Global sports technology company Sportradar is expecting to report net profits above €20 million ($23.5 million) in the first quarter of this year.
In its preliminary unaudited results, Sportradar reported revenues of approximately €307 million to €311 million ($354.8 million to $358.5 million), an increase from the €265.9 million ($288 million) reported last year. The company considers this is the result of ‘successful strategies and expanding market presence’.
The profit for the period is estimated to be between €20 million and €24 million ($23.5 million to $28.2 million), an improvement from the €0.6 million ($0.65 million) in losses registered in the same period last year.
Sportradar considered in its announcement that this increase underscores the company’s effective cost management and operational efficiency.
The group also recorded an adjusted EBITDA of approximately €56 million to €58 million ($65.8 million to $67.9 million), stating that the figure demonstrates its ‘strong operational performance’ and its ability to generate substantial earnings before interest, taxes, depreciation, and amortization.
The company plans to release its full financial and operational results for 1Q25 on May 12th, 2025.
