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0.00178173719376388 0.00267260579064582 0.00178173719376388 -0.00356347438752792 -0.00111358574610254 -0.00846325167037867 -0.00668151447661479 -0.00668151447661479
Stock impact report

Why Sportradar Stock Rocketed Higher This Week [Yahoo! Finance]

Sportradar Group AG (SRAD) 
Company Research Source: Yahoo! Finance
Sportradar reported fourth-quarter earnings on Wednesday, wherein revenue and cash from operations grew by 26% and 36% in 2024. However, management also announced a unique acquisition that seemed to steal the show, and the market reacted optimistically. Sportradar is a pick-and-shovel provider of sorts to the massive sports betting industry . Primarily, the company serves sportsbooks with real-time data, odds, stats, and audiovisual overlays, enabling frictionless betting. Partnered with over 400 sports leagues, 800 betting operators, and 900 media companies, Sportradar covers 1 million matches annually across 70 different sports. The company's leading presence in sports betting should only continue to grow following its recent announcement of Sportradar's unique acquisition of IMG Arena from Endeavor . Not only will Sportradar obtain IMG Arena's portfolio of global sports betting rights, but it will also receive $225 million to acquire these assets. With Endeavor soon to b Show less Read more
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