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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Sportradar Group
Sportradar Group (SRAD) investor relations material
Sportradar Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary3 Nov, 2026
Executive summary
Q3 revenue rose 24% YoY to €362.5M; Adjusted EBITDA increased 21% to €102.2M, with a 28.2% margin.
Nine-month free cash flow reached €176.6M, up 18% YoY, with 72% conversion.
Growth reflected client uptake, IMG content monetization and expanding prediction-market demand; the Atrium Sports sale and share repurchases advanced capital priorities.
Financial highlights
Q3 revenue was €362.5M versus €292.1M; Adjusted EBITDA was €102.2M versus €84.6M, with margin at 28.2% versus 29.0%.
Profit for the period was €27.0M versus €22.5M; reported profit margin was 7.5% versus 7.7%.
Nine-month revenue was €1,086.8M, up 18%; Adjusted EBITDA was €244M, up 18%, with a 22.5% margin.
Q3 net cash from operating activities increased 37% to €157M; free cash flow rose 12% to €73M.
Nine-month free cash flow was €176.6M versus €149.5M; conversion was 72%, unchanged YoY.
Outlook and guidance
FY2026 revenue guidance remains 19%–21% growth at constant currency, or €1,518M–€1,533M including currency impact.
FY2026 Adjusted EBITDA guidance remains 24%–27% growth at constant currency, or €360M–€368M including currency impact; reported margin expansion of 70–100 bps is expected.
FY2026 free cash flow conversion is expected to exceed 56%, excluding non-routine litigation costs; guidance excludes the Atrium Sports divestiture pending closing.
Adjusted EBITDA margin expansion is anticipated in Q4 and FY2026; Q4 free cash flow conversion is expected to be negative, mainly due to timing of sports-rights payments and prediction-market cash flows.
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Latest events from Sportradar Group
- Revenue up 19% to €378M, margin at 20.2%, with strong cash flow and share buybacks.SRAD
Q2 2026 - Revenue up 11% to €347M, EBITDA up 12%, and €250M share buyback announced.SRADQ1 2026
- 2026 outlook targets strong revenue growth, margin expansion, and innovation in iGaming and prediction markets.SRADThe 38th Annual Roth Conference
- Record 2025 results, IMG ARENA acquisition, and expanded buyback drive strong 2026 outlook.SRADQ4 2025
- Record Q2 revenue, margin expansion, and raised 2025 outlook highlight strong growth momentum.SRADQ2 2025
- Strong revenue growth, stable margins, and major upside from in-play betting and sports rights leverage.SRADCanaccord Genuity 44th Annual Growth Conference & Private Company Showcase 2024
- Record Q2 revenue, raised outlook, and expanded UEFA partnership highlight strong growth.SRADQ2 2024
- Record revenue, profit, and margin growth driven by strong U.S. and global performance.SRADQ1 2025
- 15% revenue CAGR and 27% margin by 2027, driven by AI, global reach, and product innovation.SRADInvestor Day 2025
Next Sportradar Group earnings date
Q4 20262 Mar, 2027
Sportradar Group
Next Sportradar Group earnings date
Q4 20262 Mar, 2027
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Frequently asked questions
Sportradar Group AG offers data analytics, technology, and content solutions to the sports, media, and betting industries. The company provides real-time sports data, odds solutions, and integrity services to leagues, bookmakers, and broadcasters worldwide. Its platform supports digital engagement and betting operations. The company is headquartered in St. Gallen, Switzerland, and its shares are listed on the NASDAQ.