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Sportradar Reports Second Quarter Financial Results and Raises Full Year 2025 Outlook
Globenewswire· 2025-08-05 11:00
Core Insights - Sportradar Group AG reported record quarterly revenue of €318 million for Q2 2025, reflecting a 14% year-over-year increase, driven by growth in Betting Technology & Solutions and Sports Content, Technology & Services [5][7][10] - The company achieved a profit of €49 million, a significant turnaround from a loss of €2 million in the same quarter last year, with a profit margin of 15.5% [5][12] - Adjusted EBITDA rose by 31% to €64 million, with an adjusted EBITDA margin of 20.1%, indicating strong operational efficiency [5][13] - The company raised its full-year revenue outlook to at least €1,278 million, representing a growth of at least 16% [5][19] Financial Performance - Total revenue for the second quarter was €318 million, up €39 million or 14% year-over-year, with notable contributions from various segments [4][7] - Revenue from Betting Technology & Solutions was €259 million, up 12% year-over-year, while Sports Content, Technology & Services saw a 22% increase to €59 million [8][9] - The United States market experienced a 30% revenue increase, now accounting for 28% of total company revenue, up from 24% in the prior year [10][11] Profitability Metrics - Profit for the period increased to €49 million, compared to a loss of €2 million in the same quarter last year, driven by strong operating results and a foreign currency gain of €54 million [5][12] - Adjusted EBITDA for the quarter was €64 million, reflecting a 31% increase compared to the same quarter last year, largely due to revenue growth [5][13] Cash Flow and Liquidity - Net cash generated from operating activities increased by 14% to €97 million, with free cash flow for the six months ending June 30, 2025, at €84 million, up from €59 million in the prior year [5][17][29] - The company had cash and cash equivalents of €312 million as of June 30, 2025, down from €348 million at the end of 2024, but maintained total liquidity of €532 million [17][18] Strategic Developments - Sportradar strengthened its partnership with the German Bundesliga and expanded its soccer offerings with exclusive global betting rights for the FIFA Club World Cup [16] - The company won two awards at the SBC Americas Awards for its innovative products, enhancing its reputation in the sports technology sector [16]