Sportradar reports $95m in Q1 US revenue
The CEO said the year is ‘off to a strong start.’
Key Points
- Overall revenue grew by 17% year-over-year in the first quarter
- US revenue totaled $95m in Q1
Sportradar has published its financial and business results for the first quarter of 2025.
Its US revenue reached more than $95m in the first quarter. Overall company revenue totaled nearly $396m in Q1, reflecting a growth rate of 17% when compared to the total posted one year ago.
Adjusted EBITDA rose by 25% year-over-year and reached $65.6m. The company’s adjusted EBITDA margin in the first quarter reached 18.9%.
Sportradar reached its customer retention goal and reported its customer net retention rate has reached 122%.
Company CEO Carsten Koerl described Q1’s results as a good beginning to the year.
He further commented, “We had a strong start to the year with record quarterly revenue as we delivered broad-based growth across our leading product suite and diverse global footprint, while expanding margins and cash flow.
“The continued momentum we are generating builds upon our success from last year, demonstrating the durability of our business and our mission critical role in the expanding sports ecosystem.”
Koerl also discussed Sportradar’s continuing partnership with Major League Baseball. The company expanded its agreement with MLB until 2032.
He said in closing, “During the quarter we also further bolstered our leading content portfolio with the extension and expansion of our partnership with Major League Baseball and we signed an agreement to acquire IMG Arena’s sports betting rights portfolio.
“We are excited by the unique opportunities these valuable properties will provide to our customers and look forward to generating additional value for our shareholders in 2025 and beyond.”
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
