Sportradar has lowered its full-year 2026 financial outlook despite reporting strong second-quarter revenue growth. This is due to moderating U.S. market growth, foreign exchange headwinds, and higher operating costs.
The sports technology provider now expects adjusted EBITDA of €360 million to €368 million, down from its previous forecast of €390 million to €400 million. Furthermore, full-year revenue guidance has also been reduced to between €1.52 billion and €1.53 billion.
Second-Quarter Revenue Climbs 19%
Sportradar reported second-quarter revenue of €377.8 million, up 19% year-on-year, while adjusted EBITDA increased 19.5% to €76.3 million. The adjusted EBITDA margin remained stable at 20.2%.
Betting Technology & Solutions revenue rose 21.2%. This was driven by strong demand for betting content, sports data, and streaming rights following the acquisition of IMG ARENA. Moreover, Sports Content, Technology & Services also recorded growth, supported by Marketing & Media Services.
Higher Costs Impact Profitability
Despite revenue growth, Sportradar posted a net loss of €3.5 million. This compares with a €49.1 million profit in the same period last year.
The company attributed the decline primarily to foreign exchange losses and increased sports rights expenses after the IMG ARENA acquisition. Higher operating costs in Brazil and legal expenses related to expansion into adjacent markets also contributed.
Updated 2026 Guidance
Sportradar now expects constant-currency revenue growth of 19% to 21%, compared with its previous forecast of 23% to 25%. Adjusted EBITDA growth guidance has also been lowered to 24% to 27%.
CEO Carsten Koerl said strong demand for the company’s premium content, data, and technology solutions continued to drive growth. This includes increased monetization of the IMG ARENA rights portfolio.
