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 - Bundesliga International is enhancing its partnership with Sportradar Group AG to improve the viewing experience and innovate in the betting and gaming market [1][4]. Group 1: Partnership and Innovation - The partnership between Sportradar and Bundesliga International dates back to 2005, utilizing 3.6 million data points from Bundesliga matches to create engaging products for the 2025-26 season [2]. - New offerings include Live Player Markets, which will provide approximately 240 additional betting opportunities per match using real-time tracking data and AI capabilities [2]. Group 2: Technology and Engagement - The 4Sight Streaming technology allows betting operators to integrate AI-driven animated overlays and insights into live streams, enhancing the viewing experience [3][12]. - Enhanced Live Match Tracker utilizes tracking data and computer vision to keep fans engaged and provide in-play betting opportunities directly within betting apps [3]. Group 3: Company Background - Sportradar Group AG, founded in 2001, is a leading global sports technology company that provides solutions for sports federations, media, and betting operators, covering over a million events annually [5]. - Bundesliga International, a subsidiary of DFL Deutsche Fußball Liga, focuses on internationalizing the Bundesliga brand and enhancing fan engagement through innovative content [6].

Financial Performance - Achieved a record quarterly revenue of €318 million, a 14% year-over-year increase[5] - Adjusted EBITDA grew by 31% year-over-year to €64 million[8] - Adjusted EBITDA margin expanded to 201%, a 254 basis points increase[5] - Free cash flow reached €84 million year-to-date, with a 68% conversion rate[8] Growth and Strategy - Expects at least 16% revenue growth and at least 28% Adjusted EBITDA growth for full year 2025, with margin expansion of at least 210 basis points[5] - Global TAM expected to grow at an 11% CAGR from ~$97 billion to ~$131 billion by 2027[16] - Betting Technology and Solutions revenue increased 12% year-over-year[53] - Sports Content, Technology & Services revenue increased 22% year-over-year[57] Acquisition - Anticipates closing the acquisition of IMG ARENA in the fourth quarter of 2025, which includes rights to ~39000 official data events and ~30000 streaming events[5,41] Cost Management - Sport rights expenses were €106 million, up 11% year-over-year[63] - Adjusted personnel expenses were €80 million, up 12% year-over-year[68]

Financial Performance - Sportradar achieved a record quarterly revenue of €311 million, a 17% year-over-year increase[5] - Adjusted EBITDA grew by 25% year-over-year to €59 million[8] - The Adjusted EBITDA margin expanded to 189%, a 119 bps increase[8] - Free cash flow reached €32 million, with a 54% conversion rate[8] Growth Strategy and Market Expansion - The global sports betting total addressable market (TAM) is expected to grow at an 11% compound annual growth rate (CAGR) to approximately $131 billion by 2027[16] - The company is expanding into adjacent markets, focusing primarily on iGaming[15] - The company is cross-selling marketing services into iGaming, with 84 iCasino brands receiving Sportradar marketing services, representing 21% of total marketing services revenues[28] Strategic Initiatives - Sportradar extended its MLB partnership through 2032 and announced an agreement to acquire IMG ARENA[5] - The acquisition of IMG ARENA will add approximately 39,000 official data events and 30,000 streaming events[39] - The company repurchased $65 million, or 3 million shares, in April, bringing total repurchases to date to $86 million under its $200 million share repurchase program[5] Outlook - Sportradar is guiding to 2025 revenue growth of at least 15%, Adjusted EBITDA growth of at least 26%, and Adjusted EBITDA margin expansion of at least 200 bps[5]