Sportradar announces Q3 EPS of EUR 0.07, down from EUR 0.11 a year ago
Q3 Revenue Growth: Sportradar reported a Q3 revenue of EUR 292.1 million, up from EUR 255.2 million the previous year, indicating strong topline growth and record EBITDA margins.
CEO's Statement on Performance: CEO Carsten Koerl highlighted the company's sustained operating performance, driven by premium content, technology, and AI, which contribute to above-market growth and increased client value.
Acquisition of IMG ARENA: The completion of the acquisition of IMG ARENA is expected to enhance Sportradar's competitive position, offering unmatched rights and an industry-leading product suite.
Future Growth Opportunities: The acquisition is seen as a pathway to additional growth avenues, with the potential to deliver significant value to shareholders moving forward.
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- Partnership Expansion: Betfred has extended its longstanding agreement with Sportradar, which will upgrade the technology platform for Betfred's 1,300 retail outlets nationwide, ensuring a sustainable and engaging betting offering on the UK high street, further solidifying their decade-long partnership.
- Technological Upgrade Benefits: The new retail platform technology enables Betfred to handle intense data loads and scale betting capabilities in real-time, ensuring that bettors can engage and place wagers regardless of an event's popularity, thereby enhancing user experience and market competitiveness.
- Commitment to Continuous Improvement: Under the agreement, Sportradar will oversee ongoing enhancements to the Betfred retail platform to ensure operational excellence and compliance with local regulations, thereby strengthening Betfred's capabilities in compliance and technological innovation.
- Future Development Assurance: Betfred executives stated that this agreement reaffirms their joint commitment to developing new products and features, securing the future growth of their retail business and maintaining a long-term partnership with Sportradar's technology team.
- Shareholding Change: Wilson Asset Management completely divested its 322,342 shares in Sportradar Group AG during Q4 2022 for approximately $8.67 million, indicating a potential loss of confidence that could affect market sentiment towards Sportradar.
- Financial Performance: Sportradar reported a 14% year-over-year revenue increase to €292 million in Q3, with adjusted EBITDA rising 29% to €85 million; however, its stock price has declined by 12.2% over the past year, reflecting concerns about future growth.
- Management Outlook: The management raised its 2025 revenue outlook to at least €1.29 billion and authorized a $300 million share repurchase, signaling confidence in future profitability, yet Wilson's exit may indicate caution regarding short-term market fluctuations.
- Portfolio Adjustment: Wilson's remaining top holdings are focused on highly profitable firms like Alphabet and Intuit, suggesting that the exit from Sportradar was a strategic move to optimize its portfolio and reduce exposure to sentiment and regulatory changes in the sports betting sector.
- Kratos Coverage Initiated: Piper Sandler analyst Clarke Jeffries initiated coverage on Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) with a Neutral rating and a price target of $99, reflecting a cautious market outlook given its current share price of $120.59.
- Bentley Systems Rating: BMO Capital analyst Daniel Jester initiated coverage on Bentley Systems Inc (NASDAQ:BSY) with an Outperform rating and a price target of $48, indicating optimism about its growth potential as shares currently trade at $38.10.
- Sportradar Rating Change: Stifel analyst Jeffrey Stantial initiated coverage on Sportradar Group AG (NASDAQ:SRAD) with a Buy rating and a price target of $28, with shares currently priced at $18.25, reflecting confidence in its market performance.
- Palantir Coverage Initiated: Phillip Securities analyst Paul Chew initiated coverage on Palantir Technologies Inc (NASDAQ:PLTR) with a Buy rating and a price target of $208, while shares are currently at $165.33, demonstrating strong confidence in its future growth prospects.
- Oversold Signal: Sportradar Group AG (SRAD) shares dropped to $19.97, with an RSI of 29.96, indicating that the recent heavy selling may be nearing exhaustion, thus providing potential buying opportunities for bullish investors.
- RSI Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 59.5, SRAD's oversold condition may attract investor attention, highlighting a significant divergence in market sentiment.
- Price Fluctuation Range: SRAD's 52-week low is $18.16 and high is $32.22, with the current trading price at $20.00, indicating its relative position within the volatility range, which may influence investor decisions.
- Market Sentiment Analysis: The current RSI level may prompt investors to reassess SRAD's investment value, especially after a significant price decline, potentially attracting buyers looking for rebound opportunities.











