Sportradar's earnings call reflects a largely positive sentiment, with strong revenue growth, particularly in the U.S. market, and significant increases in Managed Trading Services and adjusted EBITDA. While there were some challenges in the European sports rights market and fluctuations in advertising revenue, the highlights significantly outweigh the lowlights.

Company Guidance -

Q3 2025

During the Sportradar second quarter 2025 earnings call, the company announced an impressive 14% year-over-year revenue growth, reaching $318 million. This growth was driven by several factors, including a 30% increase in U.S. revenue and a 9% rise in international markets. The company's Managed Trading Services (MTS) experienced significant momentum with a 23% turnover growth. Sportradar's adjusted EBITDA grew by 31% to $64 million, with a margin expansion of approximately 250 basis points to 20.1%. The company also reported a strong customer net retention rate of 117% and achieved a 68% free cash flow conversion rate. Looking ahead, Sportradar raised its full-year outlook, projecting revenues of at least €1.278 billion and an adjusted EBITDA of at least €284 million, representing growth of at least 16% and 28%, respectively.

Record Quarterly Revenue

Sportradar reported all-time record quarterly revenues of $318 million, up 14% year-over-year, driven by higher product uptake from existing clients, incremental spend from new clients, and strong trading results from Managed Trading Services.

U.S. Market Growth

The U.S. market revenue grew by 30%, expanding to 28% of Sportradar's revenue mix, reflecting rapid market growth and strong demand for their content and product solutions.

Strong Performance in Managed Trading Services

Managed Trading Services saw turnover growth of 23% year-to-date, driven by the onboarding of 50 new sports books in 2024 and a robust pipeline of additional sports books.

Increased U.S. In-Play Betting

In-play betting in the U.S. has grown to approximately 50% of total betting, with expectations to exceed 70%, contributing significantly to EBITDA.

Adjusted EBITDA Growth

Adjusted EBITDA grew by 31% year-on-year to $64 million, with a margin expansion of approximately 250 basis points year-on-year to 20.1%.

Sportradar Group AG (SRAD) Earnings, Revenues Date & History

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SRAD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.09 / -	0.128	―	―	―
Aug 05, 2025	2025 (Q2)	0.17 / 0.17	0	―
May 12, 2025	2025 (Q1)	0.06 / 0.08	0	―
Mar 19, 2025	2024 (Q4)	0.05 / 0.00	0.081	―
Nov 07, 2024	2024 (Q3)	0.04 / 0.13	0.017	633.33% (+0.11)
Aug 13, 2024	2024 (Q2)	0.04 / 0.00	0	―
May 15, 2024	2024 (Q1)	0.06 / 0.00	0.023	―
Mar 20, 2024	2023 (Q4)	0.05 / 0.08	-0.125	164.81% (+0.21)
Nov 01, 2023	2023 (Q3)	0.06 / 0.02	0.046	-62.50% (-0.03)
Aug 09, 2023	2023 (Q2)	0.05 / 0.00	0.081	―

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

SRAD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$29.53	$27.84	-5.72%
May 12, 2025	$23.07	$23.16	+0.39%
Mar 19, 2025	$20.08	$22.80	+13.55%
Nov 07, 2024	$12.65	$14.31	+13.12%

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.