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Jun 30
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Sportradar Q2 2025 Earnings Report
Sportradar reported strong second quarter financial results and raised its full year 2025 outlook.
Key Takeaways
Sportradar delivered a record second quarter in 2025, with revenue increasing 14% year-over-year to €318 million. Profit for the period significantly improved to €49 million, and Adjusted EBITDA grew 31% to €64 million, demonstrating strong operating momentum and margin expansion. The company also generated substantial free cash flow and raised its full-year revenue and Adjusted EBITDA guidance.
Revenue increased 14% year-over-year to a record €318 million, driven by growth across all segments.
Profit for the period reached €49 million, a significant improvement from a loss in the prior year, largely due to strong operating results and a foreign currency gain.
Adjusted EBITDA increased 31% to €64 million, with the Adjusted EBITDA margin expanding to 20.1%, reflecting inherent business leverage and focus on efficiencies.
The company raised its full-year 2025 outlook, projecting revenue of at least €1,278 million and Adjusted EBITDA of at least €284 million.
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.comBetting Technology & Solutions Revenue
CapyFin.comSports Content, Technology & Services Revenue
CapyFin.comRevenue by Geographic Location
Rest of World Revenue
CapyFin.comUnited States Revenue
CapyFin.com Forward Guidance
Sportradar is increasing its fiscal 2025 outlook, projecting strong growth in both revenue and Adjusted EBITDA, with continued Adjusted EBITDA margin expansion and high free cash flow conversion.
Positive Outlook
- Revenue expected to be at least €1,278 million, representing at least 16% year-on-year growth.
- Adjusted EBITDA expected to be at least €284 million, representing at least 28% year-on-year growth.
- Adjusted EBITDA margin expected to expand by at least 210 basis points.
- Free cash flow conversion rate still expected to be above the 2024 level of 53%.
- Guidance reflects anticipated impact of foreign currency fluctuations.
Challenges Ahead
- Guidance does not include any impact from the pending acquisition of IMG ARENA due to uncertainty around timing of close.
- Future financial results may be significantly and unpredictably impacted by items not within the company's control, such as foreign exchange gains and losses.
- Free cash flow and free cash flow conversion are subject to unpredictable factors like changes in working capital and timing of payments.
- The company's ability to achieve its outlook is subject to various risks, including economic downturns and market conditions.
- The guidance will only be updated to incorporate the IMG ARENA acquisition uplift after the closing of the transaction.