Global sports technology company Sportradar has further raised its FY25 outlook after seeing solid growth across its business segments in 3Q25, despite a drop in profit.
According to results released on Wednesday, the group generated profit of €22 million ($25.28 million) during the quarter, down from €37 million ($42.52 million) in 3Q24.
Revenue was up by 14 percent yearly to €292 million ($335.54 million), with revenue from its Betting & Gaming Content segment up by 8 percent, to €176.47 million ($202.8 million).
The group noted that the segment’s results increased ‘due to both existing and new customer uptake of our content and products, as well as strong US market growth’.
Managed betting services revenue was up 19 percent, to €56.33 million ($64.73 million), contributing to a rise in Betting Technology & Solutions segment revenue of 11 percent yearly, to €232.8 million ($267.51 million).
Sports Content, Technology & Services brought in some €59.24 million ($69.08 million), up 31 percent yearly, with its strongest contributor being Marketing & Media Services, up by 33 percent yearly, to €43.95 million ($50.5 million) ‘due to increased spending from new and existing technology and media customers and contributions related to our expanded affiliate marketing capabilities’.
The group’s revenue continued to be concentrated outside of the United States, with Rest of World contributing €225.45 million ($259.1 million) – a yearly increase of 13 percent.
The US market saw strong growth, however, up 21 percent yearly, to €66.6 million ($76.53 million). The group increased its share of total company revenue from the US market to 23 percent, from 22 percent in the same quarter of last year.
Adjusted EBITDA group-wide rose by 29 percent year-on-year, to €85 million ($97.67 million), based on the revenue growth by ‘primarily offset by increased sport rights costs related to the continued success of the ATP partnership deal and our renewed partnership with Major League Baseball’.
Looking to the annual outlook, the group is projecting a 17 percent yearly rise in revenue, to ‘at least’ €1.29 billion ($1.48 billion), with adjusted EBITDA expected to rise 30 percent yearly, to €290 million ($333.24 million).
The 2025 guidance also reflects the group’s recent purchase of IMG ARENA, with the deal closing on November 1st. The company notes that ‘the closing of this transaction marks a milestone in Sportradar’s growth strategy, further strengthening and differentiating its position as a leading technology and content provider in the most bet upon global sports, including soccer, tennis and basketball.’
Speaking of the results, Sportradar CEO Carsten Koerl noted “Our continued momentum is driven by our premium content and product portfolio, and leading technology and AI, which is enabling us to consistently drive above market growth and deliver increasing value for our clients and partners”.
