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.