Sportradar Posts Record $311M Revenue in Q1
Sportradar kicked off 2025 with a record $311 million in Q1 revenue, up 17%, driven by strong U.S. growth.
A Big Quarter for Sportradar
Sportradar, a global sports tech leader, smashed Q1 2025 expectations with $311 million in revenue, a 17% jump from $265.9 million in Q1 2024
Profit soared to $24 million, a stark turnaround from a $649,000 loss last year, boosted by a $28 million foreign exchange gain. Adjusted EBITDA climbed 25% to $59 million, with an 18.9% margin, while free cash flow hit $32 million, up $32 million.
The U.S. market, up 31% to $86.1 million, drove 28% of total revenue.
U.S. and Global Growth Breakdown
The U.S. market was a standout, contributing $86.1 million, a 31% surge from $65.6 million in Q1 2024. Betting Technology & Solutions grew 14% to $250 million, with Managed Betting Services up 16%.
Sports Content, Technology & Services soared 33% to $61.2 million, led by a 36% rise in Marketing & Media Services. Globally, Rest of World revenue rose 12% to $225.1 million.
A 122% Customer Net Retention Rate highlighted Sportradar’s cross-selling strength.
Sportradar inked major deals in Q1, including an eight-year MLB partnership extension starting 2025, making it the exclusive distributor of low-latency data and AI-driven products.
The company also agreed to acquire IMG ARENA’s betting rights portfolio, set to close in Q4 2025, enhancing its content offerings. New partnerships with Brazil’s Volleyball and Football Confederations bolstered integrity monitoring, covering over 8,200 matches. Alpha Odds, an AI-based odds tool, expanded to cricket.
CEO’s Take and Financial Outlook
CEO Carsten Koerl said, “We had a strong start to the year with record quarterly revenue as we delivered broad-based growth across our leading product suite and diverse global footprint, while expanding margins and cash flow.”
He added, “During the quarter, we also further bolstered our leading content portfolio with the extension and expansion of our partnership with Major League Baseball, and we signed an agreement to acquire IMG ARENA’s sports betting rights portfolio.”
Sportradar reaffirmed its 2025 guidance, projecting at least $1.27 billion in revenue (15% growth) and $281 million in adjusted EBITDA (26% growth), excluding IMG ARENA’s impact.
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