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Sportradar Group (SRAD) investor relations material
Sportradar Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Achieved record Q3 2025 revenue of €292 million, up 14% year-over-year, with Adjusted EBITDA rising 29% to €85 million and margin expanding to 29%.
Closed the acquisition of IMG ARENA, expanding presence in key betting sports and expected to be accretive to margins and free cash flow.
Increased share repurchase authorization by $100 million, totaling $300 million, with $85.8 million repurchased to date.
Strong operating performance driven by Managed Betting Services, Marketing, and Media Services, with U.S. revenue up 21%.
Customer Net Retention Rate reached 114%, reflecting strong client engagement and upselling.
Financial highlights
Q3 2025 revenue: €292 million (+14% YoY); Adjusted EBITDA: €85 million (+29% YoY); Free cash flow YTD: €149 million (+23% YoY).
Adjusted EBITDA margin reached 29.0%, up from 25.8% in Q3 2024.
Profit for the period was €22 million, down from €37 million last year due to lower unrealized FX gain.
Free cash flow conversion YTD at 72%.
Cash and cash equivalents at €360 million as of September 30, 2025; total liquidity at €580 million, with no debt outstanding.
Outlook and guidance
Raised full-year 2025 guidance: revenue of at least €1,290 million (17%+ growth) and Adjusted EBITDA of at least €290 million (30%+ growth).
Adjusted EBITDA margin expected to expand by ~240 basis points.
Free cash flow conversion rate projected above 2024 level (>53%).
Guidance reflects the impact of the IMG ARENA acquisition and anticipated FX fluctuations.
Anticipates 2026 revenue growth of 23%-25% (constant currency) and additional 250 basis points of margin expansion, driven by IMG ARENA integration.
Detail IMG ARENA acquisition's unique financial structure
Remaining capacity on share repurchase program?
How does FX impact profit vs. operating results?
What conditions enable Sportradar's prediction market entry?
Detail IMG Arena revenue synergy ramp-up in '26
Monetization of basketball AI foundation model
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Next Sportradar Group earnings date
Q4 202518 Mar, 2026
Next Sportradar Group earnings date
Q4 202518 Mar, 2026
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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.
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