Sportradar reports Q3 revenue EUR 255.17M vs. EUR 201.04M last year

Profit for the period increased EUR 33M to EUR 37M and expanded to 14.5% as a percentage of revenue. Adjusted EBITDA increased 30% to EUR 66M and Adjusted EBITDA margin expanded to 25.8%. Carsten Koerl, Chief Executive Officer of Sportradar (SRAD), said: “Our competitive advantages within the sports ecosystem, coupled with our growth-oriented strategy, is driving broad-based outperformance. We continue to deliver more value to our clients and partners, building shareholder value. We are at an important inflection point to drive operational leverage and cash generation, demonstrated by our expanding EBITDA margin and strong cash flow this past quarter. The significant cash flow has further strengthened our balance sheet and we are deploying our capital to execute on our growth strategy while returning capital to shareholders. Additionally, we continue to show strong momentum in the US, which we expect to be further bolstered by the growth of in-game betting and with the start of the NBA and NHL seasons.”