Why Sportradar Stock Rocketed Higher This Week

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 ...