search menu
  • Home
  • keyboard_arrow_right Sportsradar


May 11, 2023 1

share close


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 platforms such as Snapchat, TikTok, and Facebook, recognizing the demand for data and products in the market.

Rate it
Previous post

Subscribe Newsletter