Core Insights - Genius Sports Limited (GENI) reported a revenue of $143.99 million for the quarter ended March 2025, reflecting a year-over-year increase of 20.3% [1] - The company's earnings per share (EPS) was -$0.03, an improvement from -$0.11 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $142.96 million by 0.72%, while the EPS surpassed the consensus estimate of -$0.05 by 40% [1] Revenue Breakdown - Revenue from Betting Technology, Content & Services was $106.54 million, exceeding the two-analyst average estimate of $103.34 million [4] - Revenue from Media Technology, Content & Services reached $25.89 million, slightly above the average estimate of $25.80 million [4] - Revenue from Sports Technology & Services was $11.56 million, falling short of the average estimate of $14.02 million [4] Stock Performance - Genius Sports Limited's shares have returned +23.7% over the past month, outperforming the Zacks S&P 500 composite's +11.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Group revenue increased by 20% year on year to $144 million, with adjusted EBITDA nearly tripling to $20 million from $7 million last year, resulting in an EBITDA margin expansion of 800 basis points to 14% [5][16][21] - The company expects to generate at least $620 million in group revenue and $125 million in adjusted EBITDA for the year, representing 21% revenue growth and over 300 basis points of margin expansion to 20% [16][21] Business Line Data and Key Metrics Changes - Betting business revenue increased by 44% year on year to $107 million, driven by successful contract renewals and higher pricing [18] - Revenue from revenue share agreements grew by 65% year on year, marking the highest growth rate since winning the NFL contract [18] - Sports tech revenue increased by 12% year on year, supported by innovative products built on Genius IQ technology [19] Market Data and Key Metrics Changes - Revenue growth was geographically balanced, with Europe, The Americas, and the rest of the world achieving growth rates of 16%, 23%, and 39% respectively [19] - Media revenue decreased to $26 million from $35 million last year, following a strong 63% increase in Q1 2024 [20] Company Strategy and Development Direction - The company expanded its NCAA partnership, securing exclusive data rights for March Madness and all postseason tournaments, which is expected to drive greater revenue without any rights fees [6][7] - New product launches, such as the semi-automated offside technology (SAOT) and BetVision for soccer, are expected to create a powerful flywheel effect, enhancing revenue generation and customer engagement [8][10][12] - The company is focusing on capital allocation towards tech investment and M&A, while also implementing a share repurchase program of up to $100 million [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business model's resilience against macroeconomic conditions, noting that online sports betting remains a strong component of consumer spending [16] - The company anticipates continued growth in media revenues, particularly from the evolution of the Fanhub platform, with expectations of low to mid-teens growth for the full year 2025 [20][42] Other Important Information - The company has a robust and growing customer pipeline for its Fanhub platform, which is expected to be a significant opportunity in the sports advertising ecosystem [10][11] - Management highlighted the importance of responsible gaming and maintaining the integrity of sports betting as essential for long-term industry growth [25][27] Q&A Session Summary Question: What are the top priorities with the ample cash on the balance sheet? - Management indicated that capital allocation priorities include R&D spending, M&A focus, and share buybacks as a means of being opportunistic in a volatile market [23][24] Question: How does the NCAA's push to protect student athletes impact revenue growth? - Management believes that responsible gaming and protecting player integrity align with the interests of the sports betting industry, suggesting a symbiotic relationship [25][26][27] Question: What factors contributed to the decline in media revenue? - Management noted that the decline was expected due to tough year-on-year comparisons and timing of spending, but anticipates a return to growth in the latter half of the year [32][33] Question: How does BetVision's expansion into soccer impact monetization? - Management highlighted that the expansion into soccer represents a significant opportunity due to the high volume of games and the potential for increased in-play betting [36][37] Question: What is the company's view on predictive markets? - Management sees predictive markets as an opportunity for additional products and partnerships, while also considering the implications for long-term regulation [90][92] Question: How is the guidance for in-play betting expected to change? - Management anticipates a small increase in in-play betting percentages in the latter half of the year, with potential upside to the guidance [94][95]

Financial Performance - Q1 2025 - Group Revenue increased by 20% year-on-year, reaching $144 million[12] - Group Adjusted EBITDA increased significantly by 188% year-on-year to $20 million[12] - Group Adjusted EBITDA margin expanded by 800 basis points year-on-year, reaching 13.7%[12] - The increase in Group Revenue contributed to Group Adjusted EBITDA at a 53% incremental margin[12] 2025 Guidance - The company reaffirmed its 2025 Group Revenue guidance of $620 million, implying a 21% year-on-year growth[12] - The company reaffirmed its 2025 Group Adjusted EBITDA guidance of $125 million, implying a 46% year-on-year growth and a 340 basis points margin expansion to 20%[12] - The company expects increased positive cash flow in the full year 2025[12] Strategic Initiatives - Launched BetVision for Soccer, available for 120+ competitions[12, 26] - The English Premier League introduced semi-automated offside technology (SAOT) in April[12, 14] - Unveiled Performance Studio, a 3D immersive analysis technology[12] - Expanded partnership with NCAA, confirming Genius Sports as the exclusive provider of official NCAA data to licensed sportsbooks for March Madness and all post-season tournaments through 2032[12]

