Sportradar Group (NasdaqGS:SRAD) FY Conference March 24, 2026 01:30 PM ET Company ParticipantsCraig Felenstein - CFOConference Call ParticipantsEric Handler - Media and Entertainment AnalystEric HandlerAll right. Good morning, everybody. I'm Eric Handler, Media and Entertainment Analyst here at Roth Capital. Very happy to have today with us Craig Felenstein, Chief Financial Officer of Sportradar. Craig, welcome.Craig FelensteinThanks for having me. Appreciate it.Eric HandlerLet's start big picture. Can you ...

Company Overview - Sportradar Group AG is a leading provider of sports data and analytics, serving the global sports betting and media industries through proprietary technology and content [5] - The company offers comprehensive data coverage, real-time analytics, and integrated software solutions, positioning itself as a key enabler of digital transformation in sports entertainment and betting [5] - As of February 23, 2026, Sportradar's market capitalization is $5.08 billion, with a revenue of $1.45 billion and a net income of $111.94 million [4] Recent Transactions - Greycroft LP increased its stake in Sportradar by purchasing an additional 110,000 shares, bringing its total to 130,000 shares, with an estimated transaction value of $2.65 million [1] - This transaction reflects a quarter-end value increase of $2.55 million due to both share additions and market price changes [1] Stock Performance - As of February 23, 2026, Sportradar shares are priced at $17.18, showing a 1-year change of -19.2% and trailing the S&P 500 by 32 percentage points [3] - The buy activity from Greycroft raises Sportradar's position to 1.96% of Greycroft's 13F reportable AUM [2] Market Position - Sportradar operates a data-driven platform that monetizes proprietary sports content through software licensing, data distribution, and value-added services across the sports betting value chain [8] - The company serves a diverse clientele, including bookmakers, online and retail betting operators, sports leagues, and international media organizations [8] - Sportradar covers over 1 million matches annually across 70 sports and partners with 900 media companies, 800 sportsbooks, and 400 sports leagues, making it a co-leader in the space alongside Genius Sports [10] Investment Implications - The increase in Greycroft's position in Sportradar, especially after a price dip, signals confidence in the stock and may be encouraging for current or prospective shareholders [9] - Sportradar is viewed as a "picks-and-shovels" investment in the broader sports betting industry, providing essential data and analytics to enhance the betting experience [10]

Company Overview - Sportradar Group AG operates as a leading provider of sports data and analytics, supporting the global sports betting and media ecosystem, leveraging advanced technology and proprietary data to deliver integrated solutions [6] - As of February 2, the company's market capitalization is $5.48 billion, with a revenue of $1.23 billion and a net income of $94.83 million [4] Financial Performance - In the third quarter, Sportradar reported a revenue increase of 14% year over year to €292 million, with adjusted EBITDA rising 29% to €85 million, achieving record margins of 29% [10] - The company generated €115 million in operating cash flow for the quarter and has no debt on its balance sheet [10] - Management raised its full-year 2025 outlook, projecting at least €1.29 billion in revenue and €290 million in adjusted EBITDA, alongside a $300 million share repurchase authorization [11] Stock Performance - As of February 2, shares of Sportradar were priced at $18.24, reflecting a 12.2% decline over the past year and underperforming the S&P 500 by 28.55 percentage points [3] - Wilson Asset Management sold its entire holding of 322,342 shares in Sportradar for an estimated $8.67 million, indicating a complete divestment during the fourth quarter [2] Market Position - Sportradar provides sports data, analytics, and live streaming services for betting operators, sports leagues, and media companies worldwide, generating revenue through licensing proprietary data feeds and offering software solutions [9] - The company serves a diverse clientele, including bookmakers, online gaming operators, sports federations, and media organizations [9] Strategic Focus - Sportradar's strategic focus on comprehensive data coverage and robust software platforms positions it as a key infrastructure provider in the rapidly evolving sports technology sector [6] - Despite strong financial metrics, the company remains exposed to sentiment around sports betting growth, regulatory shifts, and investor patience, which may have influenced Wilson Asset Management's decision to exit [12]

Core Insights - Global IMC LLC significantly reduced its stake in Sportradar Group AG, selling 253,168 shares valued at approximately $7.5 million, which decreased its ownership from 45.2% to 13.5% of reportable assets [2][10] - Sportradar Group AG reported strong financial performance in the third quarter, with revenue of €292 million, a 14% year-over-year increase, and adjusted EBITDA rising 29% to €85 million, achieving record margins of 29% [10] Company Overview - Sportradar Group AG is a leading provider of sports data, analytics, and digital content solutions for the sports betting and media industries, leveraging proprietary technology and a global network [6][8] - The company generates revenue through mission-critical data feeds, analytics, and technology platforms that support the full sports betting and media value chain, serving a diverse customer base including bookmakers and sports leagues [8] Financial Metrics - As of the latest market close, Sportradar's stock price was $22.86, reflecting a nearly 38% increase over the past year, outperforming the S&P 500, which rose 16.5% in the same period [3][4] - The company reported a total revenue of $1.23 billion and a net income of $94.83 million, with a market capitalization of $6.77 billion [4]