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Stock impact report

Meet the Unstoppable Growth Stock That Got Paid $225 Million to Buy Another Company [Yahoo! Finance]

Sportradar Group AG (SRAD) 
Company Research Source: Yahoo! Finance
With numerous research firms expecting the global sports betting market to grow at a double-digit rate annually through 2030 and beyond, this high spending on ads makes perfect sense. However, it is expensive for these sportsbooks to not only place these ads but also "give away" free money up front to encourage bettors to join their platform instead of another. Long story short, it is a fiercely competitive space, and profit margins are thin (if there are any at all). Rather than trying to divine who will be the long-term winner among these sportsbooks -- and hoping they mature into profitable enterprises with time -- there may be a more straightforward way to gain exposure to the sports betting industry. Meet Sportradar (NASDAQ: SRAD) . Its technology platform provides mission-critical data and betting services to sportsbooks while also acting as a go-between for sports leagues looking to get their content out to media partners. Through these offerings, Sportsradar acts as a p Show less Read more
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