SRAD Stock Recent News

Sportradar Group AG (NASDAQ:SRAD ) Q2 2023 Earnings Conference Call August 9, 2023 8:00 AM ET Company Participants Rima Hyder – Senior Vice President of Investor Relations Carsten Koerl – Chief Executive Officer Gerard Griffin – Chief Financial Officer Conference Call Participants Ryan Sigdahl – Craig-Hallum Capital Group Bernie McTernan – Needham and Company David Karnovsky – J.P. Morgan David Katz – Jefferies Operator Good day, and thank you for standing by, and welcome to the Sportradar's Second Quarter 2023 Earnings Conference Call.

Sportradar (SRAD) emphasizes on strategic collaborations with sports league partners to drive growth. The company becomes official betting partner for CONMEBOL.

Sportradar is a leading player in the fast-growing sports betting market, with strong revenue growth and profitability compared to competitors. The company has the potential to build a significant moat in the industry, positioning itself as the "Bloomberg of sports data". The stock is undervalued, with a potential upside of 85-100%, making it a buy with a price target of $22.7 to $24.5 per share.

NEW YORK, May 12, 2023 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar or the “Company”), a leading global technology company focused on enabling next generation engagement in sports by providing business-to-business solutions to the global sports betting industry, announced today that the Company will participate in two upcoming conferences in May.

Sportradar Group AG (SRAD) came out with quarterly earnings of $0.03 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.04 per share a year ago.

Sportradar Group AG (SRAD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

NEW YORK, April 12, 2023 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar”), a leading global technology company focused on enabling next generation engagement in sports by providing business-to-business solutions to the global sports betting industry, will release its financial and operating results for the first quarter ended March 31, 2023 on Wednesday, May 10, 2023. Sportradar will also host an earnings call via webcast to discuss the results at 8:00 a.m. EDT on Wednesday, May 10, 2023.

Sportradar's Q4 report arrived with better-than-expected growth, but investors see a tougher earnings outlook ahead. Along with other factors, increased investment in AI is expected to tamp down profitability in the near term.

Betting stocks are getting a boost from expanding regulation in the US, and Sportradar Group (NASDAQ: SRAD) is in the mix. Its Q4 results echo a report from DraftKings (NASDAQ: SRAD) that has that company on track for a major reversal in the stock price.

SRAD is set to capitalize on sports betting legalization and tailwinds in 2023. Four consecutive quarters meeting predictions show an appreciation of investor demands.