The earnings call reflects a strong positive performance with significant revenue and EBITDA growth, expansion in key markets, and innovative product launches. Despite challenges such as increased sports rights costs and regulatory hurdles in Brazil, the company's raised guidance and substantial free cash flow growth highlight a robust financial position.

Company Guidance

During the Sportradar Q3 2024 earnings call, the company reported a remarkable 27% increase in revenue, reaching EUR 255 million, and a 30% growth in adjusted EBITDA. Their free cash flow surged by 140% year-to-date, underscoring strong financial performance. The company raised its full-year guidance, now expecting revenue of at least EUR 1.09 billion and adjusted EBITDA of EUR 216 million, with a focus on margin expansion. Key drivers included their robust sports coverage, comprehensive product portfolio, and strategic partnerships, such as with the NBA for innovative products like 4Sight Streaming. They also highlighted a 46% year-on-year revenue growth in the U.S. market, contributing 20% of total revenue. With a strong liquidity position of EUR 368 million in cash, Sportradar is strategically positioned for continued growth and shareholder value creation.

Strong Revenue and EBITDA Growth

Sportradar reported record third quarter revenues of EUR 255 million, a 27% increase compared to the same period last year, with an adjusted EBITDA growth of 30% to EUR 66 million.

Expansion in Key Markets

The company saw a significant 46% revenue growth in the U.S. market, which now represents 20% of total revenues, and successfully onboarded new clients in Brazil for its Managed Trading Services.

Innovative Product Offerings

Sportradar launched the award-winning 4Sight Streaming product and saw 25% of audiovisual clients adopt it. The company is also expanding the use of micro market betting across multiple sports.

Guidance Raised for 2024

The company increased its full-year revenue guidance to at least EUR 1.09 billion, marking a 24% increase from 2023, and adjusted EBITDA to at least EUR 216 million, a growth of 29% compared to 2023.

Substantial Free Cash Flow Growth

Year-to-date free cash flow reached EUR 122 million, showing a significant improvement compared to EUR 51 million in the same period last year.

---

Sportradar Group AG (DE:1M4) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:1M4 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 17, 2021	2021 (Q3)	>-0.01 / -0.03	―	―	―	―
Mar 30, 2022	2021 (Q4)	<0.01 / 0.01	―	―	―	―
May 18, 2022	2022 (Q1)	0.03 / 0.03	0.009	233.33% (+0.02)	―	―
Aug 17, 2022	2022 (Q2)	0.04 / 0.07	0.05	40.00% (+0.02)	―	―
Nov 16, 2022	2022 (Q3)	0.03 / 0.04	-0.03	233.33% (+0.07)
Mar 15, 2023	2022 (Q4)	0.03 / -0.11	0.01	-1180.00% (-0.12)
May 10, 2023	2023 (Q1)	0.04 / 0.02	0.03	-33.33% (>-0.01)
Aug 09, 2023	2023 (Q2)	0.04 / 0.00	0.07	―
Nov 01, 2023	2023 (Q3)	0.05 / 0.01	0.04	-62.50% (-0.03)
Mar 20, 2024	2023 (Q4)	0.04 / 0.07	-0.108	164.81% (+0.18)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

DE:1M4 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	€11.70	€11.70	0.00%
Aug 13, 2024	€10.10	€10.40	+2.97%
May 15, 2024	€8.65	€8.75	+1.16%
Mar 20, 2024	€9.21	€9.18	-0.27%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---