SRAD Stock Recent News

Five consumer discretionary stocks are expected to perform well in near-term defying the sector's decline. These are: RCL, RL, FOXA, NWSA, SRAD.

Provides financial targets including expectation to grow revenue at a 15% CAGR through 2027, while expanding Adjusted EBITDA margin and Free cash flow conversion by 700 basis points Provides financial targets including expectation to grow revenue at a 15% CAGR through 2027, while expanding Adjusted EBITDA margin and Free cash flow conversion by 700 basis points

ST. GALLEN, Switzerland, March 20, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (the “Company”) today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission on March 20, 2025. The annual report on Form 20-F can be accessed on the Company's investor relations website at https://investors.sportradar.com/financials-filings/sec-filings or on the SEC's website at www.sec.gov.

Shares of sports data and technology provider Sportradar (SRAD -1.93%) were up 10% this week as of 2:15 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.

Rising sports betting company, Sportradar (SRAD), showed a dip in profit but a rise in revenue in its latest earnings report. George Tsilis notes the company has most of its business overseas, but a softening U.S. dollar can serve as an upside catalyst for the stock.

Sportradar Group AG (NASDAQ:SRAD ) Q4 2024 Earnings Call March 19, 2025 8:30 AM ET Company Participants James Bombassei - Senior Vice President, Investor Relations and Corporate Finance Carsten Koerl - Chief Executive Officer Craig Felenstein - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Michael Graham - Canaccord Bernie McTernan - Needham & Company Robin Farley - UBS David Katz - Jefferies Michael Hickey - The Benchmark Company Jordan Bender - Citizens Bank Sam Nielsen - JPMorgan Operator Good day and thank you for standing by. Welcome to the Sportradar Fourth Quarter 2024 Earnings Conference Call.

Sportradar Group AG (SRAD) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.08 per share a year ago.

Full Year 2024 Highlights Revenue increased 26% to €1,107 million Profit for the period of €34 million was in-line with prior year Adjusted EBITDA1 increased 33% to €222 million and Adjusted EBITDA margin1 expanded to 20.1% Net cash from operating activities increased 36% to €353 million and Free cash flow1 increased 133% to €118 million Customer Net Retention Rate1 increased to 127% Implemented $200 million share repurchase plan and purchased $20.3 million under the plan Exceeded full year guidance for both revenue and Adjusted EBITDA Acquired affiliate marketing assets of XLMedia PLC Fourth Quarter 2024 Highlights Revenue increased 22% to €307 million Loss for the period of €1 million primarily due to foreign currency fluctuations Adjusted EBITDA1 increased 53% to €61 million and Adjusted EBITDA margin1 expanded to 19.7% Net cash generated from operating activities increased 57% to €82 million and Free cash flow1 decreased to a use of €4 million primarily due to t

Will Strengthen Company's Global Offering for Most Bet Upon Sports Including Tennis, Soccer and Basketball      Expected to Accelerate Revenue, Adjusted EBITDA and Free Cash Flow Growth and Will Be Accretive to Adjusted EBITDA Margins    ST. GALLEN, Switzerland, March 19, 2025 (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 that it has entered into a definitive agreement with Endeavor Group Holdings, Inc. (“Endeavor”) (NYSE: EDR) to acquire IMG ARENA and its global sports betting rights portfolio.

SRAD's fourth-quarter performance is likely to have benefited from strategic partnerships, strong data-driven solutions and product innovation.