Core Viewpoint - Sportradar Group AG announced preliminary unaudited financial results for the first quarter ended March 31, 2025, with a full earnings call scheduled for May 12, 2025 [1][2]. Financial Performance - Revenue is projected to be approximately €307 million to €311 million [6]. - Profit for the period is estimated to be between €20 million and €24 million [6]. - Adjusted EBITDA is expected to range from approximately €56 million to €58 million [6]. Financial Reconciliation - The reconciliation of profit for the period from continuing operations to Adjusted EBITDA shows a profit range of €20,000 to €24,000 thousand [5]. - Key components affecting Adjusted EBITDA include finance income, finance costs, depreciation, foreign currency losses, and share-based compensation [7][12]. Company Overview - Sportradar, founded in 2001, is a leading global sports technology company that creates immersive experiences for sports fans and bettors [15]. - The company operates at the intersection of sports, media, and betting, providing solutions to sports federations, media, consumer platforms, and betting operators [15][16]. - Sportradar 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 [16].

Core Viewpoint - Sportradar Group AG announced a proposed secondary public offering of 23,000,000 Class A ordinary shares by certain selling shareholders, with no proceeds going to the company from this offering [1][4]. Group 1: Secondary Offering Details - The secondary offering includes a 30-day option for underwriters to purchase an additional 3,450,000 Class A ordinary shares [1]. - Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint book-running managers for the secondary offering [3]. - The company has filed a shelf registration statement with the SEC, which became effective upon filing on April 22, 2025 [4]. Group 2: Share Repurchase Program - Sportradar has authorized a concurrent purchase of 3,000,000 Class A ordinary shares from the underwriters, with a maximum funding of $75 million, as part of its existing $200 million share repurchase program [2]. - The share repurchase will be funded with cash on hand, and underwriters will not receive any fees for the shares being repurchased by the company [2]. Group 3: Company Overview - Sportradar Group AG, founded in 2001, is a leading global sports technology company that provides solutions for sports federations, media, consumer platforms, and sports betting operators [9]. - The company covers close to a million events annually across major sports and has partnerships with organizations like ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, and Bundesliga [9].

Group 1 - Sportradar Group's shares have experienced a significant decline of up to 73% from their post-IPO highs in 2021, but are now trading close to those highs again after a period of stagnation [1] Group 2 - The article emphasizes the importance of a value-oriented approach to investment, suggesting that valuation is more indicative of long-term opportunities or risks rather than short- to mid-term timing [1]

Provides financial targets including expectation to grow revenue at a 15% CAGR through 2027, while expanding Adjusted EBITDA margin and Free cash flow conversion by 700 basis points ST. GALLEN, Switzerland, April 01, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) ("Sportradar" or the "Company"), the leading global sports technology company, will today host an Investor Day to present the Company's growth strategy and financial outlook. Chief Executive Officer, Carsten Koerl, Chief Financial Offi ...

Financial Data and Key Metrics Changes - Total company revenue for the full year 2024 was $1,100 million, an increase of $229 million or 26% compared to 2023, driven by higher client spending and new ATP and NBA deals [25][27] - Adjusted EBITDA for the year was $222 million, up $56 million compared to the previous year, with adjusted EBITDA margins increasing by over 100 basis points to 20% [28][32] - In Q4, record revenues reached $307 million, a 22% increase year-on-year, with adjusted EBITDA of $61 million, up 53% year-on-year [30][34] Business Line Data and Key Metrics Changes - Betting technology and solutions revenue was $247 million, delivering 21% growth year-on-year, primarily driven by a 30% increase in betting and gaming content [28][29] - Managed trading services (MTS) turnover reached €35 billion, with a margin of 10.7%, an improvement from 9.8% in 2023 [19] - Sports content technology and services revenue was $60 million, increasing 23% year-on-year, led by a 22% growth in marketing and media services [29] Market Data and Key Metrics Changes - U.S. revenues increased by 58% year-on-year, now accounting for 24% of total revenue, up 500 basis points from the previous year [27] - The rest of the world saw a revenue increase of 19% [25] - MTS has expanded to over 250 sportsbook clients, encompassing more than 500 sportsbook brands [20] Company Strategy and Development Direction - The company is expanding its global content portfolio through the acquisition of IMG Arena, enhancing its footprint in key sports like tennis, soccer, and basketball [7][8] - The focus is on leveraging technology and AI to automate data collection and enhance product offerings, aiming for significant cash flow generation and margin expansion [24][38] - The company anticipates continued robust growth in 2025, with revenue expected to reach at least $1,273 million, representing a year-over-year growth of at least 15% [37][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving multi-year margin expansion and significant cash flow generation, citing a strong competitive position and growth profile [9][23] - The acquisition of IMG Arena is expected to be immediately accretive to business and margins, with a focus on maximizing the value of high-demand content [13][14] - Management highlighted the importance of operational synergies and the ability to leverage existing technology and client relationships to drive future growth [48][67] Other Important Information - The company generated free cash flow of $118 million in 2024, up from $50 million in 2023, with a conversion rate of 53% [34] - The balance sheet remains strong, with $348 million in cash and no debt outstanding [34] - The company has repurchased approximately $20 million worth of stock under its share repurchase program [35] Q&A Session Summary Question: Can you provide details on the IMG deal and its impact? - Management emphasized the strategic and commercial benefits of the IMG deal, highlighting its accretive nature to revenue, margin, and cash flow [41][45] - The acquisition includes both assets and liabilities, with a focus on operational synergies to reduce costs [48][49] Question: What is driving the success of MTS in Brazil? - A strong local team and effective marketing strategies are key drivers, with a focus on iGaming as a significant growth opportunity [50][54] Question: Can you elaborate on the impact of the Taiwan Lottery hardware sales on organic growth? - The impact was significant, with the MBS segment growth in Q4 expected to be in the high 20% range without the one-time fees from the Taiwan Lottery [58][60] Question: How does the acquisition of IMG affect revenue and EBITDA projections? - The acquisition is expected to enhance revenue growth significantly, with estimates suggesting a potential high 20% growth rate if IMG had been part of the portfolio from the start of the year [66][67] Question: What is the valuation approach for the IMG acquisition? - The company evaluates ROI for each rights acquisition, focusing on potential revenue generation and margin accretion [86][88]