Sportradar reports record Q2 revenue of €318m, up 14%

Key points:  

– Sportradar has posted year-on-year revenue rises of 14% and 16% for Q2 & H1, respectively 

– Profits were turned over during both time periods compared to the losses recorded in 2024 

– US operations saw notable upswings in revenue year-on-year for the supplier 

Supplier Sportradar has unveiled its full Q2 2025 financial results, highlighting a year-on-year increase in revenue of 14% to total €318m ($367.3m) for the period – with profits and adjusted EBITDA also experiencing growth.  

It was increases across the board for Sportradar during the second quarter of 2025 – with the reported figure of €318m representing the company’s highest-ever quarterly revenue. Elsewhere, H1 revenue has risen by 12% with operating profits and adjusted EBITDA also subject to respective upswings across both Q2 and H1. 

Now, in the wake of these results, Sportradar has specified that is has officially raised its financial outlook for the remainder of the calendar year – with revenue now expected to reach a minimum of €1.28bn, paired with an adjusted EBITDA of €284m, 28% higher than in FY 2024.  

Q2 2025 

Of the overall revenue figure reported by Sportradar, the US market accounted for approximately €87.97m, up by 30% in comparison to results from the year prior. The remaining €229.8m was generated by the supplier’s global operations, reflective of a 9% rise year-on-year. 

By product, revenue was primarily driven by Sportradar’s betting technology and solutions division, which accounted for €258.8m of the wider Q2 figure, up 12%. Revenue from this department, specifically, can be broken down into €199.6m in revenue from betting and gaming content, up 10% from Q2 2024, trailed by managed betting services revenue – which also grew by 21% to €59.2m.  

Elsewhere, net income improved from a loss of €293,000 last year to a positive €61.5m figure during Q2 2025, with profits also rising from negative €1.5m last year to positive €49.1m this year. Adjusted EBITDA rose by 26.6% year-on-year to total €63.8m during the second quarter of 2025 – paired with a margin of 20.1%.  

H1 2025 

Over the course of the full first half of the year, Sportradar’s revenue rose by 16% year-on-year to total €629m – €508.8m of which was generated by the betting technology and services department, €393.4m of which game from betting and gaming content – up 12%.  

In the US, revenue grew by a healthy 31% year-on-year during H1 2025, reaching €174.1m, with the remaining €454.95m coming from rest of the world operations.  

Net income during H1 rose by a notable 133.8% compared to the second half of 2024, settling at €90.8m during this year’s first half. Elsewhere, profits recovered from a €2.2m loss last H1 to a positive figure of €73.4m this year. Regarding adjusted EBITDA, figures from the first half of the year display an upswing of 24.5% to €122.8m.  

The year’s highlights  

During Q2, the quarter began with Sportradar expanding its Alpha Odds solution into the cricket sector, granting 400 in-play and 200 pre-match betting options to its operator partners.  

Following on from this in May, the supplier signed an official data-sharing and integrity agreement with Brazil’s Ministry of Sports. More recently, the company announced a new partnership with Dazn for the FIFA Club World Cup 2025. 

Good to know: In Q1, Sportradar announced its acquisition of IMG Arena – a deal which is now being reviewed by the UK Competition and Markets Authority 

CEO comments 

Speaking on these latest results, Sportradar CEO, Carsten Koerl, said: “Our second quarter results, including record quarterly revenue, expanding operating margins and significant cash flow reflect our sustained operating momentum and execution against our growth strategy. Our industry leading scale, including our premium content and product portfolio and leading technology and AI, is driving customer uptake and above market growth.  

“The inherent leverage in our business, combined with our focus on efficiencies, is driving sustainable margin expansion and cash flow generation. Looking ahead, given our momentum we are raising our full year expectations and anticipate the acquisition of IMG Arena will further expand our capabilities, creating even greater value for our clients, partners and shareholders.”