Good morning. The game behind the game matters. Sportradar reported a $7 million loss despite revenue rising to $406 million in 1Q26, with FX movements offsetting operational gains, while maintaining its guidance. The firm continues to expect strong full-year performance, projecting adjusted EBITDA growth of 34 percent to 37 percent. Meanwhile, Moody’s shifted Macau’s outlook to stable, reflecting closer alignment with mainland China’s economic outlook and strong fiscal fundamentals. Looking to Australia, The Star narrowed losses to $720,000 as restructuring and cost discipline improved results.
What you need to know
- Sportradar reports 1Q26 loss despite 11 percent revenue growth as FX weighs, keeps outlook and expands $250 million buyback.
- Macau outlook raised to stable by Moody’s on improved China view and robust reserves driven by gaming and tourism sectors.
- The Star trims losses 96% to AU$1M on cost savings, amid lower revenue and continued pressure on Sydney operations.
On the radar
- Macau expects up to 220,000 daily visitor arrivals during Labor Day peak.
- Cambodian senator denies ties to fraud after US Treasury action.
- China’s lottery sales fall 3.1% in 1Q26 as sports betting weakens.
- UK lawmaker site cyberattack funnels traffic to Asian gambling platforms.
- Cross-border crackdown sees 52 detained in Myanmar scam/gambling bust.
AGB Intelligence
RESULTS
Sportradar logs 1Q26 loss on FX impact, maintains full-year guidance
Sportradar reported a $7 million net loss in 1Q26 despite revenue rising 11 percent year-on-year to $406 million, as foreign exchange losses offset operational gains. Adjusted EBITDA rose 12 percent to $77 million. The company reaffirmed full-year EBITDA guidance of $456 million to $468 million, representing over 30 percent year-on-year growth. Alongside this, the company launched an enhanced $250 million buyback program and addressed short-seller concerns.
Industry Updates
- Sportradar names ex-Entain executive Sameer Deen as new COO.
- Why crypto gaming rewards are becoming more player-friendly: BC.GAME.
- PAGCOR expands community support with new PTV donations.
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