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]