Sportradar AG(US:SRAD)2024-05-15 16:43Financial Highlights - The company achieved a record quarterly revenue of €266 million, a 28% year-over-year increase[32] - Adjusted EBITDA grew by 29% year-over-year[54] - The Adjusted EBITDA margin was 18%[75] - The company is raising its full year 2024 outlook[3] Segment Performance - Betting Technology & Solutions revenue increased by 35%[36] - Streaming & Betting Engagement grew by 46%[33] - Live Data and Odds grew by 29%[33] - Managed Betting Services grew by 32%[33] - Sports Content, Technology & Services revenue increased by 5%[92] Expense Analysis - Sport rights costs increased by 78% to €91 million, driven by new ATP and NBA partnership deals[118] - Purchased Services and Licenses, excluding expensed sport rights, grew 14% year-over-year[99] Strategic Initiatives - The company commenced purchases under the previously authorized $200 million share repurchase program[5] - The company updated its segment reporting and new revenue groups[29]