Sportradar is expecting to post revenue of between €307m to €311m after the New York-listed supplier announced its preliminary Q1 results.
Ahead of the full results being released on 12 May, the supplier noted that at the top end of the guidance, revenue could rise some 17% year on year (YoY).
Q1 2024 revenue came to €265.9m, which itself represented a 28% YoY jump against Q1 2023. At the lower end of the guidance, revenue could jump 15.5% YoY.
Alongside revenue, Q1 profit should come between €20m to €24m, with adjusted EBITDA’s range being placed at roughly €56m to €58m.
At the top of the guidance, adjusted EBITDA could increase 22.9% YoY from €47.2m in Q1 2024.
Net profit will swing dramatically from a €600,000 loss last year, which was impacted by foreign currency losses and other costs.
The preliminary announcement sent Sportradar’s shares jumping yesterday, closing at $25.04 and up more than 8% on its opening.
The company’s stock has soared more than 156% in the past 12 months.
The supplier said the results are based on “preliminary internal data available as of the date of this announcement”, which was released yesterday, 22 April.
At the start of the month, the New York-listed supplier said it expected 2027 revenue to hit at least €1.7bn with adjusted EBITDA of at least €455m.
While for 2025, Sportradar predicted revenue of at least €1.3bn and adjusted EBITDA of at least €281m.
The long-term financial targets came after the firm acquired IMG Arena from Endeavor in March in a deal worth $225m.
As part of the deal, Sportradar will not have to pay to acquire the assets. Instead, $125m will be paid to the supplier by Endeavor and up to $100m in cash prepayments will be made by Endeavor to certain sports rightsholders.
The deal is expected to close in Q4 2025, subject to standard closing and regulatory approvals.
The IMG Arena deal followed the acquisition of XLMedia’s North American assets last October, with the affiliate due to cease trading on 13 May 2025.
The post Sportradar anticipating Q1 revenue of between €307m to €311m first appeared on EGR Intel.
Supplier announces preliminary results ahead of full release on 12 May, with adjusted EBITDA forecast to land between €56m to €58m
The post Sportradar anticipating Q1 revenue of between €307m to €311m first appeared on EGR Intel.