Management noted that sports rights costs are expected to decrease as a percentage of revenue, with the NBA deal impacting the fourth quarter [101][86]
Sportradar AG(SRAD) - 2022 Q4 - Earnings Call Presentation
2023-03-15 14:35
ADJUSTED EBITDA 1 Y-o-Y Growth ▲ t U.S. BETTING 1 Non-IFRS financial measure; see the Appendix for defined terms and reconciliations of non-IFRS measures to IFRS measures. 2 Turnover is the total amount of stakes placed and accepted in betting. Above represents growth in turnover. 1) Non-IFRS financial measure; see Appendix for defined terms and reconciliations of non-IFRS measures to IFRS measures. Segment Adjusted EBITDA (€m)1 | --- | --- | |-------|-------------------------------------------------------- ...
Sportradar AG(SRAD) - 2022 Q4 - Annual Report
2023-03-15 11:22
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECT ...
Sportradar AG(SRAD) - 2023 Q1 - Quarterly Report
2023-03-15 11:14
Revenue Growth - Full Year 2022 revenue increased by 30% to €730.2 million ($781.3 million), exceeding the company's annual outlook range of €718.0 million to €723.0 million[4] - Fourth quarter revenue grew 35% to €206.3 million ($220.7 million) compared to Q4 2021[3] - The Rest of World Betting segment, accounting for 51% of total revenue, grew 29% to €105.9 million ($113.3 million) in Q4 2022[6] - Segment revenue for the year ended December 31, 2022, increased to €730,188 thousand, up from €561,202 thousand in 2021, representing a growth of approximately 30.1%[28] Adjusted EBITDA - Adjusted EBITDA for the full year 2022 rose 23% to €125.8 million ($134.6 million), within the annual outlook range of €124.0 million to €127.0 million[4] - Adjusted EBITDA for 2023 is projected to be between €157.0 million and €167.0 million, indicating a growth of 25% to 33% compared to the previous year[14] - Adjusted EBITDA for the year ended December 31, 2022, rose to €125,846 thousand, compared to €102,013 thousand in 2021, reflecting an increase of around 23.2%[30] - The Adjusted EBITDA margin for the year ended December 31, 2022, was 17%, compared to 18% in 2021, indicating a slight decline[28] Financial Performance - Net income for Q4 2022 was a loss of €33.3 million, compared to a profit of €4.2 million in Q4 2021[24] - Total comprehensive loss for Q4 2022 was €45.9 million, compared to a comprehensive income of €19.6 million in Q4 2021[24] - The company reported a profit for the year of €10,491 thousand in 2022, down from €12,787 thousand in 2021, indicating a decline of approximately 18.0%[30] Cash and Liquidity - Cash and cash equivalents totaled €243.8 million as of December 31, 2022, with total liquidity available of €463.8 million[4] - Cash and cash equivalents significantly dropped from €742,773 thousand in 2021 to €243,757 thousand in 2022, a decrease of about 67.2%[26] - Adjusted Free Cash Flow for the year ended December 31, 2022, was €38,878 thousand, compared to €14,540 thousand in 2021, showing an increase of about 167.5%[31] Strategic Initiatives - Sportradar signed new multi-year agreements with major sports organizations and acquired Vaix, enhancing its AI capabilities in the iGaming industry[4] - The company expects to continue its strategic growth initiatives and market expansion in 2023, although specific financial guidance was not provided[22] Expenses and Liabilities - Personnel expenses increased to €81.0 million in Q4 2022 from €47.0 million in Q4 2021, reflecting a 72.3% rise[24] - The company’s total liabilities decreased from €1,035,487 thousand in 2021 to €631,632 thousand in 2022, a reduction of approximately 39.0%[25] Currency Impact - Foreign currency losses for Q4 2022 amounted to €13.2 million, compared to gains of €8.9 million in Q4 2021[24]
Sportradar AG(SRAD) - 2022 Q3 - Earnings Call Transcript
2022-11-16 19:08
Sportradar Group AG (NASDAQ:SRAD) Q3 2022 Earnings Conference Call November 16, 2022 8:00 AM ET Company Participants Christin Armacost - Investor Relations Carsten Koerl - Chief Executive Officer Ulrich Harmuth - Interim Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum David Karnovsky - JPMorgan David Katz - Jefferies Michael Graham - Canaccord Sean Kelly - Bank of America Bernie McTernan - Needham & Company Jason Bazinet - Citi Operator Good day and welcome to the Sportradar ...
Sportradar AG(SRAD) - 2022 Q3 - Earnings Call Presentation
2022-11-16 19:07
| --- | --- | --- | --- | --- | |----------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | THIRD QUARTER 2022 FINANCIAL RESULTS | | | | | | November 16, 2022 | | | | | 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 ...
Sportradar AG(SRAD) - 2022 Q3 - Quarterly Report
2022-11-16 12:25
Exhibit 99.1 SPORTRADAR REPORTS STRONG GROWTH AND INCREASED PROFITABILITY AND CASH FLOW U.S. segment revenue increased 61% year over year; achieved first-time profitability in the third quarter Rest of World Betting business drove strongest organic growth with high Adjusted EBITDA margin Company raised guidance for revenue and narrowed Adjusted EBITDA range for full year 2022 ST. GALLEN, Switzerland, November 16, 2022 – Sportradar Group AG (NASDAQ: SRAD) ("Sportradar" or the "Company"), the leading global t ...
Sportradar Group AG (SRAD) Investor Presentation - Slideshow
2022-08-26 16:40
| --- | --- | --- | --- | --- | --- | |----------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | Second Quarter 2022 Financial Results | | | | | | | August 17, 2022 | | | | | | 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 ...