Sportradar Group AG (SRAD) AI Stock Analysis

• Market Cap: $5.71B
• Dividend Yield: N/A
• Average Volume (3M): 2.42M
• Price to Earnings (P/E): 63.1
• Beta (1Y): 1.09
• Revenue Growth: 18.99%
• EPS Growth: 66.43%
• Country: US
• Employees: 4,582
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.01
• Shares Outstanding: 220,584,600
• 10 Day Avg. Volume: 2,677,709
• 30 Day Avg. Volume: 2,420,166
• PEG Ratio: 0.33
• Price to Book (P/B): 6.22
• Price to Sales (P/S): 4.91
• P/FCF Ratio: 15.90
• Enterprise Value/Market Cap: 0.79
• Enterprise Value/Revenue: 3.50
• Enterprise Value/Gross Profit: 7.27
• Enterprise Value/Ebitda: 9.81
• 1Y Price Target: $27.67
• Price Target Upside: 52.79% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 17
• EPS Forecast (FY): 0.47
• Revenue Forecast (FY): $1.57B

• Rating: 70 Outperform
• Price Target: $21.00 ▲(15.96% Upside)
• Action: Upgraded Date: 03/05/26
• Date: Action: Upgraded 03/05/26

The score is driven primarily by strong financial performance (growth, cash generation, and a strengthened balance sheet) and a positive earnings outlook with margin expansion guidance and buybacks. These are offset by a high valuation and a mixed technical setup with weaker intermediate-term momentum.

Positive Factors

Accelerating revenue growth and constructive guidance

Sustained double-digit top-line growth and explicit multi-year guidance indicate durable market demand across betting, media, and streaming. A clear growth runway (notably U.S. expansion and IMG contributions) supports scalable recurring revenues and reduces reliance on one-off deals over the next 2–6 months.

Strong cash generation and conservatively positioned balance sheet

Robust operating cash flow and materially improved free cash flow provide financial flexibility to invest in rights, integrate IMG, and fund buybacks without levering the balance sheet. Low leverage materially reduces refinancing risk and supports durable capital allocation over coming quarters.

IMG acquisition integration and large buyback authorization

Acquiring IMG structurally strengthens content rights and distribution capabilities, increasing differentiation in premium sports data and media. Early client uptake and targeted synergies suggest lasting revenue and margin upside, while a large repurchase program signals strong cash return optionality and management conviction.

Negative Factors

Gross-margin compression and rising rights expense

Higher content and rights costs from IMG and premium rights can structurally compress gross margins if not fully offset by pricing or synergy realization. Persistently elevated rights/operating expense trends could limit sustainable margin expansion over the medium term.

Lumpy revenue and cash flow due to event timing and one-offs

Revenue and cash generation are sensitive to sports calendars, large contract phasing and one-off fees, creating volatility in quarterly performance. This timing risk complicates forecasting, working-capital planning, and could stress margins or investment pacing when major events are unevenly distributed.

Prediction-market opportunity constrained by regulatory/league uncertainty

Regulatory and league approvals are structural gating factors for prediction-market products. Prolonged or adverse regulatory outcomes could materially delay or limit this revenue stream, reducing expected upside and making near-term revenue contribution uncertain.

Sportradar Group AG Business Overview & Revenue Model

Company Description

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name. The company offers mission-critical software, data, and content to sports leagues, betting operators, and media companies. In addition, the company provides sports entertainment, gaming solution, and sports solutions, as well as live streaming solution for online, mobile, and retail sports betting. Further, its software solutions address the entire sports betting value chain from traffic generation and advertising technology to the collection, processing, and extrapolation of data and odds, as well as to visualization solutions, risk management, and platform services. Sportradar Group AG was incorporated in 2001 and is headquartered in St. Gallen, Switzerland.

How the Company Makes Money

Sportradar generates revenue through several key streams, primarily by offering data and content solutions to sports betting operators and media companies. Its main revenue sources include subscription fees for access to its extensive sports data feeds, transaction-based revenues from betting operators leveraging its technology for in-play betting, and licensing agreements for the use of its data and analytics in media broadcasts. The company has established significant partnerships with various sports leagues, federations, and betting companies, which further enhance its market position and revenue potential. Additionally, Sportradar invests in integrity services, helping sports organizations monitor and safeguard against betting-related corruption, which also contributes to its overall earnings.

Sportradar Group AG Financial Statement Overview

Summary

Strong overall fundamentals supported by accelerating revenue growth, improving net margin in 2025, rising operating cash flow and sharply higher free cash flow, and a conservatively positioned balance sheet with low leverage. Key risks are the 2025 gross-margin compression and historically lumpy free cash flow.

Income Statement

Top-line momentum is a clear strength, with revenue growth positive each year (2025 showing a sharp acceleration vs. prior years). Profitability is mixed: operating margins are fairly steady around ~8–10% over time, and net margin has improved to ~7.8% in 2025 from low-single-digits in 2022–2024. The key concern is volatility in gross margin, which fell materially in 2025 versus 2021–2024, suggesting higher cost intensity and less consistency in the core economics.

