Sportradar highlights fourth-quarter earnings with 22% rise in revenue
Sports technology company Sportradar has reported its fourth-quarter and 2024 full-year results, which show revenue at €307 million (US$333 million)1 EUR = 1.0856 USD
2025-03-20Powered by CMG CurrenShift and €1.1 billion (US$1.19 billion)1 EUR = 1.0856 USD
2025-03-20Powered by CMG CurrenShift, a 22% and 26% year-over-year increase, respectively.
Sportradar’s fourth-quarter revenue in the United States alone increased by 41% year-over-year, rising from €52.8 million (US$57.3 million)1 EUR = 1.0856 USD
2025-03-20Powered by CMG CurrenShift to €74.7 million (US$81.1 million)1 EUR = 1.0856 USD
2025-03-20Powered by CMG CurrenShift. In comparison, full-year revenue for Sportradar’s US operations rose 58%, growing from €166 million (US$180 million)1 EUR = 1.0856 USD
2025-03-20Powered by CMG CurrenShift to €262.7 million (US$285 million)1 EUR = 1.0856 USD
2025-03-20Powered by CMG CurrenShift.
Despite this, Sportradar experienced a loss of €1 million (US$1.09 million)1 EUR = 1.0856 USD
2025-03-20Powered by CMG CurrenShift in the fourth quarter, citing foreign currency fluctuations.
In addition to reporting €1.1 billion (US$1.19 billion)1 EUR = 1.0856 USD
2025-03-20Powered by CMG CurrenShift in full-year revenue, adjusted EBITDA increased by 33% to €222 million (US$241 million)1 EUR = 1.0856 USD
2025-03-20Powered by CMG CurrenShift, while net cash from operating activities saw a 36% year-over-year increase, and free cash flow grew a significant 133% to €118 million (US$128 million)1 EUR = 1.0856 USD
2025-03-20Powered by CMG CurrenShift.
In 2024, Sportradar also implemented a US$200 million share repurchase plan, buying US$20.3 million over the full year and completing a US$5.7 million share repurchase in the fourth quarter.
“We are pleased with our strong execution in 2024, achieving record revenue, operating margins and free cash flow generation,” Carsten Koerl, Sportradar CEO, said in a statement. “Importantly, we continued to build on our key competitive advantages, including enhancing the depth and breadth of our content portfolio and further innovating on our product offerings.”
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