Sportradar Posts Record 29% Margin as US Revenue Soars 21% in Q3

The company reported a 29% increase in Adjusted EBITDA to €85 million, with the Adjusted EBITDA margin hitting a record high of 29.0%. This strong financial flow also resulted in €65 million in Free Cash Flow. Profit for the period was €22 million, representing 7.7% of revenue.

CEO Carsten Koerl stated the results reflect sustained operating performance and the durability of the company’s growth strategy. The momentum is linked to Sportradar’s premium content, product portfolio, and advanced technology. Based on this continued success, the company raised its full-year 2025 financial guidance, now expecting at least 17% revenue growth and at least 30% Adjusted EBITDA growth.

Segment Performance and North American Dominance

The United States market was a key driver of growth, with US revenue increasing 21% year-over-year to €66.602 million. US revenue now represents 23% of the company’s total revenue, up from 22% in the prior year period. This growth stems from expanding market demand and client interest in Sportradar’s premium content and solutions. The company currently secures three of the four largest US sports (MLB, NBA, and NHL), which cover about 70% of the Gross Gaming Revenue (GGR) for those major sports.

Segment-wise, Sports Content, Technology & Services revenue grew significantly by 31% year-over-year to €59 million. Revenue in the Betting Technology & Solutions segment also grew by 11%. Strong customer retention was reported, with the Customer Net Retention Rate at 114%.

Strategic Acquisitions and AI Innovation

Sportradar solidified its market position through strategic moves. The company completed the acquisition of IMG ARENA shortly after the quarter closed, a move Koerl stated will bolster the competitive position, rights offering, and product suite. The acquisition adds content rights across 14 sports from over 70 global rights holders, strengthening the firm’s offering in high-volume sports like soccer, tennis, and basketball.

In product development, Sportradar launched its proprietary Sports Foundation AI Model for basketball. This is the first generative foundational AI model in the sports world, trained on billions of 3D data points from thousands of NBA games. It provides an advanced understanding of player movement and decision-making.

The company also introduced Bettor Sense, an AI-powered responsible gaming solution, which has already launched with partners like Underdog in the US and BETesporte in Brazil. Furthermore, the board increased its existing share repurchase program by $100 million, bringing the total authorized buyback to $300 million.