Sportradar Group AG

Latest Results (18.05.2026):

Sportradar Group AG — reporting on its fourth quarter 2025 (Q4 2025) and full year 2025 results — delivered record full-year revenue and margin expansion, stronger cash generation, and completed a strategic acquisition while materially increasing shareholder returns via an expanded buyback program. The company posted €1,290m revenue for the full year (+17%), €297m Adjusted EBITDA (+33%, 23.0% margin), profit of €100m, and €167m free cash flow, and reported Q4 2025 revenue of €369m (+20%), Adjusted EBITDA of €89m (+48%, 24.2% margin) and profit of €4m.

Top-line performance (Q4 2025 & Full Year 2025)

Q4 2025 revenue was €368.9m (+20% YoY). Full-year 2025 revenue was €1,290.0m, up 17% YoY, driven by Betting Technology & Solutions (+15% FY) and Sports Content, Technology & Services (+22% FY). U.S. revenue was a growing share (25% of FY revenue).

Profitability and margins

Adjusted EBITDA was €89.4m in Q4 2025 (24.2% margin, +451 bps YoY) and €296.8m for full-year 2025 (23.0% margin, +291 bps YoY). Reported profit was €4.4m in Q4 and €100.3m for the year, aided by favorable foreign currency movements versus the prior year.

Cash generation and balance sheet

Net cash from operating activities was €88.4m in Q4 and €403.0m for FY 2025. Free cash flow was €17.7m in Q4 and a record €167.2m for the year. Cash and cash equivalents were €365.3m at year-end and total liquidity (including undrawn credit) was €585m; the company stated no debt outstanding.

Share repurchases and capital allocation

Sportradar repurchased $91m of shares in 2025 (including $25m in Q4) and the Board expanded the authorized repurchase program to $1.0bn (from $300m). As of Feb 27, 2026, the company had repurchased $171m (9.2m shares) under the program.

Strategic M&A — IMG ARENA

Sportradar completed the acquisition of IMG ARENA on Nov 1, 2025, adding a global sports betting rights portfolio. The transaction structure involved $225m of total consideration (cash prepayments by seller to rightsholders and payments to Sportradar over two years) and is expected to be accretive to Adjusted EBITDA margins and free cash flow conversion.

Operational metric & business momentum

Customer Net Retention Rate was 109% (excluding IMG), indicating strong cross-sell/upsell. Key commercial wins include an MLB extension, expanded DAZN partnership, and new broadcast/data integrations with NBCUniversal and NBC Sports RSNs.

2026 guidance

For fiscal 2026 Sportradar targets constant-currency revenue growth of 23–25% (translated to €1,557–€1,582m at current FX), Adjusted EBITDA growth of 34–37% (guidance €390–€400m at current FX), margin expansion of ~200–225 bps, and Free cash flow conversion expected to exceed the 2025 level (~56%).