NASDAQ$SRAD
Sportradar Group AG · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Sportradar hits record €318M Q2 revenue and raises 2025 outlook on 14% growth and expanding margins
Sportradar reported record second quarter 2025 revenue of €317.8 million, up 14% year over year, driven by 12% growth in Betting Technology & Solutions and 22% growth in Sports Content, Technology & Services. Profit for the period was €49.1 million versus a €1.5 million loss a year ago, benefiting from strong operating results and a €53.8 million foreign currency gain. Adjusted EBITDA rose 31% to €63.6 million with a 20.1% margin, and customer net retention rate was 117%. U.S. revenue grew 30% to €88.0 million. The company raised its full-year 2025 outlook to at least €1,278 million in revenue and at least €284 million in adjusted EBITDA, and repurchased $65.5 million of shares in the quarter.
- Record Q2 revenue of €317.8 million, up 14%, with adjusted EBITDA up 31% to €63.6 million and margin expanding to 20.1%
- Profit for the period was €49.1 million compared with a €1.5 million loss in Q2 2024; basic Class A diluted EPS was €0.15
- U.S. revenue grew 30% to €88.0 million, now 28% of total revenue; customer net retention rate was 117%
- Raised FY2025 outlook to at least €1,278 million revenue (+16%) and at least €284 million adjusted EBITDA (+28%)
- Free cash flow was €52 million in Q2 and €84 million in H1; $65.5 million of shares repurchased in the quarter
Headline financials
Revenue & EPS history
Sportradar · Revenue · Quarterly
€318M
Revenue by segment
Sportradar · €318M total across 2 segments · Q2 2025
- Betting Technology & Solutions€259M—81.4%
- Sports Content, Technology & Services€59M—18.6%
Forward guidance
Sportradar raised fiscal 2025 guidance to at least €1,278 million revenue (16% growth), at least €284 million adjusted EBITDA (28% growth), at least 210 bps adjusted EBITDA margin expansion, and free cash flow conversion above the 2024 level of 53%. Guidance excludes the pending IMG ARENA acquisition.
Tailwinds
- Record quarterly revenue with 31% adjusted EBITDA growth and strong U.S. momentum
- Customer net retention rate of 117% demonstrates cross-sell and upsell strength
Headwinds
- Higher sport rights costs from ATP and MLB partnerships pressured margins
- Guidance excludes pending IMG ARENA acquisition impact
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2025
+2.2%
Avg return
Earnings day
+1.1%
Avg return
5 days after
-1.0%
Avg return
30 days after
50%
9 / 18 earnings
Positive
+25.4%
Q3 2024
Best reaction
-11.4%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -9.7% | -5.3% | -13.4% | |
| Q3 2025 | -8.6% | -11.2% | -12.2% | |
| Q2 2025 | -5.7% | -6.5% | +4.6% | |
| Q1 2025 | +0.4% | +3.9% | +6.5% | |
| Q4 2024 | +13.5% | +14.5% | +19.3% | |
| Q3 2024 | +25.4% | +33.5% | +39.8% | |
| Q2 2024 | -3.6% | -2.0% | +2.8% | |
| Q1 2024 | +11.6% | +15.2% | +14.1% | |
| Q4 2023 | +13.6% | +11.4% | -4.3% | |
| Q3 2023 | +5.0% | +5.7% | +15.6% | |
| Q2 2023 | -11.4% | -12.0% | -20.7% | |
| Q1 2023 | -10.3% | -9.3% | -5.7% | |
| Q4 2022 | -11.2% | -14.1% | -1.2% | |
| Q3 2022 | +18.2% | +10.8% | -0.9% | |
| Q2 2022 | +8.9% | -2.9% | -12.1% | |
| Q1 2022 | -7.9% | -11.0% | -17.6% | |
| Q4 2021 | +13.0% | +7.6% | -14.8% | |
| Q3 2021 | -2.3% | -7.9% | -18.2% | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — |
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