Summary
- Sportradar announced its first-quarter results, showing a nearly 20% increase in revenue compared to the same period last year.
- The company reported a 31% increase in revenue within the United States and a 12% growth in revenue from the rest of the world.
- Carsten Koerl, the CEO of Sportradar, expresses his enthusiasm for the recent results.
Sportradar, a premier global sports technology company, announced its first-quarter results earlier this week. The unaudited Q1 2025 results demonstrated significant revenue growth, aligned with the achievement of key strategic objectives.
Sportradar posts growth across the board
Sportradar reported a total revenue of €311.2 million for the first quarter, marking a 17% increase compared to the €265.9 million recorded during the same period in 2024. This growth was evident across all of the company's operating segments. The Betting Technology and Solutions segment generated the largest portion of the revenue, amounting to €250 million, which is a 14% year-over-year increase. Meanwhile, the Sports Content, Technology, and Services segment saw revenue rise by 33% year-over-year, reaching €61.2 million. Geographically, Sportradar experienced significant revenue growth in the United States and a notable increase in its Rest of World operations. Revenue from the US surged by 31% year-over-year to €86.1 million, while Rest of World revenue grew by 12% to €225.1 million. Moreover, Sportradar's profit for the period increased to €24 million, expanding to 7.8% as a percentage of revenue. The company's Adjusted EBITDA for Q1 2025 rose to €59 million, reflecting a year-over-year growth of 25%.
Strong start to the year and continued positive momentum
Carsten Koerl, the Chief Executive Officer of Sportradar, expressed his enthusiasm for the company's recent financial results, as reported by Casino House Group News from a press release. We began the year strongly, achieving record quarterly revenue across our diverse product range and global presence, while improving margins and cash flow, Koerl stated. He added, Our ongoing momentum builds on last year's success, highlighting the resilience of our business model and our crucial role in the expanding sports ecosystem. Koerl noted significant achievements from the first quarter, including the extension and expansion of Sportradar's partnership with Major League Baseball (MLB). He also emphasized the importance of Sportradar's agreement to acquire IMG ARENA. We're thrilled about the unique opportunities these assets present for our clients and look forward to generating additional value for our shareholders in 2025 and beyond, Koerl concluded. Earlier this year, Sportradar reported strong revenue growth and an increase in adjusted EBITDA for the fourth quarter and full year of 2024.
