Sportradar Group Ag Class A (SRAD)
NASDAQ:SRAD
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Sportradar Group AG
(NASDAQ:SRAD)
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Rating:73Outperform
Price Target:
$19.00
▲(9.07% Upside)
Action:Reiterated
Date:06/12/26
The score is driven primarily by strong financial fundamentals (low leverage, improving profitability, and solid recent free cash flow) and supportive reaffirmed growth/margin guidance from the earnings call. Offsetting factors are premium valuation (high P/E) and technically extended momentum signals that increase near-term volatility risk.
Positive Factors
Free Cash Flow Generation
Sportradar's materially improved free cash flow and higher FCF conversion reflect stronger cash generation capacity. Durable FCF supports reinvestment, rights funding, buybacks and lowers refinancing risk, improving financial optionality over the next 2–6 months regardless of near-term revenue timing.
Negative Factors
Regulatory & Allegation Risk
Allegations and ensuing regulatory/partner scrutiny create persistent reputational, contract and compliance risk that can erode long-term commercial relationships. Even if unfounded, elevated oversight can increase compliance costs, slow new deals and create structural uncertainty for B2B rights and licensing revenues.
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Positive Factors
Negative Factors
Free Cash Flow Generation
Sportradar's materially improved free cash flow and higher FCF conversion reflect stronger cash generation capacity. Durable FCF supports reinvestment, rights funding, buybacks and lowers refinancing risk, improving financial optionality over the next 2–6 months regardless of near-term revenue timing.
Read all positive factors
Sportradar Group AG (SRAD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.99B
Dividend YieldN/A
Average Volume (3M)3.16M
Price to Earnings (P/E)59.0
Beta (1Y)0.86
Revenue Growth24.38%
EPS Growth25.18%
CountryUS
Employees4,582
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.23
Shares Outstanding221,390,290
10 Day Avg. Volume3,624,242
30 Day Avg. Volume3,160,838
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)6.22
Price to Sales (P/S)4.91
P/FCF Ratio34.79
Enterprise Value/Market Cap0.62
Enterprise Value/Revenue2.33
Enterprise Value/Gross Profit6.10
Enterprise Value/Ebitda8.62
Forecast
1Y Price Target
$20.21Price Target Upside15.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)0.4
Revenue Forecast (FY)$1.56B
Sportradar Group AG Business Overview & Revenue Model
Company Description
Sportradar Group AG is a global enterprise, operating with its subsidiaries, that specializes in providing sophisticated sports data services primarily to the sports betting and media industries. With a strong presence in the United Kingdom, the U...
How the Company Makes Money
Sportradar makes money primarily by selling sports data, technology, and related services under recurring and usage-based commercial agreements to sportsbooks, betting operators, and media companies, and by monetizing sports audiences through adve...
Sportradar Group AG Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Positive
The call communicated solid operational and financial momentum—double-digit revenue growth, adjusted EBITDA growth, strong free cash flow generation, successful IMG integration and tangible product/market expansion (Playradar, prediction markets). At the same time, the quarter faced meaningful near-term headwinds: FX losses that swung the company to a small net loss, softer marketing spend and some outcome-driven weakness in Managed Trading Services, ongoing costs tied to IMG integration and planned restructuring charges, plus the distraction of recent allegations and associated regulatory attention. Management reaffirmed full-year guidance (23–25% constant currency revenue growth and 34–37% adjusted EBITDA growth) and emphasized confidence in long-term growth drivers and shareholder-friendly capital allocation, which together tilt the overall tone positive despite the near-term challenges.Positive Updates
Revenue Growth
Q1 revenues of EUR 347 million, an 11% year-over-year increase (would have been ~16% on a constant currency basis excluding FX headwinds).
Negative Updates
Impact from FX and Net Loss
Reported net loss of $6 million in Q1 versus a $24 million profit a year ago; unrecognized foreign currency losses of $9 million (versus a gain of $28 million prior year) materially weighed on the bottom line and reduced reported revenue growth versus constant currency growth.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Q1 revenues of EUR 347 million, an 11% year-over-year increase (would have been ~16% on a constant currency basis excluding FX headwinds).
