Sportradar Group AG ( (SRAD) ) has provided an announcement.
On March 19, 2025, Sportradar Group AG announced a definitive agreement to acquire IMG ARENA and its global sports betting rights portfolio from Endeavor Group Holdings, Inc. This acquisition, expected to close in the fourth quarter of 2025, will enhance Sportradar’s content offerings in key sports like tennis, soccer, and basketball, and is anticipated to accelerate revenue, adjusted EBITDA, and cash flow growth. The transaction is structured uniquely, with Sportradar receiving $125 million and up to $100 million in cash prepayments made by Endeavor to certain sports rightsholders, without any financial consideration required from Sportradar. This strategic move is set to strengthen Sportradar’s market position and provide significant benefits to clients, partners, and shareholders, including improved EBITDA margins and expanded content distribution.
More about Sportradar Group AG
Sportradar Group AG, founded in 2001, is a leading global sports technology company that creates immersive experiences for sports fans and bettors. The company operates at the intersection of the sports, media, and betting industries, providing a range of solutions to sports federations, news media, consumer platforms, and sports betting operators. Sportradar is a trusted partner of major organizations like the ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, and Bundesliga, covering nearly a million events annually across all major sports. The company is also committed to safeguarding sports through its Integrity Services division.
YTD Price Performance: 15.14%
Average Trading Volume: 828,134
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.99B
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