Craig Felenstein has been confirmed as the latest addition to Sportradar’s C-level leadership team, taking on the role of Chief Financial Officer (CFO). Due to commence his tenure on 1 June, Felenstein will take the leadership role across Sportradar’s global finance, accounting and investor relations teams. He will be charged with leveraging his 30-year experience in finance, including tenures at …
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Sportradar hails US profitability as €1bn revenue target is set for 2024
Sportradar AG has achieved all commercial and operating objectives of a ‘dynamic 2023’ as the Nasdaq sports technology group sets the target of surpassing €1bn in corporate revenues in 2024. Publishing its full-year 2023 accounts, Sportradar lauds its third consecutive year of double-digit growth as corporate revenues stand at €878m, 20% above FY2022 results of €730m. Double-digit growth in headline …
Read More »Sportradar unveils internal shifts to drive sustainability goals
Sportradar Group AG has introduced the next set of changes to its internal structure as part of a strategic development plan. The goal is to build a business that is better suited to meet the needs of clients, partners, drive product innovation, and reach sustainability goals that allow for long-term growth, profitability and shareholder value. A total of six business …
Read More »Sportradar extends safeguarding duties against match-fixing with AFC renewal
Switzerland-based data provider Sportradar has announced an extension to its sports integrity partnership with the Asian Football Confederation (AFC). Sportradar will continue to supply the AFC with integrity services, such as bet monitoring, for at least until 2027, taking the partnership which was first conceived in 2013 to 14 years in total. AFC President, Shaikh Salman, said: “For the past …
Read More »Sportradar launches next-gen of tennis betting with TDI
Sportradar has partnered with Tennis Data Innovations (TDI) to access global data and streaming rights for betting, and media data rights, for all ATP Tour and ATP Challenger Tour events. The new deal with TDI – a joint venture vehicle of ATP and ATP Media – will focus on driving commercial growth for the sport and enhancing fan engagement opportunities …
Read More »Sportradar expects strong end to 2023 citing Q3 performance
Sportradar AG has updated its financial guidance for 2023 following continued momentum during Q3 which saw revenue growth across its core geographic and business segments. The Swiss-based sportstech group reported overall quarterly revenue of €201m, an increase of 12% on 2022 comparatives of €178m, whilst EBITDA also rose 38% to €50.5m (€36.5m), with an increased margin of 25% up from …
Read More »Sportradar joins Taiwan Sports Lottery consortium for 10-year contract
Sportradar has extended its reach in the Asian betting space via a long-term involvement with the Taiwan Sports Lottery (TSL) following a tender process. The Swiss-sportstech group is one of three firms to form the consortium that will manage the TSL from 2024 to 2033, serving as the betting technology provider after being awarded the third sports lottery licence along …
Read More »Sportradar sales growth impacted by rude FX effects
Continuation of a strong performance in the US and activation of several prominent sports partnerships drove continued revenue growth for Sportradar in Q2, but the group’s profit has taken a hit. The Swiss sportstech closed the first six months of the year with revenue of €424m, a 19% increase on corresponding 2022 results of €345m. Although profit fell by 77% …
Read More »Sportradar to support CONMEBOL tournaments after betting data bid success
Sportradar has been named the successful bidder for exclusive global audio and video (AV) and betting data rights to the South American Football Confederation (CONMEBOL). The sports technology company will now enhance the accessibility and engagement of South American football for a broader global audience. In detail, the rights encompass the major regional club tournaments organised by CONMEBOL, including the …
Read More »Sportradar Q1 results show revenue growth and investment for the future
Sports technology firm Sportradar has posted a buoyant set of Q1 results for 2023, delivering growth in revenue and adjusted EBITDA during a trading period that saw further big investments in AI and CV. Total Q1 profit, however, was lower at €6.8m compared with €8.2m year-on-year. Speaking to SBC News, CEO Carsten Koerl said that the company had “delivered again” …
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