Sportradar reports record Q1 results, eyeing further expansion

Sportradar has reported a robust start to 2025, posting record quarterly revenue and announcing major strategic moves to expand its global sports data and betting footprint.

For the first quarter ending March 31st, 2025, the company’s revenue climbed 17% year-over-year to €311m (~£261m), with profit for the period reaching €24m (~£20.1m), a notable improvement from a loss in the same period last year.

Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose 25% to €59m (~£49.6m), and the company’s adjusted EBITDA margin expanded to 18.9%. Net cash generated from operating activities jumped 52% to €102m (~£85.7m), reflecting strong operational efficiency.

Sportradar also achieved a customer net retention rate of 122%, demonstrating high client loyalty and continued demand for its services.

Business highlights for the quarter include the extension of Sportradar’s exclusive partnership with the MLB through 2032.

This deal secures Sportradar’s role in distributing ultra-low latency official MLB data, media, and audiovisual content across its global network, and will see the development of AI-driven fan experiences using player tracking data.

Another major move was the announced agreement to acquire IMG ARENA’s global sports betting rights portfolio, a transaction expected to close in late 2025.

This acquisition is set to further enhance Sportradar’s content and product offering, particularly in high-bet sports like tennis, soccer, and basketball.

Sportradar also expanded its Alpha Odds solution into cricket, a sport generating an estimated €80 billion (~£67.2 billion) in global betting turnover annually, and extended its integrity monitoring partnerships with both the Brazilian Football Confederation and the Brazilian Volleyball Confederation.

Beyond traditional sports, Sportradar is a significant player in the esports ecosystem. The company has provided data integrity and betting services for major publishers like Riot Games and Activision Blizzard, helping to safeguard competitions and support regulated esports betting.

Sportradar has also partnered with Oddin, a leading esports odds provider, to further strengthen its esports data and integrity offerings.

These collaborations position Sportradar as a key technology partner in the rapidly growing world of esports betting and integrity.

With record results, major new deals, and a growing presence in both traditional and digital sports, Sportradar continues to cement its status as a global leader in sports technology and betting services.