Sportradar reports 24% revenue growth in third quarter
Sportradar's Q3 revenue climbed to €363m as US operations surged and the firm agreed to divest Atrium Sports for $170m.
Sportradar has reported revenue of €363m for the third quarter of 2026, up 24% year-on-year from €296m, according to SBC News.
The data and technology supplier's home market of the United States drove much of that growth, with US revenue jumping 47% year-on-year from €67m to €98m.
Profit rose 20% to €27m, while adjusted EBITDA increased 21% year-on-year from €85m to €102m, SBC News reported.
Chief executive Carsten Koerl said the company had delivered "another strong quarter of double-digit growth, once again demonstrating the value of our role as a key technology and content partner to the global sports ecosystem."
Koerl attributed the performance to "strong demand for our premium content portfolio, deep data and innovative technology solutions, including further monetisation of the acquired IMG ARENA rights and significant contributions from across the prediction markets landscape."
Revenue from the Rest of the World segment grew 17% year-on-year to €265m, accounting for 73% of total company revenue.
Sportradar's Betting Technology & Solutions division expanded 27% year-on-year to €297m, a rise SBC News linked to the continued integration and monetisation of the IMG ARENA sports rights acquired by the group.
Shortly after the quarter closed, Sportradar agreed to sell Atrium Sports for $170m, a divestment expected to complete before the end of the year.
Koerl pointed to broader fan engagement with sport, alongside growth in the prediction markets sector, as key drivers behind the company's expansion.
The Nasdaq-listed firm has maintained its full-year guidance, forecasting constant currency revenue growth of between 19% and 21%, equivalent to €1.518bn to €1.533bn.
Sportradar also reiterated its target for adjusted EBITDA growth of 24% to 27%, putting the figure in a range of €360m to €368m for the year.
At 1:00pm GMT on the day of the results, Sportradar shares had risen 5.67% to $13.60 in pre-market trading, per SBC News.
Koerl said fans were engaging with sport "across more platforms than ever before, expanding our addressable market and increasing demand for our products and solutions," adding that the company remained "focused on innovation and execution to drive additional value for our partners and clients and deliver durable growth and expanding profitability for our shareholders."