Sportradar

Sportradar (SRAD) Q2 2025 Earnings

Reported Aug 5, 2025 at 7:30 AM ET · SEC Source

Q2 25 EPS

$0.17

BEAT +466.67%

Est. $0.03

Q2 25 Revenue

$317.8M

BEAT +0.73%

Est. $315.5M

vs S&P Since Q2 25

-63.4%

TRAILING MARKET

SRAD -43.2% vs S&P +20.2%

Market Reaction

Did SRAD Beat Earnings? Q2 2025 Results

Sportradar delivered a standout second quarter, posting earnings per share of $0.17 against a consensus estimate of just $0.03, a 466.67% beat, while revenue climbed 14.1% year-over-year to $317.79 million, edging past the $315.48 million consensus. … Read more Sportradar delivered a standout second quarter, posting earnings per share of $0.17 against a consensus estimate of just $0.03, a 466.67% beat, while revenue climbed 14.1% year-over-year to $317.79 million, edging past the $315.48 million consensus. The headline profit swing was dramatic: IFRS net income reached $49.12 million compared to a loss of $1.54 million in Q2 2024, though a $53.85 million foreign currency gain played a meaningful role. Adjusted EBITDA told a cleaner story, expanding 31% to $63.84 million with margins widening to 20.1% from 17.5%, reflecting the operating leverage Sportradar has been building across its platform. The U.S. Was the quarter's most compelling growth engine, with domestic revenue surging 30% and now accounting for 28% of the total mix. Management raised full-year guidance to at least $1.28 billion in revenue and at least $284 million in adjusted EBITDA, representing 16%-plus and 28%-plus growth respectively, confidence reinforced by a 117% customer net retention rate signaling strong underlying demand.

Key Takeaways

  • Existing and new customer uptake of premium content and product portfolio
  • Strong U.S. market growth driving 30% revenue increase in the region
  • Customer Net Retention Rate of 117% from cross-sell and upsell
  • Managed Trading Services growth from increased turnover and higher trading margins
  • Marketing & Media Services growth from increased spending by technology and media companies
  • Expanded affiliate marketing capabilities
  • Inherent operating leverage driving sustainable margin expansion
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SRAD YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

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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

“Our second quarter results, including record quarterly revenue, expanding operating margins and significant cash flow reflect our sustained operating momentum and execution against our growth strategy. Our industry leading scale, including our premium content and product portfolio and leading technology and AI, is driving customer uptake and above market growth. The inherent leverage in our business, combined with our focus on efficiencies, is driving sustainable margin expansion and cash flow generation. Looking ahead, given our momentum we are raising our full year expectations and anticipate the acquisition of IMG ARENA will further expand our capabilities, creating even greater value for our clients, partners and shareholders.”

— Carsten Koerl, Q2 2025 Earnings Press Release