Sportradar Group Ag Class A ( (SRAD) ) has released its Q4 earnings. Here is a breakdown of the information Sportradar Group Ag Class A presented to its investors.
Sportradar Group AG is a global sports technology company that provides immersive experiences for sports fans and bettors, operating at the intersection of sports, media, and betting industries. In its latest earnings report, Sportradar announced a 26% increase in revenue for the full year 2024, reaching €1,107 million, alongside a profit of €34 million, consistent with the previous year. The company also reported a significant 33% rise in Adjusted EBITDA to €222 million, with a margin expansion to 20.1%. Key highlights include a strong performance in Betting Technology & Solutions and a notable 58% revenue growth in the United States market. Additionally, Sportradar announced a strategic acquisition of IMG Arena’s global sports betting rights portfolio, expected to enhance its content offering and strengthen its market position. Looking ahead, Sportradar aims for a revenue growth of at least 15% in 2025, with an anticipated Adjusted EBITDA increase of 26%, reflecting a positive outlook for continued expansion and shareholder value creation.
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