Sportradar AG(SRAD)

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Meet the Unstoppable Growth Stock That Got Paid $225 Million to Buy Another Company
The Motley Fool· 2025-04-06 12:02
Core Insights - The global sports betting market is expected to grow at a double-digit rate annually through 2030 and beyond, leading to increased advertising spending by sportsbooks [1][2] - Sportradar is positioned as a less risky investment in the sports betting industry by providing critical data and betting services to sportsbooks and media partners [4][6] Industry Overview - The sports betting industry is highly competitive with thin profit margins, making it challenging for sportsbooks to achieve profitability [2] - Sportradar connects with over 800 betting operators, 900 media companies, and 400 sports leagues, making it a leading platform in sports data and content solutions [6] Company Developments - Sportradar recently received $225 million to acquire a sports betting company, enhancing its growth potential [4][12] - The acquisition of IMG Arena from Endeavor, which involved receiving $125 million in cash and $100 million in pre-payments, is expected to significantly boost Sportradar's content library and revenue growth [8][10] Financial Performance - Management anticipates that the IMG Arena deal will be accretive to adjusted EBITDA margins and will increase revenue growth guidance from 15% to the upper 20% range for 2025 [11] - Sportradar's top 200 clients have a net revenue retention rate of 127%, indicating strong customer loyalty and value in its services [14] Investment Potential - The rising cash return on invested capital (ROIC) suggests that Sportradar can effectively monetize new sports rights, which is a positive indicator for future growth [15] - Despite a high price-to-free-cash-flow (P/FCF) ratio of 52, Sportradar's leadership position, growth potential, and improving margins may justify this valuation [16]
Sportradar Outlines Growth Strategy and Financial Outlook at Investor Day
GlobeNewswire· 2025-04-01 13:04
Provides financial targets including expectation to grow revenue at a 15% CAGR through 2027, while expanding Adjusted EBITDA margin and Free cash flow conversion by 700 basis points ST. GALLEN, Switzerland, April 01, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) ("Sportradar" or the "Company"), the leading global sports technology company, will today host an Investor Day to present the Company's growth strategy and financial outlook. Chief Executive Officer, Carsten Koerl, Chief Financial Offi ...
Sportradar Files Its Annual Report on Form 20-F
GlobeNewswire· 2025-03-20 20:49
Core Viewpoint - Sportradar Group AG has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC, highlighting its ongoing commitment to transparency and regulatory compliance [1]. Company Overview - Sportradar Group AG, founded in 2001, is a leading global sports technology company that creates immersive experiences for sports fans and bettors [3]. - The company operates at the intersection of the sports, media, and betting industries, providing a range of solutions to sports federations, news media, consumer platforms, and sports betting operators [3]. - Sportradar covers close to a million events annually across all major sports and has established partnerships with organizations such as ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, and Bundesliga [3]. - The company also emphasizes its Integrity Services division, which aims to safeguard sports and promote an integrity-driven environment [3]. Financial Reporting - The annual report includes audited consolidated financial statements and is available for shareholders upon request, free of charge [2].
Sportradar AG(SRAD) - 2024 Q4 - Annual Report
2025-03-20 20:08
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECT ...
Why Sportradar Stock Rocketed Higher This Week
The Motley Fool· 2025-03-20 18:42
Shares of sports data and technology provider Sportradar (SRAD -1.53%) were up 10% this week as of 2:15 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.Sportradar reported fourth-quarter earnings on Wednesday, wherein revenue and cash from operations grew by 26% and 36% in 2024. However, management also announced a unique acquisition that seemed to steal the show, and the market reacted optimistically.Sportradar receives $225 million to make an acquisitionSportradar is a pi ...
Sportradar AG(SRAD) - 2024 Q4 - Earnings Call Presentation
2025-03-19 17:48
FOURTH QUARTER & FY 2024 EARNINGS | March 19, 2025 DISCLAIMER Certain statements in this press release may constitute "forward-looking" statements and information within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events, including, without limitation, statements regarding future financial or ...
Sportradar AG(SRAD) - 2024 Q4 - Earnings Call Transcript
2025-03-19 17:47
Sportradar Group AG (NASDAQ:SRAD) Q4 2024 Earnings Call March 19, 2025 8:30 AM ET Company Participants James Bombassei - Senior Vice President, Investor Relations and Corporate Finance Carsten Koerl - Chief Executive Officer Craig Felenstein - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Michael Graham - Canaccord Bernie McTernan - Needham & Company Robin Farley - UBS David Katz - Jefferies Michael Hickey - The Benchmark Company Jordan Bender - Citizens Bank ...
Sportradar Group AG (SRAD) Reports Break-Even Earnings for Q4
ZACKS· 2025-03-19 13:36
Group 1 - Sportradar Group AG reported break-even quarterly earnings per share, missing the Zacks Consensus Estimate of $0.04, compared to earnings of $0.08 per share a year ago, resulting in an earnings surprise of -100% [1] - The company posted revenues of $327.58 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 6.42%, and showing an increase from year-ago revenues of $271.98 million [2] - Sportradar Group shares have increased approximately 15.8% since the beginning of the year, contrasting with the S&P 500's decline of -4.5% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $323.05 million, and for the current fiscal year, it is $0.29 on revenues of $1.31 billion [7] - The Zacks Industry Rank indicates that the Leisure and Recreation Products sector is currently in the bottom 38% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]
Sportradar AG(SRAD) - 2024 Q4 - Annual Report
2025-03-19 13:30
Exhibit 99.1 SPORTRADAR REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS AND ANNOUNCES AGREEMENT TO ACQUIRE IMG ARENA AND ITS STRATEGIC PORTFOLIO OF GLOBAL SPORTS BETTING RIGHTS Full Year 2024 Highlights Fourth Quarter 2024 Highlights ST. GALLEN, Switzerland, March 19, 2025 – Sportradar Group AG (NASDAQ: SRAD) ("Sportradar" or the "Company"), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced financial results for its fourth qua ...
Sportradar AG(SRAD) - 2024 Q4 - Earnings Call Transcript
2025-03-19 12:30
Sportradar Group (SRAD) Q4 2024 Earnings Call March 19, 2025 08:30 AM ET Company Participants James Bombassei - Senior Vice President of Investor Relations & Corporate FinanceCarsten Koerl - Founder, CEO & DirectorCraig Felenstein - Chief Financial OfficerMichael Graham - Managing DirectorRobin Farley - Managing DirectorDavid Katz - Managing DirectorSamuel Nielsen - Equity Research Associate Conference Call Participants Ryan Sigdahl - Partner & Senior Research AnalystBernie Mcternan - Senior Research Analys ...