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Mar 31
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Sportradar Q1 2025 Earnings Report
Sportradar reported strong growth in revenue, profitability, and cash flow in Q1 2025.
Key Takeaways
Sportradar delivered a solid first quarter with a 17% year-over-year increase in revenue, significantly higher net income, and expanding EBITDA margins. The company benefited from strong performance in both Betting Technology and Sports Content segments, while also making strategic moves including the acquisition of IMG ARENA and an extended partnership with MLB.
Revenue grew 17% year-over-year to €311.2 million.
Net income reached €24.3 million compared to a loss in the prior year.
Free cash flow improved to €32 million from zero in Q1 2024.
Major strategic moves included MLB partnership extension and IMG ARENA acquisition agreement.
Sportradar
Sportradar
Sportradar Revenue by Segment
Sportradar Revenue by Geographic Location
Revenue by Segment
Betting & Gaming Content Revenue
CapyFin.comManaged Betting Services Revenue
CapyFin.comMarketing & Media Services Revenue
CapyFin.comSports Performance Revenue
CapyFin.comIntegrity Services Revenue
CapyFin.comRevenue by Geographic Location
Rest of World Revenue
CapyFin.comUnited States Revenue
CapyFin.com Forward Guidance
Sportradar reiterated strong full-year 2025 guidance, projecting double-digit growth across revenue and adjusted EBITDA, with enhanced margin expectations.
Positive Outlook
- Minimum €1.273 billion revenue expected for FY25.
- Adjusted EBITDA forecast at minimum €281 million.
- EBITDA margin to expand by at least 200 bps.
- Positive free cash flow conversion above 2024’s 53%.
- Excludes upside from pending IMG ARENA acquisition.
Challenges Ahead
- Guidance excludes benefits from IMG ARENA due to closing uncertainty.
- Continued exposure to FX fluctuations affecting bottom line.
- Higher sport rights amortization may pressure margins.
- Elevated personnel and development costs to support growth.
- Limited visibility into integration timeline for acquisitions.