Sportradar Group has published its financial results for the third quarter of the year, reporting double-digit revenue growth. The company attributed its stable financials to its strong performance in the key US market.

The Company’s Metrics Increased

In its report, Sportradar outlined Q3 revenue of EUR 293 million ($338 million), up 14% year-on-year. This was due to 11% growth in Betting Technology & Solutions (EUR 232.8 million ($268.6 million)), and 31% growth in Sports Content, Technology & Services (EUR 59.2 million ($68.3 million)).

The US segment saw its revenue increase to EUR 66.6 million ($76.8 million), up 21% YOY. The Rest of World segment, on the other hand, experienced an increase of 13% to EUR 225.5 million ($260.1 million). Sportradar clarified that the US revenue represented 23% of its total revenue for Q3, highlighting the importance of this key market.

Sportradar also reported a profit of EUR 22 million ($25.4 million), which marked a significant year-on-year decrease from EUR 37 million in the prior-year period. The company attributed this to increased sports rights costs related to the continued success of the ATP partnership deal and the renewed partnership with Major League Baseball. Higher adjusted purchased services, driven by growth in Marketing and Media Services revenue, also played a role in the decrease in profit.

Adjusted EBITDA, on the other hand, reached EUR 85 million ($98.1 million), up 29% YOY. This figure was driven by the overall increase in revenue and partially offset by the aforementioned costs.

Sportradar also reported a Q3 customer net retention rate of 114%, demonstrating US growth, as well as its ability to cross-sell and upsell to its clients.

Sportradar ended Q3 with EUR 360 million ($415.3 million) in cash and cash equivalents. YTD free cash flow stood at EUR 149 million ($171.9 million), up from EUR 122 million in the prior-year period. When accounting for an undrawn credit facility, Sportradar’s total liquidity stood at EUR 580 million ($669.1 million) with no outstanding debt.

Sportradar Updated Its Guidance

As a result of the Q3 tailwinds, Sportradar updated its guidance for the year, saying that it now expects revenue of at least EUR 1.29 billion ($1.5 billion) and adjusted EBITDA of at least EUR 290 million ($334.6 million). These figures would represent increases of 17% and 30% from 2024, respectively.

The company noted that the updated guidance reflects the recent acquisition of IMG ARENA, which was a major accomplishment for the business.

In addition to that, Sportradar unveiled a new share buyback initiative. Approved by the company board, the new buyback will see the company repurchase up to $300 million ($346.1 million) of its own stock.

A Busy Quarter for the Company

Additional business highlights included a new partnership with DAZN, a renewed agreement with the Spanish Football Federation, and extended partnerships with Google and Yahoo.

In addition, Sportradar highlighted the development of the Performance View product and the introduction of Bettor Sense in Brazil.

In addition to that, Sportradar secured the 2025 American Gambling Awards Data Service Provider of the Year award for the second year in a row.

Carsten Koerl, Sportradar’s CEO, commented on the results, praising the “strong topline growth” and saying that the results reflect the company’s strong operating performance and robust growth strategy. He added that the momentum is driven by the company’s premium portfolio, leading tech, and AI investments.