Sportradar AG has achieved all commercial and operating objectives of a ‘dynamic 2023’ as the Nasdaq sports technology group sets the target of surpassing €1bn in corporate revenues in 2024. Publishing its full-year 2023 accounts, Sportradar lauds its third consecutive year of double-digit growth as corporate revenues stand at €878m, 20% above FY2022 results of €730m. Double-digit growth in headline …
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Sportradar AG has updated its financial guidance for 2023 following continued momentum during Q3 which saw revenue growth across its core geographic and business segments. The Swiss-based sportstech group reported overall quarterly revenue of €201m, an increase of 12% on 2022 comparatives of €178m, whilst EBITDA also rose 38% to €50.5m (€36.5m), with an increased margin of 25% up from …
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Sportradar AG has projected a strong outlook for 2023 after reporting revenue growth across all markets last year, exceeding its all 2022 expectations. The Global Nasdaq sportstech firm saw total group-wide revenue increase both for the full year and during the final quarter, and profitability has continued in the face of mourning costs. Investment heavy year pays dividends Sportradar reported …
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Sportradar AG has upgraded its full-year 2022 financial outlook, reflecting a consecutive quarter of “exceeded growth outperforming corporate expectations”. Publishing its Q3 trading update, the Nasdaq sportstech group registered corporate revenues of €179m, up 31% on 2021 comparative results of €137m. Q3’s headline growth accounted for a 28% increase in Rest-of-the-World (excluding US) betting revenues of €101m that outperformed like-for-like …
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Sports betting technology provider Sportradar AG has confirmed the launch today of ‘ORAKO’ – an all-in-one sportsbook solution for betting operators seeking to introduce sports wagering or enhance their existing offer. ORAKO comes packed with the technology, products and tools operators need to quickly launch and establish an omnichannel sports betting service for customers. It is, the firm added, also …
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As the new F1 grandprix season gets underway in Austria on Friday 3 July, Sportradar and F1 will collaborate to host their exclusive SBC Webinar ‘Putting data in the fast lane’ on Wednesday 1 July (16:00 BST ) showcasing how their partnership is creating new commercial opportunities within the industry. Long underserved by traditional betting mechanisms, Sportradar and F1 will detail to SBC …
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Last week, Sportradar announced the launch of ‘Simulated Reality’, which offers clients a new sports betting category matching real-life sports engagements. Speaking exclusively to SBC, Werner Becher, Sportradar Managing Director for US Betting, outlined the journey to launch and tech capacity for Simulated Reality – a product arriving at the most critical time for the industry. ______________ SBC: Can you explain …
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The Deutsche Fußball Liga (DFL), the governing body of German professional football leagues has expanded its ‘Together Against Match-Fixing’ programme with sorts data, intelligence and content provider Sportradar Working in partnership with Sportradar, the DFL will expand its integrity workshops programme for Bundesliga syndicated football clubs Seeking to diminish match-fixing factors and dynamics across German football development, the DFL has …
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Adam Lewis sports law QC has stated that tennis needs to readdress its relationship with betting if the sport is to diminish corruption and match-fixing. Yesterday, Lewis who has led tennis’ independent Integrity Review Panel (IRP), revealed the findings of a two-year study researching the sport’s match-fixing, corruption and betting-related issues. At a press conference in London, Lewis outlined that …
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A year since launching its ‘Managed Trading Services’ (MTS) at ICE 2016, SBC catches up with Heath Cram Director of Business Development for Sportradar AG to discuss the product latest developments amid an ever-changing sports betting market. Cram details to SBC readers how Betradar has utilised all key corporate components and competencies to build effectively managed trading services for all …
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