Core Insights - PlayersTV is set to host its 2025 NewFront on May 8, 2025, in New York City, in partnership with Genius Sports, to unveil details about PlayersTV+, a subscription-based streaming platform focused on athlete-driven content [1][2] - The partnership aims to provide innovative targeted advertising solutions for brands, enhancing fan engagement through advanced technology and data [2][3] PlayersTV+ - PlayersTV+ will be the only dedicated streaming platform for athlete-driven content and community, featuring programming that goes "beyond the game, beyond the uniform" [2][3] - The platform is backed by over 70 athlete investors and partners, including notable figures like Chris Paul and Dwayne Wade, along with more than 2,200 fan owners who have purchased equity in the company [3][4] Genius Sports Partnership - Genius Sports will serve as the strategic fan activation platform partner, offering technologies that address the evolving needs of advertisers in reaching sports fans [3][7] - The partnership will leverage the FANHub Activation Platform, which combines programmatic and social media buying with real-time sports data [5][6] Advertising Innovations - The NewFront will showcase key innovations from Genius Sports, including augmented advertising technologies currently in use with major sports teams and events [3][5] - PlayersTV will reveal six new original shows from star athletes during the event, enhancing its content offerings [4][6] Industry Context - The event represents a significant moment for advertisers looking to engage with sports audiences, highlighting the need for a new approach in the current media landscape [3][7] - PlayersTV aims to create a new ecosystem where brands, athletes, and fans can connect authentically and measurably, marking a transformative phase in athlete-led media [7][8]

Core Viewpoint - Sportradar Group AG announced a secondary public offering of 23,000,000 Class A ordinary shares at a price of $22.50 per share, with no proceeds going to the company [1][2] Group 1: Secondary Offering Details - The secondary offering is being conducted by selling shareholders including Canada Pension Plan Investment Board, TCV, and the CEO Carsten Koerl [1] - Underwriters have a 30-day option to purchase an additional 3,450,000 Class A ordinary shares [1] - The offering is expected to close on April 25, 2025 [2] Group 2: Share Repurchase - Concurrently, Sportradar will repurchase 3,000,000 Class A ordinary shares at the same price as the secondary offering, funded by cash on hand [2] - This repurchase is part of an existing $200 million share repurchase program [2] Group 3: Underwriters - Goldman Sachs & Co. LLC and J.P. Morgan are the lead book-running managers for the secondary offering [3] - Other joint book-running managers include Citigroup, Morgan Stanley, UBS Investment Bank, Jefferies, and Deutsche Bank Securities [3] Group 4: Regulatory Filings - Sportradar has filed a shelf registration statement with the SEC for the secondary offering, which became effective upon filing on April 22, 2025 [4] - A preliminary prospectus supplement has been filed, with additional documents to be made available [4] Group 5: Company Overview - Sportradar, founded in 2001, is a leading global sports technology company that provides solutions for sports federations, media, and betting operators [9] - The company covers nearly a million events annually across major sports and partners with organizations like the ATP, NBA, and FIFA [9]

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 €1.1 billion, an increase of €229 million or 26% compared to 2023, driven by higher client spending and contributions from new ATP and NBA deals [36] - Adjusted EBITDA for the year was €222 million, up €56 million year-on-year, with adjusted EBITDA margins increasing by over 100 basis points to 20% [38] - In Q4 2024, record revenues reached €307 million, a 22% increase compared to the same quarter last year, with a customer net retention rate of 127% [39] Business Line Data and Key Metrics Changes - Betting Technology & Solutions revenue was €247 million, showing 21% growth year-on-year, primarily due to a 30% increase in betting and gaming content [40] - Sports Content, Technology & Services revenue was €60 million, up €11 million or 23% year-on-year, led by a 22% growth in Marketing & Media Services [42] - Managed Trading Services (MTS) turnover reached €35 billion in 2024, with a margin of 10.7%, an improvement from 9.8% in 2023 [25] 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 [37] - The Rest of World revenue grew by 19%, indicating strong global performance [36] - The company has signed 35 new sportsbook clients in Brazil, reflecting strong market demand [29] Company Strategy and Development Direction - The company is expanding its global content portfolio through the acquisition of IMG ARENA, which is expected to enhance its footprint in key sports and deliver significant value [8] - The focus is on leveraging technology and AI to automate and increase accessibility to sports data, aiming for multiyear margin expansion and significant cash flow generation [34] - The company is strategically positioned to capitalize on emerging markets, particularly in Brazil, where it is piloting marketing services for iGaming [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving significant operating leverage and margin expansion due to long-term sports rights agreements and disciplined cost management [44][45] - The company anticipates continued robust growth in 2025, with revenue expected to reach at least €1.273 billion, representing a year-over-year growth of at least 15% [54] - Management highlighted the importance of the IMG acquisition in accelerating revenue and EBITDA growth, with expectations for margin expansion despite increased costs [54] 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% [50] - The balance sheet remains strong, with €348 million in cash and no debt outstanding [49] - The company has repurchased approximately $20 million worth of stock under its share repurchase program, with plans to accelerate repurchases once the trading window opens [52] Q&A Session Summary Question: Can you provide details on the IMG deal structure and its impact? - Management indicated that the IMG deal is a milestone for the company, enhancing its position as a premium provider in the B2B sports market, with expected revenue and margin accretion [60][63] - The acquisition primarily involves sports rights, with operational synergies anticipated to improve margins [66] Question: What is driving the success of MTS in Brazil? - The strong local team and strategic partnerships, including an integrity partnership with the soccer confederation, are key factors driving MTS success in Brazil [70] Question: How does the Taiwan Lottery hardware sale impact organic growth? - The impact of the Taiwan Lottery hardware sales was significant, with MTS growth in Q4 expected to be in the mid to high-20% range without the one-time fees from last year [78] Question: What is the expected revenue and EBITDA contribution from IMG? - Management estimates that if IMG had been part of the portfolio for the full year, revenue growth could have been in the high-20% range, with expectations for higher margins due to operational synergies [88][89]