Sportradar guidance phrasing points to conservativism, says Jefferies

Jefferies says Sportradar (SRAD) “again” surpassed the firm’s and Street expectations in Q4 on both revenue and EBITDA. FY25 guidance was in-line with the firm’s expectations and above the current Street view, but guidance was phrased as “at least” in all cases, indicating conservativism, the analyst tells investors. The company also announced a new sports rights deal with Endeavor Group (EDR), which “interestingly, SRAD is being paid for,” adds the analyst, who continues to view the company as well positioned for the global growth in online sports betting. Jefferies maintains a Buy rating and $23 price target on Sportradar shares.