SPORTRADAR’S REVENUES EXCEED ESTIMATES | www.sportindustry.biz

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Sportradar reported revenue of €561.2m (£472m) for 2021, a 39% year-on-year increase for the sports data and solutions company.

Switzerland-based Sportradar, which provides sports data and play-by-play tallies for the betting industry, attributed the increase to strong growth across all business segments as its share price rose. more than 13% on the Nasdaq at the end of trading on March 30. .

Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for the full year rose 33% year-on-year to €102m (£85m), beating initial projections of the society.

Profit for 2021 was €12.8m (£10.8m), down from €14.8m (£12.5m) a year earlier.

In the fourth quarter, Sportradar’s revenue rose 41% year-on-year to €152.4m (£128m). US revenue jumped 92% to €23.2m (£19.3m).

Sportradar Managing Director Carsten Koerl said: “Our strong results demonstrate the value we bring to our partners and customers around the world. We are the world’s largest sports intelligence provider and the only large-scale, cost-effective global sports technology platform. Critically, we believe we are also most innovative in developing technology solutions that enable our league customers, media and betting partners to use our ever-growing data to attract and engage fans of sport.

Sportradar, backed by Michael Jordan, which went public last year, also announced a multi-year partnership with the National Basketball Association in the fourth quarter. The company now serves as the exclusive provider of NBA data worldwide.

Sportradar expect revenues for the year 2022 to be between £570m and £602m. Analysts expect growth of £558m or 21.4% for the year to December 2022.

Image: Shutterstock

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