Global sports technology company Sportradar nearly reached its full-year goal for 2025 with revenue reaching almost €1.29 billion ($1.5 billion), a 17 percent yearly increase and a yearly record.
In November of last year, the group had projected it could see ‘at least €1.29 billion’ in revenue and a 30 percent rise in adjusted EBITDA to €290 million ($336.73 million). The FY25 figure actually rose 33 percent yearly, to €297 million ($344.86 million), largely driven by the revenue growth but partially offset by ‘increased sports rights costs’ linked to its Association of Tennis Professionals (ATP) partnership and renewal of its Major League (MLB) partnership, ‘and the addition of IMG ARENA content’.
The group also recorded a significant increase of €67 million ($77.8 million) in profit for the full year, totaling €100.32 million ($116.5 million), boosted by a foreign currency gain of €79 million ($91.73 million), compared to a loss of €38 million ($44.12 million) in 2024.
Fourth quarter shines
Total revenue in the fourth quarter totaled €368.89 million ($438.34 million), up by 20 percent yearly, with its Betting Technology & Solutions segment revenue up by 24 percent yearly to €305.47 million ($354.7 million). Betting & Gaming Content revenue was up by 29 percent to nearly €247.44 million ($287.32 million), due to uptake of content and products, contributions related to its acquisition of IMG Arena and US market growth. The group completed its acquisition of IMG ARENA and its global sports betting rights portfolio in November of 2025.
Managed Betting Services revenue increased by 5 percent yearly to €58.04 million ($67.4 million), due to ‘increased turnover of new customers, partially offset by lower platform revenues’.
The group’s Sports Content, Technology & Services arm saw a 5 percent yearly rise in revenue for the quarter, reaching €63.41 million ($73.63 million), primarily led by its Marketing & Media services wing, which saw growth of 13 percent in revenue to €50.01 million ($58.07 million). Sportradar notes that this was ‘due to increased spending from technology and media customers and contributions related to our expanded affiliate marketing capabilities’.
The Sports Performance segment saw a 19 percent drop in revenue yearly to €8.93 million ($10.37 million), while its Integrity Services segment also shrank, by 7 percent, to €4.47 million ($5.19 million).
In terms of geography, the United States contributed some €83.13 million ($96.53 million) in revenue, a yearly increase of 11 percent, while Rest of World revenue was up 23 percent to €285.75 million ($331.8 million). The US segment’s total contribution amounted to 23 percent of total company revenue, down 1 percentage point yearly.
During the quarter, the group turned a €1.3 million ($1.51 million) loss in 4Q24 into a €4.4 million ($5.11 million) gain, with adjusted EBITDA rising by 48 percent yearly to €89 million ($103.34 million).
Group pursuing further growth in 2026
With cash and cash equivalents totaling €365 million ($423.83 million) at the end of 2025, up by €21 million ($24.38 million), and total liquidity (including an undrawn credit facility) of €585 million ($679.28 million) – with no outstanding debt, the group has a positive outlook for 2026.
Estimates are for revenue to reach €1.55-1.58 billion ($1.8-1.83 billion) in 2026, with adjusted EBITDA to rise to €390-400 million ($452.86-464.47 million) for the full year.
Speaking of the results and forward outlook, Sportradar CEO Carsten Koerl highlighted that “These results underscore the durability of our growth strategy and our mission-critical role within the global sports ecosystem […] Given our financial performance, confidence in our long-term trajectory and robust balance sheet, we have accelerated share repurchases and significantly increased our total authorization. We remain committed to relentlessly creating value for our partners, clients, and shareholders, and we are excited about the opportunities in both the short and long term.”