Sportradar AG(SRAD)

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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 ...
Sportradar AG(SRAD) - 2022 Q2 - Earnings Call Presentation
2022-08-17 18:48
| --- | --- | --- | --- | --- | --- | |----------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | 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 ...
Sportradar AG(SRAD) - 2022 Q2 - Earnings Call Transcript
2022-08-17 18:45
Sportradar Group AG (NASDAQ:SRAD) Q2 2022 Earnings Conference Call August 17, 2022 8:00 AM ET Company Participants Christin Armacost - Manager, Investor Relations Carsten Koerl - Chief Executive Officer Alex Gersh - Chief Financial Officer | --- | --- | |-------------------------------------------------------------------|-------| | | | | Conference Call Participants | | | David Karnovsky - JPMorgan | | | Ryan Sigdahl - Craig-Hallum | | | Bernie McTernan - Needham & Company Robin Farley - UBS | | | Steven Pi ...
Sportradar AG(SRAD) - 2022 Q2 - Quarterly Report
2022-08-17 11:16
Exhibit 99.1 SPORTRADAR REPORTS STRONG GROWTH IN SECOND QUARTER 2022 AND INCREASES ITS REVENUE OUTLOOK FOR FISCAL 2022 PROJECTING REVENUE GROWTH OF 24% to 27% Overall revenue increased 23%; U.S. revenue increased 66% year over year ST. GALLEN, Switzerland, August 17, 2022 – Sportradar Group AG (NASDAQ: SRAD) ("Sportradar" or the "Company"), the leading global technology company enabling next generation engagement in sports, and the number one provider of business-to-business solutions to the global sports b ...
Sportradar AG(SRAD) - 2022 Q1 - Earnings Call Transcript
2022-05-18 21:02
Sportradar Group AG (NASDAQ:SRAD) Q1 2022 Earnings Conference Call May 18, 2022 8:00 AM ET Company Participants Rima Hyder - Senior Vice President, Investor Relations Carsten Koerl - Chief Executive Officer Alex Gersh - Chief Financial Officer Conference Call Participants Bernie McTernan - Needham & Company David Karnovsky - JPMorgan Robin Farley - UBS Ryan Sigdahl - Craig-Hallum Capital Steve Pizzella - Deutsche Bank Jason Bazinet - Citi Mike Hickey - The Benchmark Company Operator Good morning and thank y ...
Sportradar AG(SRAD) - 2021 Q4 - Annual Report
2022-03-31 11:38
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, 2021 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 ...