Sportradar Group AG announced record financial results for its first quarter ended March 31, 2025, with total revenue reaching €311 million, a 17% increase year-over-year. This growth was broad-based, with Betting Technology & Solutions revenue up 14% to €250 million and Sports Content, Technology & Services revenue increasing 33% to €61 million.
The company reported a profit for the period of €24 million, a significant improvement from a loss of €1 million in the prior year, partly driven by a €28 million foreign currency gain. Adjusted EBITDA for the quarter grew 25% year-over-year to €59 million, with the Adjusted EBITDA margin expanding to 18.9%.
Sportradar reiterated its fiscal 2025 outlook, targeting revenue of at least €1,273 million, representing at least 15% year-over-year growth, and Adjusted EBITDA of at least €281 million, a growth of at least 26%. The company also reported strong liquidity with €358 million in cash and cash equivalents and no debt outstanding as of March 31, 2025.
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