Sportradar Reports Strong Q3 Growth Amid Profit Challenges
Strong Revenue Growth in Q3
Sportradar Group has released its third-quarter financial results, showcasing a substantial increase in revenue driven mainly by its solid presence in the United States market. The company reported total revenue of EUR 293 million (approximately $338 million), marking a 14% rise compared to the same period last year.
Detailed Breakdown of Financial Performance
The Betting Technology & Solutions segment recorded revenue of EUR 232.8 million ($268.6 million), up 11% year over year. Meanwhile, the Sports Content, Technology & Services division saw a more pronounced growth of 31%, generating EUR 59.2 million ($68.3 million) in revenue.
The US market played a vital role, delivering EUR 66.6 million ($76.8 million), which is a 21% increase from the previous year and represents 23% of Sportradar’s total Q3 revenue. The rest of the world contributed EUR 225.5 million ($260.1 million), up 13% year on year.
Profit and Expenses
Despite the impressive revenue gains, Sportradar’s profit fell to EUR 22 million ($25.4 million) from EUR 37 million the previous year. The company attributed the profit decline to higher costs associated with sports rights, specifically linked to its ongoing ATP partnership and renewed collaboration with Major League Baseball. Increased expenses in purchased services due to growth in Marketing and Media Services also impacted profitability.
Adjusted EBITDA improved significantly, reaching EUR 85 million ($98.1 million), a 29% rise year on year, thanks to strong revenue growth which partially offset the increased costs.
Customer Retention and Cash Position
Sportradar’s customer net retention rate stood at a healthy 114%, underscoring its success in enlarging its existing client base particularly in the US, through cross-selling and upselling strategies.
At the end of Q3, the company held EUR 360 million ($415.3 million) in cash and equivalents. Year-to-date free cash flow increased to EUR 149 million ($171.9 million) from EUR 122 million previously. With an undrawn credit facility included, total liquidity climbed to EUR 580 million ($669.1 million), with no outstanding debt.
Revised Outlook and Strategic Moves
Reflecting the positive momentum, Sportradar raised its full-year projections. It now anticipates revenues of at least EUR 1.29 billion ($1.5 billion) and adjusted EBITDA of a minimum EUR 290 million ($334.6 million), which correspond to increases of 17% and 30% respectively compared to 2024 estimates.
The company’s guidance update factors in the recent acquisition of IMG ARENA, further enhancing its market standing.
Additionally, Sportradar announced a new share buyback program authorized by its board, planning to repurchase up to $300 million ($346.1 million) of its own shares.
Key Partnerships and Industry Recognition
The quarter included notable agreements such as a new collaboration with DAZN, a renewed contract with the Spanish Football Federation, and extended partnerships with major platforms like Google and Yahoo.
Sportradar also advanced its product portfolio with the development of Performance View and launched Bettor Sense in Brazil to bolster its offerings.
The company’s achievements were further highlighted by winning the 2025 American Gambling Awards Data Service Provider of the Year for the second consecutive year.
Leadership Commentary
CEO Carsten Koerl lauded the robust top-line growth and stated that the results demonstrate Sportradar’s operational strength and expansion strategy. He emphasized that the company’s progress is fueled by a strong product lineup, technological leadership, and strategic investments in artificial intelligence.
