Sportradar Reports Third Quarter 2024 Financial Results and Further Raises Full Year 2024 Outlook
Sportradar Group AG (SRAD)
Company Research
Source: GlobeNewswire
Third Quarter 2024 Highlights Revenue increased 27% to €255 millionProfit for the period increased €33 million to €37 million and expanded to 14.5% as a percentage of revenueAdjusted EBITDA1 increased 30% to €66 million and Adjusted EBITDA margin1 expanded to 25.8%Net cash generated from operating activities increased 55% to €118 million and Free cash flow1 increased 192% to €62 millionCustomer Net Retention Rate1 increased to 126%Repurchased $8.3 million of sharesFurther raised full year guidance to revenue growth of at least 24% to €1,090 million and Adjusted EBITDA growth of at least 29% to €216 million ST. GALLEN, Switzerland, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced financial results for its third quarter ended September 30, 2024. Carsten Koerl, Chief Executive Officer of Sportradar, sai
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SRAD
News
- Philadelphia Eagles CB Cooper DeJean becomes first player to score Super Bowl TD on his birthday [CBS News]CBS News
- Sportradar, MLB announce long-term extension of partnership [Yahoo! Finance]Yahoo! Finance
- Major League Baseball and Sportradar Announce Expanded, Exclusive Partnership Through 2032GlobeNewswire
- Sportradar Group AG (NASDAQ: SRAD) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $19.00 price target on the stock.MarketBeat
- Cramer's Lightning Round: Sportradar is ‘speculative, but I like it' [CNBC]CNBC
SRAD
Earnings
- 11/7/24 - Beat
SRAD
Sec Filings
- 2/14/25 - Form 6-K
- 2/7/25 - Form 6-K
- SRAD's page on the SEC website