Sportradar posts ‘solid’ second quarter, Jefferies analyst says

Source: Sportradar

Sportradar “delivered a solid beat and raise” in its second-quarter earnings, according to Jefferies Equity Research analyst David Katz. He credited rapid US-derived revenue growth for much of the performance.

Sportradar increased revenue 14%, but 45% in the US. The company raised its earnings guidance for 2025 by US$5 million. Wrote Katz, “Overall, the quarter is unlikely to push shares higher, although the pending IMG deal remains [an] outstanding driver.”

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Second-quarter revenues were EUR€318 million (US$368 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift, slightly higher than Wall Street had forecast (EUR€316 million (US$366 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift). Sportradar also outperformed on cash flow, delivering EUR€64 million (US$74.1 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift instead of the Street’s expected EUR€58 million (US$67.2 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift.

Year over year, revenue from the US grew from EUR€61 million (US$70.6 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift to EUR€88 million (US$102 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift. Even so, US-based revenue represented only 28% of the Sportradar picture.

The company’s betting technology and solutions division improved its performance to EUR€259 million (US$300 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift from EUR€230 million (US$266 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift in the second quarter of 2024. The Sports Content, Technology & Solutions division grew revenue 22%, to EUR€59 million (US$68.3 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift from EUR€48 million (US$55.6 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift.

Adjusted cash flow for 2025 is projected to be EUR€284 million (US$329 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift (Sportradar has previously aimed for EUR€281 million (US$325 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift), representing a spike of 28%. That would still place it below Jefferies’ projection of EUR€287 million (US$332 million)1 EUR = 1.1579 USD
2025-08-05Powered by CMG CurrenShift.

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