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Who’s Driving Growth For Sportsradar
Sportradar revealed its preliminary Q1 2025 results yesterday, showing revenue between €307m and €311m. The Swiss-based sports data supplier has turned things around after a rough start last year.
This revenue jump marks a 15.6% increase at the upper end compared to Q1 2024, when the company posted €265.9m. Headquartered in St. Gallen, the New York-listed firm continues its upward trend that began in mid-2024.
CEO Carsten Koerl didn’t release a statement with the preliminary figures, but investors got the message loud and clear.
Why Profits Matter After Last Year’s Loss
The most eye-catching change comes in Sportradar’s bottom line. The company now expects profits between €20m and €24m for Q1, which is a positive swing after posting a €0.6m loss early in 2024
Sportradar’s adjusted EBITDA also jumped to between €56m and €58m, up from €47.2m last year. The market has reacted well to these numbers, with shares climbing 8% after the announcement to close at $25.04.
The company’s stock has been on a tear, rising over 156% in the past 12 months. The recovery follows several challenging quarters in 2023-24 when market conditions put pressure on the sports data sector.
What Moves Accompany The Financial News
Along with its financial results, Sportradar also announced a public offering of 23 million Class A shares. These shares will come from the Canada Pension Plan Investment Board, Technology Crossover Ventures, and Koerl himself.
Sportradar stressed it “is not selling any shares and will not receive any proceeds” from this offering. The company has, however, authorised buying back 3 million shares at up to $75m.
The first quarter was busy beyond finances, too. Sportradar extended its MLB partnership until 2032 and renewed its deal with the Brazilian Football Confederation. But legal troubles have also emerged. Panda Interactive sued both Sportradar and Genius Sports for alleged antitrust violations.
How These Results Fit Long-term Strategy
Earlier this month, Sportradar’s announced ambitious 2027 targets of €1.7bn revenue and €455m adjusted EBITDA, so these results add confidence to those projections.
The company’s recent €225m acquisition of IMG Arena from Endeavor is a key part of their growth plan. That deal, expected to close in Q4, has some unusual terms. Endeavor will pay Sportradar €125m and make up to €100m in prepayments to certain sports rightsholders.
Sportsradar’s full audited Q1 results will come on May 12, with an earnings call scheduled for 8:30am ET. Analysts expect more details to be revealed then about the recent deals and 2025 guidance.
