Sportradar projects $350m in Q1 revenue
Quarterly profit could reach between $22m and $27m.
Key Points
- Sportradar’s projected quarterly revenue ranges between $350m and $354m
- The company will release its full report next month
Global sports technology company Sportradar Group AG has released its preliminary and unaudited Q1 financial results.
During the first quarter, the company has projected $350m to $354m in quarterly revenue.
Sportradar has estimated its profit for the period to reach between $22m and $27m during the first quarter.
Adjusted EBITDA could total between $63m and $66m, according to Sportradar’s preliminary report.
However, these numbers are subject to change, pending a full audit.
Sportradar said in a statement, “The company’s independent registered accounting firm has not reviewed or audited the preliminary financial information set forth in this press release.
“Prior to the release of the financial statements for and as of the period ended March 31, 2025, the company may identify items that would require it to make adjustments to the preliminary financial information, which may be material to the information presented above.”
Sportradar will release its full results on May 12. Along with the update, the company will hold a conference call following the release of its full report.
Good to know: The company was founded in 2001 and is based in Switzerland
Since its formation, Sportradar has expanded throughout the globe and gained a foothold in the US in 2015.
The company has since acquired exclusive distribution right with North American sports leagues, including the NFL, NHL and NASCAR.
Throughout the years, the company has grown its global presence and has formed partnerships with 450 bookmakers. Sportradar is currently partnered with Bet365, William Hill, Paddy Power and Ladbrokes.
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