NYSE$DAC

Danaos Corp · Q2 2025 earnings

Q2 2025 earnings · · After market close · 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

Total Revenue

€318M

Previous: €246M+29.0%
EPS (adj)

€0.15

Previous: €6.78-97.8%
Adjusted EBITDA

€63.6M

No prior period
Customer net retention rate

117.0%

No prior period
Adjusted EBITDA margin

20.1%

No prior period
Free Cash Flow

€52M

No prior period
Net Income

€49.1M

Previous: €141M-65.2%
Cash & Equivalents

€312M

No prior period

Revenue & EPS history

Danaos · Revenue · Quarterly

€318M

Q2 2025+29%vs Q2 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

Danaos · €847B total across 3 segments · Q1 2026

  • Electricity distribution and sales
    €847B
  • Container vessels
    €230M
  • Drybulk vessels
    €24.1M

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 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+1.8%

Avg return

Earnings day

+3.1%

Avg return

5 days after

-1.6%

Avg return

30 days after

59%

38 / 64 earnings

Positive

+31.7%

Q2 2020

Best reaction

-13.8%

Q1 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%-1.1%-0.9%
Q4 2025+1.9%+4.9%+5.8%
Q3 2025+1.0%-1.9%-1.6%
Q2 2025+0.8%+2.5%+1.7%
Q4 2024+4.0%+3.7%-2.7%
Q3 2024+6.1%+5.7%-2.7%
Q2 2024-1.7%-2.0%-3.6%
Q1 2024+1.0%+6.8%+2.2%
Q4 2023-4.6%-5.8%-7.9%
Q3 2023+6.4%+7.7%+6.8%
Q2 2023+2.6%+2.1%-5.2%
Q1 2023+9.0%+9.0%+15.3%
Q4 2022-3.8%+0.0%-10.0%
Q3 2022-3.1%+1.6%-14.7%
Q2 2022+4.3%+3.9%-5.3%
Q1 2022-1.1%+2.3%-10.9%
Q4 2021+0.9%+3.4%-2.5%
Q3 2021+6.8%+4.4%+2.1%
Q2 2021+2.7%+5.7%+29.2%
Q1 2021-13.8%-11.3%+3.2%
Q4 2020+6.6%+5.5%+32.7%
Q3 2020+5.2%+32.6%+57.8%
Q2 2020+31.7%+34.0%+34.0%
Q1 2020+8.4%+8.4%+11.0%
Q4 2019+5.2%+14.9%-24.0%
Q3 2019+15.3%+5.3%-36.9%
Q2 2019-5.8%-8.4%-8.5%
Q1 2019+0.7%+26.4%-4.1%
Q4 2018+3.2%+7.2%+9.6%
Q3 2018+5.7%+2.8%-18.9%
Q2 2018+0.0%-22.6%-30.3%
Q1 2018+0.0%-15.4%-31.2%
Q4 2017+3.8%+3.8%-2.3%
Q3 2017+6.7%+0.0%+0.0%
Q2 2017+2.5%-10.0%-17.5%
Q1 2017+12.0%+4.0%+32.0%
Q4 2016-1.9%-3.8%-32.1%
Q3 2016+0.0%-5.2%-8.6%
Q2 2016+0.7%+1.2%-24.4%
Q1 2016-3.7%
Q4 2015+3.0%
Q3 2015-1.8%
Q2 2015+1.8%
Q1 2015-1.2%
Q4 2014-3.9%
Q3 2014+12.1%
Q2 2014-1.2%
Q1 2014+3.4%
Q4 2013+4.0%
Q3 2013+6.7%
Q2 2013-6.7%
Q1 2013+6.3%
Q4 2012+5.2%
Q3 2012+2.3%
Q2 2012-1.5%
Q1 2012-3.8%
Q4 2011+3.7%
Q3 2011-11.1%
Q2 2011-3.4%
Q1 2011-9.5%
Q4 2010-0.5%
Q3 2010-1.7%
Q2 2010-1.7%
Q1 2009+2.8%

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