Sportradar has reported a 17% year-on-year (YoY) increase in Q1 2025 revenue, courtesy of double-digit growth across both its betting and sports content segments.
The supplier’s topline figure sat at €311m (£261m), a record total for the company and meeting the projections announced by Sportradar at the back end of last month, marking a rise from the €265.9m generated in the corresponding quarter last year.
Betting technology and solutions revenue was €250m, a climb of 14% YoY compared to the €219.9m produced by the division in the opening quarter of 2024, accounting for 80% of Sportradar’s group-wide figure.
Within the segment, a 13% rise in betting and gaming content revenue was sparked by increased customer engagement with additional products as well as market growth in the US, while managed trading services reported growth of 16% thanks to increased turnover and higher trading margins.
Elsewhere, Sportradar’s sports content, technology and services arm produced an improved performance of €61m in revenue, climbing 33% from Q1 2024’s total of €45.9m.
That rise was driven by a 36% increase in marketing and media services revenue, led by gains made through Sportradar’s ad:s marketing service, with several sportsbook partners increasing their respective spending on campaigns alongside an increase in the firm’s “affiliate marketing capabilities”.
The Switzerland-based outfit posted an adjusted EBITDA rise of 25% YoY, totalling €59m, marginally beating estimates by €1m, as well as a corresponding EBITDA margin of 18.9%.
Profit for the reporting period sat at €24m, in stark contrast to the €1m loss posted in Q1 2024, aided by “strong operating results” and a foreign currency gain worth €28m.
Breaking the firm’s revenue down by geography, its US operations amassed €86.1m, representing growth of 31% YoY as well as contributing 28% of Sportradar’s entire revenue total for the quarter, an improved performance that was credited to both “continued market growth and additional customer uptake” of products.
Sportradar’s rest of world segment accounted for the lion’s share, rising 12% YoY to generate €225.1m.
The supplier’s bosses paid tribute to Sportradar’s cross-selling and up-selling abilities, which were exhibited by a customer net retention rate of 122%.
Within the quarter, Sportradar reached an agreement to acquire IMG Arena and its sports betting rights portfolio, which covers 39,000 official data events across 14 sports from more than 70 global rights shareholders in over six continents.
The deal, which is expected to close in the fourth quarter of 2025, is touted to bolster Sportradar’s content and product offering.
As part of the transaction, parent company Endeavor will pay Sportradar $125m (£94.6m) in cash payments over the course of a two-year period.
Q1 also saw Sportradar extend and expand its already-existing partnership with Major League Baseball (MLB) until 2033, where it will distribute official MLB data and audiovisual content.
Following the release of Sportradar’s Q1 earnings, the company reaffirmed its full-year 2025 guidance, which includes revenue of at least €1.2bn, marking 15% YoY growth, as well as adjusted EBITDA of €281m.
The guidance does not include any potential impact of the IMG Arena acquisition, amid uncertainty over when the deal will officially close, though estimates will be revised once the transaction is completed.
Carsten Koerl, Sportradar CEO, analysed the supplier’s first quarter of the year, noting: “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.”
The record display has not had the desired effect on Sportradar stock, with the supplier’s share price currently valued at $22.41, a fall of 2% since trading opened today, 12 May.
The post Sportradar lands record quarterly revenue after double-digit growth first appeared on EGR Intel.
Nasdaq-listed supplier also sees significant improvement in its US-facing operations as group revenue surpasses €300m mark
The post Sportradar lands record quarterly revenue after double-digit growth first appeared on EGR Intel.