GlobeNewswire·Apr 28, 2026, 7:00 AM ET

Sportradar Reports First Quarter 2026 Financial Results and Announces $250 Million Enhanced Open Market Share Repurchase Program

SRAD

Sportradar reported Q1 2026 revenue of €347 million, an 11% increase year-over-year driven primarily by 15% growth in Betting Technology & Solutions.
The company recorded a net loss of €6 million for the period, or 1.8% of revenue, as strong operating results were offset by €9 million in unrealized foreign currency losses.
Adjusted EBITDA rose 12% to €66 million, with the Adjusted EBITDA margin expanding to 19.0%.
Net cash from operating activities reached €109 million, while free cash flow increased 38% to €44 million.
Customer Net Retention Rate was achieved at 108%, excluding contributions from IMG.
The company repurchased $90 million of shares during the quarter & announced a new $250 million enhanced open market share repurchase program.
Sameer Deen was appointed as Chief Operating Officer to join the leadership team on May 18, 2026.
Revenue by segment showed 20% growth in Betting & Gaming Content & 81% growth in Integrity Services, partially offset by declines in Marketing & Media Services & Managed Betting Services.
Geographic revenue growth included a 14% increase in the Rest of World & a 4% increase in the United States, which accounted for 26% of total revenue.
The company launched Playradar, an iGaming brand for hybrid sports-casino content, & expanded partnerships with Hard Rock Bet, FIFA, & the Liga Nacional de Basquete.
Sportradar reiterated its 2026 full-year outlook, expecting constant currency revenue growth of 23% to 25% & Adjusted EBITDA growth of 34% to 37%.
Total liquidity stood at €542 million as of March 31, 2026, with no debt outstanding & cash & cash equivalents of €322 million.