Record Quarterly Revenues
Sportradar reported all-time record quarterly revenues, up 14% year-over-year, demonstrating the strength and durability of its business model.
Strong U.S. Market Growth
The company saw a 30% growth in the U.S. market and 9% in the rest of the world, reflecting strong market fundamentals.
Managed Trading Service Momentum
MTS saw a 23% turnover growth year-to-date, driven by increased adaptation and new clients. Over 50 new sports books were signed on MTS in 2024.
4Sight Streaming Product Traction
The 4Sight Streaming product is gaining traction, particularly in fast-paced sports, with a 30% uplift in turnover for covered events.
Strong Financial Performance
Adjusted EBITDA increased 31% year-on-year, with an adjusted EBITDA margin expanding approximately 250 basis points to 20.1%.
Positive Free Cash Flow
Sportradar generated $84 million of free cash flow in the first half of the year, with a conversion rate of 68%.
Partnership Expansion
Strengthened partnership with the German Bundesliga to enhance live betting experience, adding new betting opportunities per match.
Increased Full-Year Guidance
The company raised its full-year guidance, anticipating revenues of at least EUR 1.278 billion and adjusted EBITDA of at least EUR 284 million.