Sportradar has reported a 19% year on year (YoY) jump in Q2 revenue to €377.8m (£324m), with the supplier highlighting growth in its Betting & Technology Solutions (+21%) and Sports Content, Technology & Services (+9%) units.
The sports data business also pointed to strategic partnerships signed with leading prediction markets Kalshi and Polymarket in the second quarter to allow Sportradar to “capitalise on this fast-growing ecosystem”.
Sportradar struck a multi-year deal with Kalshi in June, becoming the platform’s official data and solutions provider, while a tennis-related multi-year agreement was inked with Polymarket, providing exclusive ATP Tour streaming rights, along with official data and live odds.
Despite the topline gains, the company’s shares tumbled by almost a fifth (down 17% at the time of writing) in early trading in New York.
Management revealed the majority of Q2 revenue was derived from Rest of World, to the tune of €276m, with the US contributing the remaining €101.8m.
After factoring in personnel costs amounting to €109.0m, sports rights costs of €137.8m, finance expenses totalling €23.4m and other operating expenses of €36.7m, the supplier posted a loss of €3.5m for Q2, down from the €49.1m profit reported in Q2 2025.
This was attributed to “unrealised currency fluctuations mainly associated with US dollar-denominated sports rights”, as well as Q2 including severance costs “related to cost efficiency initiatives and lower income taxes”.
Adjusted EBITDA for the quarter amounted to €76.3m, up 19% YoY, leaving an adjusted EBITDA margin of 20.2%.
Sportradar CEO Carsten Koerl said: “Sportradar’s second-quarter financial growth, along with the progress we delivered across a variety of key strategic initiatives, reflects our mission-critical role at the centre of the global sports ecosystem.
“Strong demand for our premium content, data and technology solutions, including increased monetisation of our IMG ARENA rights portfolio, drove double-digit growth while deepening our relationships across our unparalleled global distribution network.
“We also further expanded our addressable market, entering into strategic partnerships with key prediction market participants that will enable us to capitalise on this fast-growing ecosystem.
“As we benefit from new avenues of growth, we remain focused on innovating across our core product suite to drive additional value for our partners, and clients as well as our shareholders.”
Looking ahead to the rest of the year, the supplier, which repurchased €140m worth of shares during Q2, is guiding revenue of up to €1.53bn, with adjusted EBITDA expected to reach €368m at the top end. This would equate to 21% and 27% growth, respectively.
During the quarter, Sportradar’s share price took a hit after reports published by short sellers Muddy Waters Research and Castillo Research claimed the supplier was supporting black-market operators.
Despite Koerl’s claims that the reports were “unfounded” and a “personal attack”, Sportradar was issued with a class-action lawsuit from investors in May.
The post Sportradar shares plunge despite 19% revenue uptick and “new avenues of growth” first appeared on EGR Intel.
Revenue reaches €378m as sports data supplier points to partnerships signed with leading prediction markets during the quarter
The post Sportradar shares plunge despite 19% revenue uptick and “new avenues of growth” first appeared on EGR Intel.