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Dec 31, 2024
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Sportradar Q4 2024 Earnings Report
Estimated Revenue:€300M
+21.1% YoY
Estimated EPS:€0.0479
+27.1% YoY
Key Takeaways
Sportradar posted €307 million in revenue for Q4 2024, marking a 22% increase compared to the previous year. Despite strong operational growth and a 53% increase in adjusted EBITDA to €61 million, the company reported a net loss of €1.3 million due to significant foreign currency losses. The U.S. market demonstrated strong expansion, contributing 24% of total revenue for the quarter.
Revenue rose 22% year-over-year to €307 million, driven by Betting & Gaming Content and Sports Content growth.
Adjusted EBITDA increased 53% to €61 million, with margin expansion to 19.7%.
Net loss of €1.3 million due to foreign currency losses and higher financing costs.
United States revenue grew 41% and represented 24% of total quarterly revenue.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Sportradar expects fiscal 2025 revenue of at least €1.273 billion, representing a minimum 15% year-over-year growth, along with adjusted EBITDA growth of at least 26% and margin expansion of at least 200 basis points.
Positive Outlook
- Targeting revenue growth of at least 15% in fiscal 2025.
- Expecting adjusted EBITDA of at least €281 million, up 26%.
- Margin expansion of at least 200 basis points projected.
- Free cash flow conversion rate expected to exceed 2024 levels of 53%.
- Strengthened portfolio with planned IMG ARENA acquisition.
Challenges Ahead
- Foreign currency fluctuations remain a potential headwind.
- Higher financing costs expected from recent sports rights deals.
- Macroeconomic uncertainties could impact customer spending.
- Integration risks associated with upcoming acquisitions.
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