SRAD Stock Recent News

ST. GALLEN, Switzerland, April 25, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar”) will release its financial and operating results for the first quarter ended March 31, 2024 on Wednesday, May 15, 2024. Sportradar will also host an earnings call via webcast to discuss the results at 8:30 a.m. ET on Wednesday, May 15, 2024.

Sportradar is a "picks and shovels" play in the sports betting industry. The company generated positive free cash flows and profitability in 2023.

Sportradar delivered better-than-expected revenue and earnings to end 2024. The company also announced a new $200 million stock-repurchase authorization and solid forward guidance.

Sportradar Group AG (SRAD) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to loss of $0.11 per share a year ago.

Sportradar Group AG (SRAD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ST. GALLEN, Switzerland, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar”) will release its financial and operating results for the fourth quarter ended December 31, 2023 on Wednesday, March 20, 2024. Sportradar will also host an earnings call via webcast to discuss the results at 8:30 a.m. ET on Wednesday, March 20, 2024.

Sportradar is a global leader in sports data and intelligence, with partnerships with major leagues and a strong presence in over 115 countries. Shares have traded lower since its IPO in 2021 but remain undervalued at the current price of $10, in my opinion. The increasing adoption of SRAD's Alpha Odds product and the legalization of sports betting in more US states may present strong catalysts.

CNBC's Contessa Brewer reports on sports betting stocks, and the under-the-radar stocks that investors should know about. Charles Scherr, vice president of capital markets at Genius Sports, joins the show.

ST. GALLEN, Switzerland, Nov. 14, 2023 (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 Gerard Griffin, the Company's Chief Financial Officer, will participate in Needham's 3rd Annual Consumer Tech / E-Commerce Virtual Conference on Monday November 20, 2023. The virtual fireside chat will take place at 9:20 am eastern time. Please click here for access: https://wsw.com/webcast/needham137/srad/2245890

Sportradar has potential for further growth due to its extensive data sets in the growing sports betting industry. The company has seen fluctuating margins due to extensive investments, but I believe Sportradar is on track for significant margin expansion. The stock seems to price in a good amount of growth and margin expansion, as my DCF model estimates the stock to be fairly valued.