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Sportradar Raised Earnings Outlook but Lost a Holder in an $8.7 Million Fourth-Quarter Exit
Yahoo Finance· 2026-02-03 13:41
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]