Game On: Sportradar Dominates with Impressive 2024 Results and Exciting Acquisition of IMG Arena’s Global Betting Rights
Full Year 2024 Highlights
Revenue increased 26% to €1,107 million
Profit for the period of €34 million was in-line with prior year
Adjusted EBITDA increased 33% to €222 million and Adjusted EBITDA margin expanded to 20.1%
Net cash from operating activities increased 36% to €353 million and Free cash flow increased 133% to €118 million
Customer Net Retention Rate increased to 127%
Implemented $200 million share repurchase plan and purchased $20.3 million under the plan
Exceeded full year guidance for both revenue and Adjusted EBITDA
Acquired affiliate marketing assets of XLMedia PLC
Fourth Quarter 2024 Highlights
Revenue increased 22% to €307 million
Loss for the period of €1 million primarily due to foreign currency fluctuations
Adjusted EBITDA increased 53% to €61 million and Adjusted EBITDA margin expanded to 19.7%
Net cash generated from operating activities increased 57% to €82 million and Free cash flow decreased to a use of €4 million primarily due to the timing of sport rights payments
Repurchased $5.7 million of shares under the share repurchase plan
ST. GALLEN, Switzerland, March 19, 2025 (GLOBE NEWSWIRE) — Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced financial results for its fourth quarter ended December 31, 2024.
Effects on You
As a sports fan or bettor, the acquisition of IMG Arena’s global betting rights by Sportradar will provide you with more opportunities for unique and engaging betting experiences. The increased revenue and profit for the company suggest a strong and reliable platform for you to engage with.
Effects on the World
The dominance of Sportradar in the sports technology industry signifies a shift towards more advanced and immersive experiences for sports fans globally. This acquisition and financial success could potentially influence the way sports betting is viewed and conducted on a global scale.
Conclusion
In conclusion, Sportradar’s impressive 2024 results and acquisition of IMG Arena’s global betting rights demonstrate the company’s strong position in the sports technology industry. With increased revenue, profit, and innovative offerings, Sportradar is paving the way for a new era in sports betting and fan engagement.
