Sportradar, a sports data and technology company, has reported positive results in Q1, with managed betting services and live odds offerings experiencing year-on-year revenue growth of 40% and 29% respectively. The company’s total revenue rose by 24% to €208 million, while adjusted EBITDA increased by 37% to €37 million. The US segment saw significant growth, with a 55% year-on-year revenue increase to €40 million. Sportradar’s CEO, Carsten Koerl, highlighted the company’s investment in artificial intelligence (AI) and its Computer Vision project, stating that the industry is undergoing a transformation process as digital systems replace human data collection. The use of AI allows for deeper insights into sports and the creation of new value-added products. Koerl also mentioned that Sportradar is expanding its advertising business to […]

According to Matt King, the CEO of Fanatics Betting & Gaming, the company has developed a challenger sportsbook from scratch. King believes that while consumer technology has disrupted many sectors, it has yet to make a significant impact on sports betting. Fanatics aims to build a digital sports platform that caters to all fans, leveraging its unique position in the market. The company is focusing on creating a product that consumers will love rather than solely pursuing market share. Fanatics plans to integrate its sports-betting platform with its existing rewards system, FanCash, and believes it has a significant advantage with its large consumer database and strong brand equity. Initially, Fanatics will launch in one or two states, taking advantage of more cost-effective market access deals […]