Sportradar reports $634.2m in total revenue for FY2021
The CEO said the company has good momentum moving into the next fiscal year.
Sportradar has published both its Q4 and 2021 full-year financial reports. The company reported strong growth for both periods.
Fourth quarter overall revenue reached $172.2m, climbing 41% from the prior period. The company marked a bigger spike in US revenue, increasing by 92% from the previous year’s fourth quarter to reach $26.2m.
Adjusted EBITDA during Q4 rose by 14% and reached $24.2m compared to 2020’s fourth quarter, while the adjusted EBITDA margin was 14%.
The company also reported increases for the 2021 fiscal year. It brought in a total revenue of $634.2m, which reflected a 39% rise year-over-year and surpassed the high end of the company’s projected revenue range for 2021.
Adjusted EBITDA rose by 33% from last year and reached $115.3m. The adjusted EBITDA margin was 18% for the year.
Sportradar CEO Carsten Koerl said: “I am very pleased with our strong results, which illustrate how well we are delivering on our operational and growth plans. Importantly, we have good momentum going into our next fiscal year.
“We are continuing to invest in content, technology and people that will allow us to deliver profitable growth in line with our goals.”
Koerl also noted the company’s US success and said it has been a key factor in overall growth.
“We are particularly pleased about more than doubling our year-over-year revenues in the United States, which continues its explosive sports betting growth story. Sportradar has been a leader in this market since 2014, and we’re now seeing the results of our early investment.
“We continue to see the enormous opportunity as sports betting becomes an increasingly integral part of the media entertainment fabric in the US.”
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