Sportradar Group AG reported record financial results for the fourth quarter and full year ended December 31, 2024. Fourth-quarter revenue increased 22% year-over-year to €307 million, while full-year revenue grew 26% to €1,107 million. Adjusted EBITDA for Q4 rose 53% to €61 million, and full-year Adjusted EBITDA increased 33% to €222 million.
The company also announced a definitive agreement to acquire IMG ARENA's global sports betting rights portfolio from Endeavor Group Holdings. This acquisition is structured with IMG ARENA providing $225 million in financial consideration, including $125 million cash to Sportradar and up to $100 million in prepayments to rights holders, with Sportradar paying no financial consideration to Endeavor.
The IMG ARENA portfolio will add depth and breadth in key global sports like tennis, soccer, and basketball, covering approximately 39,000 official data events and 30,000 streaming events across 14 sports. This acquisition is expected to accelerate Sportradar’s revenue, Adjusted EBITDA, and free cash flow growth, and be immediately accretive to Adjusted EBITDA margins.
For fiscal year 2025, Sportradar is 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 expects Adjusted EBITDA margin expansion of 200 basis points and a free cash flow conversion rate above 2024 levels, excluding the impact of the pending IMG ARENA acquisition.
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