Sportradar

Sportradar (SRAD) Q4 2025 Earnings

Reported Mar 3, 2026 at 2:20 AM ET · SEC Source

Q4 25 EPS

$0.01

MISS 89.63%

Est. $0.10

Q4 25 Revenue

$368.9M

MISS 0.19%

Est. $369.6M

vs S&P Since Q4 25

-25.0%

TRAILING MARKET

SRAD -14.1% vs S&P +11.0%

Full Year 2025 Results

FY 25 EPS

$0.34

MISS 22.45%

Est. $0.44

FY 25 Revenue

$1.29B

MISS 0.05%

Est. $1.29B

Market Reaction

Did SRAD Beat Earnings? Q4 2025 Results

Sportradar closed out fiscal 2025 on solid footing, posting Q4 revenue of $368.89 million, up 20.1% year over year, though falling just shy of the $369.51 million consensus estimate by 0.17%, while delivering earnings per share of $0.01 for the quart… Read more Sportradar closed out fiscal 2025 on solid footing, posting Q4 revenue of $368.89 million, up 20.1% year over year, though falling just shy of the $369.51 million consensus estimate by 0.17%, while delivering earnings per share of $0.01 for the quarter. The headline miss was marginal, and the broader story remained one of accelerating scale: full-year revenue hit a record $1.29 billion, up 17%, as the company's November 2025 acquisition of IMG ARENA, a deal uniquely structured so that the seller paid approximately $225 million, including $103 million directly to Sportradar, added tens of thousands of data and streaming events across 14 sports and amplified Betting Technology & Solutions growth to 24% in Q4. Adjusted EBITDA for the full year reached a record $296.79 million, with margins expanding 291 basis points to 23.0%. Looking ahead, management is guiding fiscal 2026 reported revenue of $1.56 billion to $1.58 billion and Adjusted EBITDA of $390 million to $400 million, implying continued margin expansion of 200 to 225 basis points.

Key Takeaways

  • 29% growth in Betting & Gaming Content driven by customer uptake, IMG ARENA contributions, and U.S. market growth
  • Customer Net Retention Rate of 109% demonstrating strong cross-sell and upsell capabilities
  • U.S. revenue represented 23% of Q4 total revenue with 11% YoY growth
  • Foreign currency gain of €79 million for the full year vs. €38 million loss in prior year
  • Record full-year Adjusted EBITDA margin of 23.0%, up 291 basis points
24/7 Wall St

SRAD YoY Financials

Q4 2025 vs Q4 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

“Sportradar concluded 2025 with another quarter of strong performance, demonstrating significant momentum across our business as we continued to drive innovation and customer adoption. For the full year, we delivered on all fronts, achieving record revenue, substantial margin expansion, and increased free cash flow generation. These results underscore the durability of our growth strategy and our mission-critical role within the global sports ecosystem. The acquisition of IMG further strengthens our competitive position, and we are rapidly integrating and monetizing this premium content across our global customer base. Given our financial performance, confidence in our long-term trajectory and robust balance sheet, we have accelerated share repurchases and significantly increased our total authorization. We remain committed to relentlessly creating value for our partners, clients, and shareholders, and we are excited about the opportunities in both the short and long term.”

— Carsten Koerl, Q4 2025 Earnings Press Release