Sportradar begins 2025 with record quarterly revenue

Sportradar remains confident in achieving its 2025 financial targets after revealing that its Q1 revenue rose to €311m, a 17% increase year-over-year.

The €45m climb from 2024 was attributed to a 14% growth in Betting Technology and Solutions and 33% growth in Sports Content, Technology and Services.

Meanwhile, Betting Technology and Solutions revenues of €250m were also up 14% year-over-year primarily driven by a 13% increase in Betting and Gaming Content, and managed Betting Services were up 16% from growth in Managed Trading Services.

Carsten Koerl, Sportradar CEO, commented: “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.”

What went well?

During the period, the sports technology group notably announced the extension and expansion of its partnership with Major League Baseball (MLB) for eight years, beginning with the 2025 season. 

Sportradar now exclusively distributes ultra-low latency official MLB data, media content, including MLB Statcast Data, and audiovisual content across our global client network. 

“During the quarter we also further bolstered our leading content portfolio with the extension and expansion of our partnership with MLB and we signed an agreement to acquire IMG ARENA’s sports betting rights portfolio,” Koerl added.

“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.”

Another significant milestone for the firm was its agreement to acquire IMG ARENA and its global sports betting rights portfolio. 

Around the same period, Sportradar’s also expanded into cricket with Alpha Odds, its AI-enabled odds calculation and risk management solution. This is a sport that generates an estimated €80bn in global betting turnover each year.

Lastly, the company also netted a multi-year partnership with the Brazilian Volleyball Confederation (CBV) to safeguard CBV competitions from corruption and match-fixing, and also extended its collaboration with Brazilian Football Confederation (CBF).

Profits all round

Sports Content, Technology and Services revenues of €61m increased 33% year-over-year. Meanwhile, the company generated strong revenue growth globally with the rest of the world up 12% and the US up 31%.

Looking at profit, the period stood at €24m, up €25 million, compared to a loss of €1m, in the same quarter a year ago. Finally, Q1 adjusted EBITDA was €59m, up 25%, compared to €47m in the same quarter a year ago. 

Looking to the rest of 2025 as a whole, Sportradar predicts a revenue of at least €1,273m – representing year-on-year growth of at least 15% – as well as an adjusted EBITDA of at least €281m.

The firm also is in line for an adjusted EBITDA margin expansion of at least 200 basis points, and a free cash flow conversion rate above the 2024 level of 53%