Sportradar Group AG (SRAD)
NASDAQ:SRAD
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Sportradar Group AG
(NASDAQ:SRAD)
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Rating:70Outperform
Price Target:
$17.00
▲(9.89% Upside)
Action:UpgradedDate: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
Sustained revenue growth
Consistent, accelerating top-line growth across betting technology, media and U.S. markets indicates durable demand and scalable distribution. Guidance for 2026 implies multi-period expansion driven by recurring contracts, IMG contributions and stronger U.S. exposure, supporting long-term revenue momentum.
Negative Factors
Gross-margin compression and higher rights costs
Rising rights and content costs (including IMG premium rights) increase cost intensity, putting pressure on core gross margins and making operating leverage less predictable. Persistent higher rights spending can compress long-term margins unless offset by pricing power or scale efficiencies.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Consistent, accelerating top-line growth across betting technology, media and U.S. markets indicates durable demand and scalable distribution. Guidance for 2026 implies multi-period expansion driven by recurring contracts, IMG contributions and stronger U.S. exposure, supporting long-term revenue momentum.
Read all positive factors
Sportradar Group AG (SRAD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.82B
Dividend YieldN/A
Average Volume (3M)2.36M
Price to Earnings (P/E)63.1
Beta (1Y)0.94
Revenue Growth18.99%
EPS Growth66.43%
CountryUS
Employees4,582
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.01
Shares Outstanding221,390,290
10 Day Avg. Volume1,758,371
30 Day Avg. Volume2,361,353
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)6.22
Price to Sales (P/S)4.91
P/FCF Ratio15.90
Enterprise Value/Market Cap0.79
Enterprise Value/Revenue2.97
Enterprise Value/Gross Profit6.17
Enterprise Value/Ebitda8.33
Forecast
1Y Price Target
$27.00Price Target Upside74.53% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)0.47
Revenue Forecast (FY)$1.57B
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 bookm...
How the Company Makes Money
Sportradar primarily makes money by selling subscriptions and services built on its sports data collection and distribution platform, and by monetizing sports audiences through marketing and advertising products.
Key revenue streams typically inc...
Sportradar Group AG Earnings Call Summary
Earnings Call Date:Mar 03, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 20, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum: record full-year revenue and Adjusted EBITDA, robust free cash flow, rapid IMG integration with early revenue and cost synergies, growth in streaming and Managed Trading Services, and an ambitious buyback program. Headwinds and risks were acknowledged — primarily foreign exchange impacts, timing-lumpy revenue in certain segments, elevated rights and operating costs related to IMG, and regulatory/league uncertainty around prediction markets. Management provided constructive 2026 guidance with planned margin expansion, but noted FX and timing will affect near-term cadence. Overall, positives (scale, margin expansion, cash generation, successful deal integration and clear growth guidance) materially outweigh the identified risks, which are being actively managed.Positive Updates
Record Full-Year Revenue and Strong Top-Line Growth
Full-year 2025 revenue of $1.3 billion, up $183 million or 17% year-over-year, driven by uptake from existing partners, U.S. market growth (U.S. revenue +23% year-over-year; U.S. now 25% of total revenue) and contributions from IMG.
Negative Updates
Foreign Exchange Headwinds
Weakened U.S. dollar relative to the euro acted as a headwind: Q4 reported revenue would have been ~22% growth on a constant currency basis (reported +20%). Management flagged FX as a significant headwind at current rates, particularly affecting Q1 and to a lesser extent Q2 2026.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year Revenue and Strong Top-Line Growth
Full-year 2025 revenue of $1.3 billion, up $183 million or 17% year-over-year, driven by uptake from existing partners, U.S. market growth (U.S. revenue +23% year-over-year; U.S. now 25% of total revenue) and contributions from IMG.
Read all positive updates
Company Guidance
Management guided 2026 revenue to grow 23–25% on a constant‑currency basis (implying $1.56–$1.58 billion at current FX) and Adjusted EBITDA to grow 34–37% on a constant‑currency basis (implying $390–$400 million), driving roughly 200–225 basis points of margin expansion versus 2025, while free‑cash‑flow conversion is expected to rise above the 56% achieved in 2025. They said growth should be strongest in Q2–Q3 (FX headwinds greatest in Q1–Q2), plan to scale IMG to realize ~25% revenue synergies (previously cited ≈$140 million), will continue opportunistic buybacks after raising repurchase authorization to $1 billion (≈$170 million repurchased to date, ≈$830 million remaining), and reiterated operational targets such as streaming >700,000 matches in 2026 and a significant World Cup turnover opportunity (expected to exceed the prior World Cup’s ≈$35 billion).Sportradar Group AG Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
86
Very Positive
Cash Flow
79
Positive
| 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
Negative
15.47
Price Trends
17.79
Negative
19.72
Negative
23.98
Negative
Market Momentum
-0.69
Positive
32.65
Neutral
15.77
Positive
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 15.47 is below the 20-day moving average (MA) of 17.65, below the 50-day MA of 17.79, and below the 200-day MA of 23.98, indicating a bearish trend. The MACD of -0.69 indicates Positive momentum. The RSI at 32.65 is Neutral, neither overbought nor oversold. The STOCH value of 15.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $6.16B | 27.21 | 77.38% | 2.11% | 17.83% | 118.70% | |
73 Outperform | $2.15B | 19.41 | 18.70% | ― | 18.18% | 70.94% | |
70 Outperform | $4.82B | 63.09 | 10.31% | ― | 18.99% | 66.43% | |
62 Neutral | $5.17B | -101.06 | -8.52% | ― | 22.69% | -32.47% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $750.21M | -17.26 | -32.90% | ― | 12.78% | -20.47% | |
60 Neutral | $4.59B | -21.74 | -13.37% | ― | 24.26% | 55.58% |
* Technology Sector Average
SRAD
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15.47
-7.49
-32.62%
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Sportradar Group AG Corporate Events
Sportradar Posts Record 2025 Results and Lifts Share Buyback Authorization to $1 Billion
Mar 3, 2026
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 €...
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.