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NEW YORK and ST. GALLEN, Switzerland, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Sportradar (NASDAQ: SRAD) today announced a multiyear agreement with Major League Baseball (MLB) to offer unparalleled sports performance analysis of amateur baseball prospects, through its Synergy Coaching and Scouting solution, to the league and its 30 Clubs. This new partnership will revolutionize player talent scouting through Sportradar's advanced, proprietary technology and highlights Sportradar's commitment to delivering innovative and game-changing solutions to the league.
Sportradar Group (SRAD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Does Sportradar Group AG (SRAD) have what it takes to be a top stock pick for momentum investors? Let's find out.
Sportradar Group (SRAD) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Investors looking for stocks in the Leisure and Recreation Products sector might want to consider either Topgolf Callaway Brands (MODG) or Sportradar Group AG (SRAD). But which of these two stocks presents investors with the better value opportunity right now?
Sportradar Group AG (NASDAQ:SRAD ) Q3 2024 Results Conference Call November 7, 2024 8:00 AM ET Company Participants Jim Bombassei - Senior Vice President, Investor Relations Carsten Koerl - Chief Executive Officer Craig Felenstein - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Michael Graham - Canaccord David Katz - Jefferies Bernie McTernan - Needham & Company Robin Farley - UBS Jordan Bender - Citizens JMP Samuel Nielsen - JPMorgan Operator Ladies and gentlemen, thank you for standing by. Welcome to the Sportradar Third Quarter 2024 Earnings Conference Call.
Sportradar Group AG (SRAD) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.01 per share a year ago.
Third Quarter 2024 Highlights Revenue increased 27% to €255 million Profit for the period increased €33 million to €37 million and expanded to 14.5% as a percentage of revenue Adjusted EBITDA1 increased 30% to €66 million and Adjusted EBITDA margin1 expanded to 25.8% Net cash generated from operating activities increased 55% to €118 million and Free cash flow1 increased 192% to €62 million Customer Net Retention Rate1 increased to 126% Repurchased $8.3 million of shares Further raised full year guidance to revenue growth of at least 24% to €1,090 million and Adjusted EBITDA growth of at least 29% to €216 million ST. GALLEN, Switzerland, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced financial results for its third quarter ended September 30, 2024.
Investors interested in stocks from the Leisure and Recreation Products sector have probably already heard of Amer Sports, Inc. (AS) and Sportradar Group AG (SRAD). But which of these two companies is the best option for those looking for undervalued stocks?
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