MELBOURNE, Australia, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Pixellot, the world’s largest streamer of global youth and community sport, today announced a major step in its commitment to supporting the growth of community sport across Australia. The company will introduce a new AI-driven revenue-share model alongside the appointment of a new Chief Commercial Officer for Australia and New Zealand. A highly respected sports executive with more than a decade shaping the growth of Australian basketball, Dean Anglin ...

Nov 26 (Reuters) - Sports technology firm Enhanced said on Wednesday it would go public in the United States through a merger with special purpose acquisition company A Paradise Acquisition Corp, valu... ...

Core Insights - Sportradar Group AG (NASDAQ:SRAD) is recognized as one of the best mid-cap tech stocks to buy according to analysts, with a recent Buy rating from Jefferies and a price target adjustment from $32 to $30 [1] - The company reported fiscal Q3 2025 results with revenue of €292 million (approximately $338.7 million), which missed estimates by $5.49 million, and an EPS of $0.08, falling short by $0.02 [2] - Year-over-year revenue growth was 14%, driven by an 11% increase in Betting Technology & Solutions and a 31% increase in Sports Content, Technology & Services [2][4] Financial Performance - The quarterly profit was negatively impacted by foreign currency movements, resulting in a €15 million year-over-year decrease due to €22 million lower foreign currency gain [3] - The Marketing & Media Services segment showed significant growth, increasing by 33% year-over-year during the quarter, benefiting from the recent acquisition of IMG Arena [4] Company Overview - Sportradar Group AG is a global sports technology company that provides data and software solutions to sports federations, media, and sports betting operators [5]

Core Insights - Signing Day Sports, Inc. reported selected financial results for the quarter ended September 30, 2025, highlighting a focus on improving operational efficiency and reducing expenses despite lower revenues compared to the previous year [1][4]. Financial Highlights - Total assets as of September 30, 2025, were approximately $1.0 million, with accounts payable decreasing by 64.9% from December 31, 2024 [3]. - Cash and cash equivalents increased to approximately $216 thousand, up from approximately $181 thousand at the end of 2024 [3]. - Revenue for the quarter totaled approximately $31 thousand, down from $55 thousand in Q3 2024, attributed to lower event fee payments [8]. - Cost of revenues was approximately $9 thousand, a decrease from $30 thousand in the prior-year period, mainly due to reduced product and apparel-related costs [8]. - General and administrative expenses were approximately $887 thousand, down 39% from $1.46 million in Q3 2024, resulting from lower legal fees, stock-based compensation, insurance, and travel expenses [8]. - Net loss for the quarter was approximately $566 thousand, significantly reduced from approximately $1.6 million in the prior year, due to lower costs [8]. Business Update - The CEO expressed confidence in the proposed business combination with One Blockchain LLC, viewing it as a transformational opportunity to enhance the company's technology-driven sports recruitment platform [4]. - The successful launch of basketball recruitment in Q3 and the upcoming national football combine in Q4 are expected to drive growth and innovation [4].

Core Insights - Hodges Capital Management Inc. increased its stake in Genius Sports Limited, holding 1,854,611 shares valued at $22.96 million as of September 30, 2025, marking an increase from the previous quarter [1] Company Overview - Genius Sports Limited is a leading provider of sports data technology and integrity solutions, serving a global client base with proprietary technology for real-time data, streaming, and analytics [5][6] - The company reported a market capitalization of $2.41 billion and a revenue of $604.52 million for the trailing twelve months (TTM) [3] Financial Performance - Genius Sports experienced a significant year-over-year revenue growth of 38%, with third-quarter sales reaching $166.3 million [10] - Despite the revenue growth, the company reported a net loss of $28.8 million for the third quarter, contrasting with a gain of $12.5 million in the same period the previous year [10] - The company anticipates a revenue increase of 28% for the year, projecting total revenue to reach $655 million [10] Stock Performance - As of November 6, 2025, shares of Genius Sports were priced at $10.21, reflecting a 42.0% increase from the previous year and outperforming the S&P 500 by 34.2 percentage points [8] - The stock had previously surged over 50% in late September 2025 but was down 24.5% from its peak by November 7, 2025 [7]

Financial Performance - Q3 2025 revenue reached €292 million, a 14% year-over-year increase[5] - Adjusted EBITDA grew by 29% year-over-year to €85 million[5] - Adjusted EBITDA margin expanded to a record 29%, a 318 bps increase[5] - Year-to-date free cash flow reached €149 million, a 23% increase[7] Acquisition and Expansion - Completed the acquisition of IMG ARENA, adding depth in key betting sports[5] - Sportradar received financial consideration totaling $225 million as part of the IMG ARENA acquisition[16] - The acquisition includes rights to ~38,000 official data events and ~29,000 streaming events[16] Future Outlook and Investments - Full year 2025 outlook raised, expecting at least 17% revenue growth and at least 30% Adjusted EBITDA growth[5] - Share repurchase program increased by $100 million, bringing the total authorization to $300 million[5] - Projects nearly 240 bps of EBITDA margin expansion in 2025[64]

