NASDAQ$SRAD
Sportradar Group AG · Q4 2025 earnings
Q4 2025 earnings · · Investor relations
Briefing
Sportradar Q4 2025 Earnings Report
Sportradar delivered a strong fourth quarter with 20% revenue growth and significant Adjusted EBITDA margin expansion. The company completed the strategic acquisition of IMG ARENA and announced a major expansion of its share repurchase program to $1 billion, reflecting confidence in its long-term growth and cash generation capabilities.
- Q4 revenue increased 20% year-over-year to €369 million, driven by strong performance in Betting Technology & Solutions.
- Adjusted EBITDA for the quarter grew 48% to €89 million, with margins expanding 451 basis points to 24.2%.
- Completed the acquisition of IMG ARENA in November 2025, adding over 70 rights holders and significantly expanding the global sports betting rights portfolio.
- The Board authorized a massive increase in the share repurchase plan, bringing the total authorization to $1 billion.
- Achieved a full-year Customer Net Retention Rate of 109%, demonstrating successful cross-selling and up-selling.
Headline financials
Revenue & EPS history
Sportradar · Revenue · Quarterly
$434M
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 expects strong growth in 2026, targeting revenue between €1,557 million and €1,582 million and further Adjusted EBITDA margin expansion.
Tailwinds
- Expected revenue growth of 23% to 25% on a constant currency basis.
- Adjusted EBITDA growth targeted at 34% to 37% on a constant currency basis.
- Anticipated Adjusted EBITDA margin expansion of 200 to 225 basis points.
- Free cash flow conversion rate expected to exceed 56%.
- Integration of IMG ARENA expected to be accretive to margins and cash flow.
Headwinds
- Foreign currency movements, particularly the U.S. dollar, continue to be a headwind.
- Increased sport rights costs related to ATP and MLB partnerships.
- Higher personnel expenses to support growth initiatives.
- Potential impact from unrealized currency fluctuations on U.S. dollar-denominated rights.
- Uncertainty from global economic conditions and evolving betting regulations.
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 Q4 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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