Sportradar’s growth expectations outlined during Investor Day
The supplier highlighted expected revenue growth of 15% CAGR by 2027.
Key points:
– Sportradar has outlined a number of growth objectives as part of its Investor Day
– The supplier highlighted an expected CAGR of 15% in revenue to €1.7bn by 2027
– A 27% CAGR in adjusted EBITDA to €455m was also outlined
In the wake of the supplier’s Investor Day meeting, Sportradar’s senior leadership team has underlined a number of growth objectives and priorities – highlighting an expected compound annual growth rate (CAGR) of 15% to €1.7bn ($1.84bn) by 2027.
Indeed, Sportradar’s CEO, Carsten Koerl, CFO, Craig Felenstein, alongside additional members of the company’s senior leadership team, provided a deep dive into the organisation’s long-term growth objectives. As part of this presentation, an array of financial goals were primarily outlined, including an adjusted EBITDA of €455m by 2027 and a revenue of at least €1.7bn in the same timeframe – representing a CAGR of 27% and 15%, respectively.
Further, Sportradar has also set out the objective of increasing free cash flow conversion by 60%, as well as increasing its free cash flow to €275m, by 2027.
Financial objectives aside, a range of speakers also drew focus on the key elements of Sportradar’s growth strategy – as well as its competitive advantages. Throughout the day, it was highlighted that Sportradar is currently at a key turning point of expansion, in which the company has positioned itself as an industry leader – and must now continue its push for sustainable revenue growth while enhancing its margins. Also alluded to was the fact that the organisation is profiting from strong market growth, spurred on by the increasingly intertwined nature of the sports, betting and media industries.
Sportradar officials went on to acknowledge that the supplier is positioned to potentially outpace industry growth but will continue to explore additional opportunities in adjoining markets to the sports betting technology market. Finally, an enhanced focus was also drawn on the pivotal importance of AI technologies from both a company and broader industry perspective.
Carsten Koerl, Sportradar CEO, commented, saying: “Sportradar is uniquely positioned at the center of the sports ecosystem. With our leading scale, unparalleled global distribution network and history of innovation we are confident in our ability to continue our strong momentum and deliver tremendous value for our clients, partners and shareholders.”
Good to know: Last month, Sportradar announced FY24 revenue of €1.11bn – whilst also revealing its acquisition of IMG Arena from Endeavour Group
Also in March, the supplier was – alongside Genius Sports – sued by Panda Interactive for alleged antitrust violations. This latest complaint alleges that the two companies exercise exclusive control over official sports data to force sportsbooks into restrictive agreements and builds on a previous patent infringement suit filed against the pair by Panda Interactive in 2023.
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