Sportradar Surges to 366th in Daily Rankings with $256 Million Turnover

On April 24, 2025, Sportradar Group (SRAD) experienced a significant increase in trading volume, with a turnover of $256 million, marking a 100.26% rise from the previous day. This surge placed Sportradar at the 366th position in the daily stock market rankings. However, the stock price declined by 4.30%, marking the second consecutive day of losses, with a total decrease of 11.66% over the past two days.

Sportradar recently announced the pricing of a secondary public offering of 23 million Class A ordinary shares by selling shareholders. Concurrently, the company agreed to repurchase 3 million Class A ordinary shares from the underwriters. This strategic move is part of Sportradar's ongoing efforts to manage its shareholder base and optimize its capital structure.

In addition to the secondary offering, Sportradar has outlined its growth strategy and financial outlook at an investor day event. The company aims to grow its revenue at a 15% compound annual growth rate (CAGR) through 2027, while expanding its Adjusted EBITDA margin and free cash flow conversion by 700 basis points. This ambitious plan underscores Sportradar's commitment to driving long-term value for its shareholders.

Sportradar's recent financial performance has been robust, with full-year 2024 revenue increasing by 26% to €1.107 billion. The company reported a profit of €34 million, in line with the previous year, and an Adjusted EBITDA of €222 million, representing a 33% increase. The Adjusted EBITDA margin expanded to 20.1%, and net cash from operating activities rose by 36% to €353 million. These strong financial results reflect Sportradar's successful execution of its business strategy.

Sportradar has also announced an agreement to acquire IMG Arena and its strategic portfolio of global sports betting rights. This acquisition is expected to strengthen the company's global offering for popular sports such as tennis, soccer, and basketball. The deal is anticipated to accelerate revenue, Adjusted EBITDA, and free cash flow growth, while being accretive to Adjusted EBITDA margins. This strategic move positions Sportradar to capitalize on the growing sports betting market and enhance its competitive position.

In February 2025, Sportradar and Major League Baseball (MLB) announced an expanded, exclusive partnership through 2032. This long-term extension and expansion of their decade-long partnership aims to unlock the full potential of MLB's data and content, further solidifying Sportradar's leadership in the sports technology industry. The partnership is expected to drive innovation and create new opportunities for both companies.