Sportradar posts ‘solid’ second quarter, Jefferies analyst says
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.”
Second-quarter revenues were EUR€318 million, slightly higher than Wall Street had forecast (EUR€316 million). Sportradar also outperformed on cash flow, delivering EUR€64 million instead of the Street’s expected EUR€58 million.
Year over year, revenue from the US grew from EUR€61 million to EUR€88 million. 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 from EUR€230 million in the second quarter of 2024. The Sports Content, Technology & Solutions division grew revenue 22%, to EUR€59 million from EUR€48 million.
Adjusted cash flow for 2025 is projected to be EUR€284 million (Sportradar has previously aimed for EUR€281 million), representing a spike of 28%. That would still place it below Jefferies’ projection of EUR€287 million.
David McKee is an award-winning journalist who has three decades of experience covering the gaming industry.
