Sportradar

Sportradar (SRAD) Q1 2025 Earnings

Reported May 12, 2025 at 7:30 AM ET · SEC Source

Q1 25 EPS

$0.07

BEAT +47.99%

Est. $0.05

Q1 25 Revenue

N/A

Est. $308.4M

vs S&P Since Q1 25

-61.6%

TRAILING MARKET

SRAD -32.1% vs S&P +29.5%

Market Reaction

Did SRAD Beat Earnings? Q1 2025 Results

Sportradar kicked off 2025 with a standout quarter, posting earnings per share of $0.07 against a consensus estimate of $0.05, a beat of nearly 48%, while record quarterly revenue of $311.23 million climbed 17.1% year over year and edged past analyst… Read more Sportradar kicked off 2025 with a standout quarter, posting earnings per share of $0.07 against a consensus estimate of $0.05, a beat of nearly 48%, while record quarterly revenue of $311.23 million climbed 17.1% year over year and edged past analyst expectations of $308.35 million. The profit swing was one of the quarter's most striking developments, the company earned $24.34 million compared to a near-breakeven loss of $649,000 a year ago, aided in part by a $27.52 million foreign currency gain. Growth was broad-based, with the Betting Technology & Solutions segment rising 14% and Sports Content, Technology & Services surging 33%, the latter fueled by accelerating sportsbook marketing spend. U.S. Revenue grew 31% and now accounts for 28% of total revenue, underscoring continued North American momentum. Free cash flow swung to $31.95 million from essentially zero a year ago. Management reiterated its full-year 2025 outlook, targeting revenue of at least $1.27 billion and Adjusted EBITDA of at least $281 million, with the pending IMG ARENA acquisition expected to add further upside once it closes in Q4.

Key Takeaways

  • 17% year-over-year revenue growth driven by broad-based growth across product suite and global footprint
  • U.S. revenue grew 31%, now representing 28% of total revenue
  • Customer Net Retention Rate of 122% demonstrating strong cross-sell and up-sell
  • Betting & Gaming Content growth of 13% from customer uptake of additional products and U.S. market growth
  • Marketing & Media Services growth of 36% from higher ad:s revenue and expanded affiliate marketing
  • Managed Trading Services growth driven by increased turnover and higher trading margins
  • Foreign currency gain of €28 million vs. €14 million loss in prior year
24/7 Wall St

SRAD YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

SRAD Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
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SRAD Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We had a strong start to the year with record quarterly revenue as we delivered broad-based growth across our leading product suite and diverse global footprint, while expanding margins and cash flow. The continued momentum we are generating builds upon our success from last year, demonstrating the durability of our business and our mission critical role in the expanding sports ecosystem. During the quarter we also further bolstered our leading content portfolio with the extension and expansion of our partnership with Major League Baseball and we signed an agreement to acquire IMG ARENA's sports betting rights portfolio. We are excited by the unique opportunities these valuable properties will provide to our customers and look forward to generating additional value for our shareholders in 2025 and beyond.”

— Carsten Koerl, Q1 2025 Earnings Press Release