Sportradar has kicked off 2025 with a strong first quarter, reporting a 17% year-on-year revenue increase to €311 million ($345.4 million) for the period ending 31 March. The surge was fueled by consistent growth across multiple divisions and key markets.
Strong Performance Across Business Segments
The Betting Technology & Solutions segment led the way with €250 million in revenue—up 14% from Q1 2024. Within that, Betting & Gaming Content generated €193.8 million (a 13% rise), while Managed Betting Services contributed €56.2 million (up 16%).
Meanwhile, Sports Content, Technology & Services stood out with the highest growth rate—posting a 33% year-on-year jump to €61.2 million. That includes:
- €46.6 million from Marketing & Media Services (up 36%)
- €11.4 million from Sports Performance (up 23%)
- €3.19 million from Integrity Services (up 33%)
Geographic Highlights
Regionally, the Rest of World segment brought in €225.1 million, up 12% from the previous year. The US market continued its strong trajectory with a 31% increase, totaling €86.1 million in revenue.
Profit Rebound and Higher Margins
One of the quarter’s most notable improvements was Sportradar’s net profit of €24.3 million—compared to a €649,000 loss in Q1 2024. The company credited the turnaround to a more efficient cost structure, despite higher share-based compensation and amortisation of sports rights licenses.
Adjusted EBITDA rose by 25% to €59 million, supported by continued innovation and expansion in the product lineup.
Retention and Expansion Boost Outlook
Sportradar also achieved a customer net retention rate of 122% during the quarter—indicating high client satisfaction and recurring business.
To further strengthen its portfolio, Sportradar extended its long-term partnership with Major League Baseball (MLB) and signed new deals with Brazil’s Football and Volleyball Confederations (CBF and CBV). It also announced plans to acquire IMG Arena’s global sports betting rights portfolio, marking a significant strategic move.
Outlook for 2025 Remains Positive
CEO Carsten Koerl expressed confidence in the company’s direction, stating:
“We had a strong start to the year with record revenue, expanded margins, and healthy cash flow. The momentum from last year is clearly carrying forward. Our latest partnerships and acquisitions underscore our leadership in the global sports data and betting landscape.”
Looking ahead, Sportradar reaffirmed its 2025 guidance of €1.27 billion in total revenue and €281 million in adjusted EBITDA.
Koerl added: “We’re excited about the value our growing portfolio will deliver to customers and shareholders alike.”
