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Sportradar

Sportradar (SRAD) Q3 2025 Earnings

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

Q3 25 EPS

$0.07

BEAT +1.89%

Est. $0.07

Q3 25 Revenue

$292.1M

MISS 0.95%

Est. $294.9M

vs S&P Since Q3 25

-47.6%

TRAILING MARKET

SRAD -35.0% vs S&P +12.6%

Market Reaction

Did SRAD Beat Earnings? Q3 2025 Results

Sportradar delivered a mixed but fundamentally solid third quarter, posting earnings per share of $0.07 against a consensus estimate of $0.07, a narrow 1.89% beat, while revenue of $292.05 million came in just 0.95% short of the $294.86 million analy… Read more Sportradar delivered a mixed but fundamentally solid third quarter, posting earnings per share of $0.07 against a consensus estimate of $0.07, a narrow 1.89% beat, while revenue of $292.05 million came in just 0.95% short of the $294.86 million analysts had expected, yet still represented 14.4% growth year-over-year. The headline driver behind the quarter's operational strength was a record adjusted EBITDA margin of 29.0%, as the company's Sports Content, Technology & Services segment surged 31%, with Integrity Services more than doubling and Marketing & Media Services climbing 33%. Strategically, the quarter's most consequential development arrived just after the period closed: the completed acquisition of IMG ARENA on November 1, structured so that Sportradar received approximately $225 million in net financial consideration rather than paying for the deal, a structure immediately accretive to margins and free cash flow. The company rewarded that momentum by raising full-year 2025 guidance to at least $1.29 billion in revenue, implying 17%-plus growth, alongside at least $290 million in adjusted EBITDA.

Key Takeaways

  • • 14% revenue growth driven by 11% growth in Betting Technology & Solutions and 31% growth in Sports Content, Technology & Services
  • • Record Adjusted EBITDA margin of 29.0%, up from 25.8% in the prior year quarter
  • • Customer Net Retention Rate of 114% demonstrating strong cross-sell and upsell capabilities
  • • U.S. revenue up 21% reflecting continued market growth and customer uptake of premium content
  • • Managed Trading Services growth driven by increased turnover, higher trading margins and new customers
  • • Integrity Services revenue more than doubled driven by league partner uptake and new customers
24/7 Wall St

SRAD YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

24/7 Wall St

SRAD Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
24/7 Wall St

SRAD Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We delivered another quarter of strong topline growth and increasing flow through, including record EBITDA margins and substantial cash flow generation. The results reflect our sustained operating performance and the durability of our growth strategy. Our continued momentum is driven by our premium content and product portfolio, and leading technology and AI, which is enabling us to consistently drive above market growth and deliver increasing value for our clients and partners. We are very pleased to augment that growth with the completion of the acquisition of IMG ARENA, further bolstering our competitive position, including our unmatched rights offering, industry leading product suite and the depth and breadth of our global relationships. The acquisition of IMG provides additional growth avenues and we are excited by the opportunity to drive meaningful additional value for our shareholders going forward.”

— Carsten Koerl, Q3 2025 Earnings Press Release

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