Balance Sheet

The balance sheet looks conservatively positioned. Debt is low relative to equity in recent years (debt-to-equity ~0.03–0.06 from 2022–2025), and equity has grown over the period, supporting financial flexibility. A notable historical risk is that leverage was much higher in 2020–2021 (including debt-to-equity above 2x in 2020), but the subsequent de-leveraging meaningfully reduces balance-sheet risk today.

Cash Flow

Cash generation is a standout: operating cash flow is strong and rising, and free cash flow has stepped up sharply, reaching a very high level in 2025 versus prior years. Cash conversion versus earnings also improved meaningfully in 2025. The main weakness is variability—free cash flow was minimal in 2021–2022 and much lower in 2023–2024, indicating that cash generation can be lumpy year-to-year despite improving trend.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.24B	1.11B	877.62M	730.19M	561.20M
Gross Profit	261.55M	628.55M	540.03M	431.72M	453.57M
EBITDA	176.58M	384.75M	285.01M	242.64M	185.52M
Net Income	96.36M	34.15M	34.66M	10.89M	12.57M
Balance Sheet
Total Assets	2.87B	2.29B	2.25B	1.39B	1.77B
Cash, Cash Equivalents and Short-Term Investments	365.14M	348.36M	277.17M	243.76M	742.77M
Total Debt	62.83M	46.72M	50.15M	22.84M	435.35M
Total Liabilities	1.89B	1.36B	1.37B	631.63M	1.04B
Stockholders Equity	977.92M	925.15M	867.79M	751.59M	738.82M
Cash Flow
Free Cash Flow	382.40M	125.36M	58.37M	5.52M	1.47M
Operating Cash Flow	387.11M	353.01M	258.64M	168.08M	132.22M
Investing Cash Flow	-237.36M	-254.88M	-202.09M	-246.57M	-333.77M
Financing Cash Flow	-108.32M	-36.75M	-17.63M	-459.85M	539.77M

Sportradar Group AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 18.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SRAD, the sentiment is Negative. The current price of 18.11 is below the 20-day moving average (MA) of 18.32, below the 50-day MA of 18.45, and below the 200-day MA of 24.56, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.75 is Neutral, neither overbought nor oversold. The STOCH value of 27.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SRAD.

Sportradar Group AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
YOU	78 Outperform	$6.51B	27.21	77.38%	2.11%	17.83%	118.70%
FRSH	73 Outperform	$2.28B	19.41	18.70%	―	18.18%	70.94%
SRAD	70 Outperform	$5.71B	63.09	10.31%	―	18.99%	66.43%
FROG	62 Neutral	$5.25B	-101.06	-8.52%	―	22.69%	-32.47%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AMPL	61 Neutral	$942.77M	-17.26	-32.90%	―	12.78%	-20.47%
KC	60 Neutral	$3.91B	―	-16.43%	―	24.26%	55.58%

Sportradar Group AG Corporate Events

Sportradar Posts Record 2025 Results and Lifts Share Buyback Authorization to $1 Billion

On March 3, 2026, Sportradar reported its fourth-quarter and full-year 2025 results, highlighting record annual revenue of €1.29 billion, up 17%, and profit of €100 million, equal to 7.8% of revenue. Adjusted EBITDA rose 33% to €297 million with margins expanding to 23.0%, while free cash flow reached a record €167 million and customer net retention came in at 109%.

The company also reported fourth-quarter 2025 revenue growth of 20% to €369 million, with adjusted EBITDA up 48% and margin improving to 24.2% despite a modest quarterly profit of €4 million. Sportradar completed the acquisition of IMG ARENA’s global sports betting rights portfolio and sharply expanded its share repurchase authorization from $300 million to $1 billion, signaling confidence in its growth strategy and balance sheet strength.

For 2025, Sportradar generated €403 million in net cash from operating activities and repurchased $91 million of its shares, including $25 million in the fourth quarter alone. Revenue growth was broad-based across betting technology, marketing and media, and sports content services, with particularly strong expansion in the United States and the rest of the world, underscoring the company’s reinforced competitive position in the global sports data and betting technology market.

The most recent analyst rating on (SRAD) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Sportradar Group AG stock, see the SRAD Stock Forecast page.

Sportradar Group AG Elects Breon Corcoran to Board of Directors

On December 11, 2025, Sportradar Group AG held an extraordinary general meeting where shareholders approved the election of Breon Corcoran to the board of directors with an overwhelming majority of 98.09% votes in favor. This decision is expected to strengthen the company’s leadership and potentially enhance its strategic direction, impacting its operations and industry positioning positively.

The most recent analyst rating on (SRAD) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Sportradar Group AG stock, see the SRAD Stock Forecast page.