Adjusted EBITDA for the period climbed 14% to €21.4m, with an Adjusted EBITDA margin of 14%. US revenue for Q4 2021 increased by 92% to €23.2m.
For full-year 2021, revenue increased by 39% to €561.2m, “driven by strong growth across all business segments.” This figure exceeded the top end of the group’s 2021 annual outlook range of €553-€555m. Adjusted EBITDA for the period increased by 33% to €102m, with a margin of 18%.
Sportradar highlighted that annual revenue has surpassed €500m for the first time in the group’s history, while it projects solid annual revenue growth of 18% to 25% in fiscal 2022.
The group also noted its extended multiyear partnerships with the National Hockey League, National Basketball Association, International Tennis Federation, and Bundesliga International. It also highlighted the new deals secured with the International Cricket Council and the Union of European Football Associations.
“I am very pleased with our strong results, which illustrate how well we are delivering on our operational and growth plans,” said Sportradar CEO Carsten Koerl. “Importantly, we have good momentum going into our next fiscal year. We are continuing to invest in content, technology and people that will allow us to deliver profitable growth in line with our goals.
“We are particularly pleased about more than doubling our year-over-year revenues in the United States, which continues its explosive sports betting growth story.
“Sportradar has been a leader in this market since 2014, and we’re now seeing the results of our early investment. We continue to see the enormous opportunity as sports betting becomes an increasingly integral part of the media entertainment fabric in the US.”