Core Insights - Sportradar Group AG reported strong financial results for Q3 2025, with a revenue increase of 14% year-over-year to €292 million, driven by growth in various segments and geographic markets [4][5][7] - The company completed the acquisition of IMG ARENA, enhancing its competitive position and expanding growth opportunities [15][16] - Adjusted EBITDA rose by 29% to €85 million, with a record margin of 29%, reflecting effective cost management and operational efficiency [5][13] Financial Performance - Total revenue for Q3 2025 was €292 million, up from €255 million in Q3 2024, marking a €37 million increase [4][7] - Revenue by product showed significant growth: - Betting & Gaming Content: €176 million, up 8% - Managed Betting Services: €56 million, up 19% - Betting Technology & Solutions: €233 million, up 11% - Marketing & Media Services: €44 million, up 33% [4][8][9] - The company generated a profit of €22 million for the period, down from €37 million in Q3 2024, primarily due to lower foreign currency gains [5][12] Growth Drivers - The acquisition of IMG ARENA is expected to provide additional growth avenues and strengthen Sportradar's rights offering and product suite [3][15] - The company achieved a Customer Net Retention Rate of 114%, indicating strong client loyalty and cross-selling capabilities [5][11] - Revenue growth was particularly strong in the United States, which saw a 21% increase, contributing to 23% of total revenue [10] Cash Flow and Outlook - Net cash from operating activities for the nine months ended September 30, 2025, was €315 million, with free cash flow of €149 million [18][32] - The company raised its full-year 2025 revenue outlook to at least €1.29 billion, representing a 17% growth, and adjusted EBITDA to at least €290 million, indicating a 30% growth [5][20][23] - A $100 million increase in the share repurchase program was announced, bringing the total authorization to $300 million [5][21] Strategic Partnerships and Innovations - Sportradar entered into a partnership with DAZN for data and broadcast services across multiple sports [14] - The company launched Bettor Sense, an AI-powered responsible gaming solution, and was awarded the 2025 American Gambling Awards Data Service Provider of the Year [22]

Core Viewpoint - Genius Sports Limited reported a significant revenue increase of 38.3% year-over-year for the quarter ended September 2025, although it posted a negative EPS of -$0.11, indicating ongoing challenges in profitability despite revenue growth [1]. Financial Performance - Revenue for the quarter reached $166.28 million, exceeding the Zacks Consensus Estimate of $158.46 million by 4.93% [1]. - The company’s EPS was -$0.11, compared to -$0.02 in the same quarter last year, reflecting a decline in earnings performance [1]. Revenue Breakdown - Revenue from Betting Technology, Content & Services was $110.01 million, slightly above the average estimate of $108.83 million from four analysts [4]. - Revenue from Media Technology, Content & Services was $41.79 million, significantly higher than the average estimate of $35.18 million [4]. - Revenue from Sports Technology & Services was $14.49 million, slightly below the estimated $14.61 million [4]. Stock Performance - Over the past month, shares of Genius Sports Limited have decreased by 6.1%, contrasting with a 2.1% increase in the Zacks S&P 500 composite [3]. - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3].

Third Quarter 2025 Earnings November 4, 2025 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve significant risks and uncertainties. All statements other than statements of historical facts are forward-looking statements. These forward-looking statements include information about our possible or assumed future results o ...

Core Viewpoint - Sportradar Group AG has completed the acquisition of IMG ARENA, enhancing its position as a leading technology and content provider in global sports betting [1][5] Group 1: Acquisition Details - The acquisition includes IMG ARENA's global sports betting rights portfolio, which encompasses strategic relationships with over 70 rightsholders, delivering approximately 38,000 official data events and 29,000 streaming events across 14 global sports [2][4] - The total financial consideration for the acquisition amounts to $225 million, which includes approximately $122 million in cash prepayments to certain sports rightsholders and approximately $103 million to Sportradar, with payments made over a two-year period [4] Group 2: Financial Impact - The acquisition is expected to be accretive to Sportradar's adjusted EBITDA margins and free cash flow conversion, while accelerating revenue, adjusted EBITDA, and free cash flow growth [4] - Sportradar anticipates seamless integration and monetization of the acquired rights across its scalable technology platform and client network [3] Group 3: Strategic Importance - The acquisition significantly expands Sportradar's access to premium sports content, strengthening its global portfolio and capabilities [5] - The company aims to deliver more immersive, data-rich experiences to clients, partners, and fans, while accelerating innovation across the global sports ecosystem [5][6]