SRADNasdaqServices-Computer Programming, Data Processing, Etc.US GAAP · USD

Sportradar Group AG

Sportradar Group AG is a Switzerland-based sports technology company that builds data, content, and software products for the sports media and betting ecosystem. Its platform covers live sports data collection, odds and betting services, media solutions, integrity monitoring, and related technology for leagues, federations, operators, and media companies across global sports markets.

Liikevaihto1 290milj. USD
+16,6 %v/v
Liikevoitto (EBIT)205milj. USD
+105,0 %v/v
EBIT-marginaali15,9%
+6,9 %-yks.v/v
Nettotulos100milj. USD
+193,8 %v/v
Vapaa kassavirta175milj. USD
+39,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

05001 0001 500milj. USD2022: 730 milj. USD2022: EBIT 58 milj. USD20222023: 878 milj. USD2023: EBIT 79 milj. USD20232024: 1 107 milj. USD2024: EBIT 100 milj. USD20242025: 1 290 milj. USD2025: EBIT 205 milj. USD20251 290205
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Sports betting technology45 %

Solutions for sportsbooks and iGaming operators, including data, odds, and trading-related tools.

Media and fan engagement20 %

Data-driven products and content tools used by media companies and consumer platforms.

Sports content and official data20 %

Licensed sports data, event feeds, and related content sourced from leagues and federations.

Integrity Services5 %

Monitoring and advisory services that detect suspicious betting and protect sporting integrity.

Prediction market and platform solutions10 %

Data and technology services for new betting-adjacent and market platforms.

Asiakkaat

Sportradar sells primarily to businesses and institutions rather than consumers, with licensed betting operators, B2B suppliers, and media companies forming the core customer base. It also serves sports federations and leagues that license official data and integrity-related services, as well as newer platform partners in adjacent prediction and wagering markets. These customers buy Sportradar’s products to improve trading, enrich fan experiences, distribute content, and monitor sporting integrity.

Sports betting operators

Licensed sportsbooks and iGaming companies buy live data, odds, and technology to run betting products and manage betting markets.

Media and technology companies

Media platforms and digital publishers buy sports data and content to power scoreboards, stories, and fan experiences.

Sports federations and leagues

Rights holders license official data, integrity tools, and digital products to monetize events and protect competition.

B2B suppliers and aggregators

Intermediary partners distribute Sportradar content and feeds to their own operator networks.

Prediction market platforms

Emerging partners use sports data and pricing-related services for event-driven markets.

Strategia

Sportradar’s strategy centers on expanding its data and technology platform across betting, media, and sports-rights customers while deepening relationships with global leagues and federations. It also emphasizes product breadth, integrity services, and distribution scale, which help embed the company into customer workflows and broaden the uses of its data assets.

Broaden platform adoption across customer typesKeskipitkä aikaväli

A wider product suite raises switching costs and increases revenue per customer.

Strengthen official rights and data partnershipsPitkä aikaväli

Exclusive or preferred access to sports content supports pricing power and differentiation.

Grow in regulated betting and adjacent marketsKeskipitkä aikaväli

The company’s products are most valuable where betting is licensed and data-rich.

Maantiede

Sportradar operates globally, with a footprint tied to major sports leagues, betting markets, and media customers across Europe, North America, and other international markets. The company is headquartered in St. Gallen, Switzerland, and its customer base is spread across jurisdictions where sports betting and sports media are licensed and regulated. Because its products depend on official rights, real-time data, and local betting regulation, geography is a key driver of both commercial access and compliance requirements.

Riskit

Sportradar’s business depends on sports rights, regulated betting activity, and reliable real-time data delivery, so changes in licensing or partner relationships can affect access and demand. The company is also exposed to customer concentration, competitive pressure in sports data, and operational risks tied to live-event accuracy, data quality, and compliance across jurisdictions.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Sports rights and data access risk1Regulatory and licensing risk2Live data quality and uptime risk3Foreign exchange risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Sports rights and data access riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The platform relies on licensed access to official sports data and event coverage.

    Kohdistuu: Official league and federation relationships

  2. Regulatory and licensing riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customers operate in licensed betting markets, so rule changes can reduce demand or limit distribution.

    Kohdistuu: Betting and iGaming customers

  3. Live data quality and uptime riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Sports products are time-sensitive and errors can damage customer trust and contract renewals.

    KohdistuuEvent feedsOdds productsIntegrity tools
  4. Foreign exchange riskVaikutus: KeskitasoTodennäköisyys: Korkea

    The company reports in euros but operates globally, creating translation and transaction exposure.

    Kohdistuu: International revenue and costs

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Different contracts may recognize revenue over time or when data is delivered, affecting quarterly trends.

Vaikutus: Can shift reported growth between periods

Capitalized software development

Internally developed software is capitalized and amortized, affecting EBITDA and later depreciation/amortization.

Vaikutus: Moves costs between operating expense and balance sheet

Sport rights license amortization

Rights-related assets are amortized over contract lives and can be impaired if economics deteriorate.

Vaikutus: Directly affects reported margins and asset values

Goodwill and intangible impairment

Acquisitions can create large intangible balances that depend on future cash flow assumptions.

Vaikutus: Can create non-cash charges if performance weakens

Foreign currency translation

Global operations create exchange-rate effects in reported results.

Vaikutus: Can add volatility below operating profit

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

Sportradar Group AG (Nasdaq) – Services-Computer Programming, Data Proc | Analyysi – Clarifo