Sportradar revenue rises 24% as US and betting technology businesses grow

Sportradar has reported a 24 per cent increase in third-quarter revenue to €363m, supported by its betting technology business, the contribution from IMG ARENA and growing demand from prediction market customers. Revenue from Betting Technology & Solutions increased 27 per cent to €297m, while Sports Content, Technology & Services generated €66m, up 11 per cent.

US revenue rose 47 per cent and accounted for 27 per cent of group revenue, compared with 23 per cent a year earlier. Revenue from the rest of the world increased 17 per cent. Adjusted EBITDA rose 21 per cent to €102m, while profit for the period increased 20 per cent to €27m.

Sportradar also expanded its Polymarket partnership to cover more than 20 leagues and competitions. Its exclusive global distribution agreement for Euroleague Basketball’s official data and audiovisual betting rights was extended through 2031.