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Sportradar Breaks Milestone With Q3 Revenue Report

November 17, 2022 1


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Sportradar Breaks Milestone With Q3 Revenue Report

Sportradar Group has just unveiled their Q3 revenue and the company has posted a new milestone in becoming profitable for the first time in its U.S. operations. The report shows Sportradar made great strides, boosting revenue to $31 million which is a 61% increase when compared to the prior years Q3. Sportradar has said that they attribute much of their growth to, “strong market growth and positive adoption of in-play betting.” The adjusted EBITDA also jumped up 11% for Q3. A quote from Sportradar’s Chief Financial Officer states, “The financial results in the third quarter demonstrated that Sportradar consistently has managed to grow almost three times faster than the underlying betting market and our growing scale has led to margin expansion – as indicated by the US segment turning profitable in the third quarter.”

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