Read all positive updates
Company Guidance
Sportradar reaffirmed its 2026 outlook, calling for constant‑currency revenue growth of 23–25% (reported revenue of $1.56–$1.58 billion at current FX) and adjusted EBITDA growth of 34–37% (reported $390–$400 million), implying roughly 200–225 bps of margin expansion; management also expects full‑year free‑cash‑flow conversion above last year’s 56% (Q1 FCF was $44m with a 67% conversion) and the strongest revenue cadence in Q2–Q3. Key Q1 metrics cited: revenue €/$347m, adjusted EBITDA $66m (19% margin), cash $322m and no debt; rights expense $122m (up 18%), adjusted personnel $84m, purchase services $46m, and streaming to exceed 700,000 matches in 2026. They said IMG synergies should exceed the prior 25% target, expect prediction‑market contributions (potentially “tens of millions” annually) mainly in the back half, have initiated $13–$18m of restructuring charges for the year, and launched a $250m enhanced open‑market repurchase under a $1bn authorization after Q1 repurchases of ~$90m (total repurchases ~$228m).Sportradar Group AG Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.33B | 1.24B | 1.11B | 877.62M | 730.19M | 561.20M |
| Gross Profit | 507.27M | 261.55M | 628.55M | 540.03M | 431.72M | 453.57M |
| EBITDA | 358.66M | 261.50M | 384.75M | 285.01M | 242.64M | 185.52M |
| Net Income | 69.68M | 96.36M | 34.15M | 34.66M | 10.89M | 12.57M |
Balance Sheet | ||||||
| Total Assets | 2.75B | 2.87B | 2.29B | 2.25B | 1.39B | 1.77B |
| Cash, Cash Equivalents and Short-Term Investments | 322.12M | 365.14M | 348.36M | 277.17M | 243.76M | 742.77M |
| Total Debt | 61.68M | 62.83M | 46.72M | 50.15M | 22.84M | 435.35M |
| Total Liabilities | 1.86B | 1.89B | 1.36B | 1.37B | 631.63M | 1.04B |
| Stockholders Equity | 899.11M | 977.92M | 925.15M | 867.79M | 751.59M | 738.82M |
Cash Flow | ||||||
| Free Cash Flow | 233.88M | 174.74M | 125.36M | 58.37M | 5.52M | 1.47M |
| Operating Cash Flow | 410.00M | 403.01M | 353.01M | 258.64M | 168.08M | 132.22M |
| Investing Cash Flow | -229.35M | -231.95M | -254.88M | -202.09M | -246.57M | -333.77M |
| Financing Cash Flow | -202.58M | -127.77M | -36.75M | -17.63M | -459.85M | 539.77M |
Sportradar Group AG Technical Analysis
Neutral
17.42
Price Trends
14.40
Positive
16.22
Negative
20.66
Negative
Market Momentum
0.61
Negative
62.23
Neutral
82.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SRAD, the sentiment is Neutral. The current price of 17.42 is above the 20-day moving average (MA) of 14.04, above the 50-day MA of 14.40, and below the 200-day MA of 20.66, indicating a neutral trend. The MACD of 0.61 indicates Negative momentum. The RSI at 62.23 is Neutral, neither overbought nor oversold. The STOCH value of 82.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SRAD.
Sportradar Group AG Risk Analysis
Sportradar Group AG disclosed 60 risk factors in its most recent earnings report. Sportradar Group AG reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
The requirements of being a public company may strain our resources and divert management's attention, and additional legal, accounting and compliance expenses may be greater than we anticipate. Q4, 2023
Sportradar Group AG Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $2.71B | 14.85 | 18.54% | ― | 15.92% | ― | |
73 Outperform | $4.99B | 59.01 | 7.31% | ― | 24.38% | 25.18% | |
73 Outperform | $9.42B | -151.68 | -7.04% | ― | 25.04% | 25.92% | |
73 Outperform | $6.72B | 40.68 | 77.45% | 2.11% | 17.39% | -31.63% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $914.09M | -10.25 | -35.68% | ― | 16.36% | 10.40% | |
47 Neutral | $3.24B | -22.81 | -12.16% | ― | 31.25% | 56.23% |
* Technology Sector Average
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Sportradar Group AG Corporate Events
Sportradar Shareholders Back 2025 Reports and Board as AGM Sets Pay Limits
May 22, 2026
On May 20, 2026, Sportradar Group AG held its annual general meeting in Switzerland, where shareholders overwhelmingly approved the 2025 management report, consolidated and statutory financial statements, and the sustainability report, while agree...
Sportradar Expands Undrawn Revolving Credit Facility to €250 Million
Apr 30, 2026
On April 30, 2026, Sportradar Group AG amended and restated its revolving credit facility, increasing total commitments from €220 million to €250 million while keeping the facility currently undrawn. The borrower remains its wholly own...
Sportradar Names New COO and Launches $250 Million Share Buyback Tranche
Apr 28, 2026
On April 28, 2026, Sportradar Group AG announced the appointment of gaming and digital industry veteran Sameer Deen as Chief Operating Officer, effective May 18, 2026, reporting directly to founder and CEO Carsten Koerl. Deen, who brings more than...
Sportradar Defends Compliance Framework as It Rebuts Short-Seller Allegations
Apr 28, 2026
Sportradar Group AG used its April 2026 filing to push back against what it describes as sensationalized reports by short-sellers seeking to depress its share price, stressing its long-standing emphasis on integrity, transparency and regulatory co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.