Sportradar Reports 24% Revenue Growth in Third Quarter 2026
Switzerland.- 4 November 2026 | www.zonadeazar.com Sportradar Group AG (NASDAQ: SRAD) has announced its financial results for the third quarter of 2026, reporting €363 million in revenue, representing 24% year-on-year growth.
The company also generated €27 million in net profit and €102 million in Adjusted EBITDA, supported by expanding technology solutions, the integration of IMG ARENA sports rights and growing activity across prediction markets.
The results reflect stronger demand for official sports content, betting services and technology solutions among international operators.
Third-Quarter Revenue Reaches €363 Million
For the three months ended 30 September 2026, Sportradar reported revenue of €363 million, compared with €292 million a year earlier.
Key financial indicators included:
- Revenue: €363 million, up 24%.
- Net profit: €27 million, up 20%.
- Adjusted EBITDA: €102 million, up 21%.
- Adjusted EBITDA margin: 28.2%.
- Free cash flow: €73 million, up 12%.
Net cash generated from operating activities also increased by 37%, reaching €157 million.
Betting Technology Revenue Increases 27%
The Betting Technology & Solutions division generated revenue of €297 million, representing a 27% increase compared with the third quarter of 2025.
Within the division, Betting & Gaming Content revenue increased by 37%.
Growth was supported by the integration of IMG ARENA sports rights and increased adoption of Sportradar’s products among existing and new customers.
The company highlighted contributions from prediction market participants.
Meanwhile, Managed Betting Services revenue declined by 3%, primarily reflecting lower trading margins associated with unfavourable sporting results.
Prediction Markets Create New Growth Opportunities
One of the quarter’s most significant developments was Sportradar’s expansion in prediction markets.
The company extended its partnership with Polymarket, adding content covering more than 20 international sports leagues and competitions.
These include:
- Bundesliga.
- EuroLeague Basketball.
- Tennis Grand Slam tournaments.
The expanded agreement includes streaming rights and access to official sports data.
Sportradar also established additional relationships with prediction market brokers, market makers and other industry participants.
These developments are expanding its customer base and strengthening its position within an emerging market segment.
US Revenue Grows 47%
The United States was one of Sportradar’s strongest growth markets during the quarter.
Revenue generated in the country increased by 47% year-on-year.
The US contribution to total company revenue rose from 23% to 27%.
Revenue across the rest of the world increased by 17%.
The company attributed this growth to market expansion, stronger demand for premium sports content and increased adoption of its betting and prediction market solutions.
Carsten Koerl Highlights International Momentum
Carsten Koerl, Chief Executive Officer of Sportradar, welcomed the results and highlighted the company’s expanding activities.
Koerl stated that the quarter once again demonstrated Sportradar’s importance as a technology and content partner within the global sports ecosystem.
He also emphasised strong demand for official data and innovative technology solutions.
According to the CEO, the increasing presence of sport across different digital platforms is creating new opportunities for the company.
Sportradar will remain focused on innovation, operational execution and sustainable profitability.
EuroLeague Basketball Agreement Extended Until 2031
During the quarter, Sportradar also extended its international agreement with Euroleague Basketball for the distribution of official data and audiovisual betting rights until 2031.
The partnership covers more than 650 matches annually across the EuroLeague and BKT EuroCup competitions.
The extension strengthens Sportradar’s position as a provider of official sports information to betting operators and technology platforms.
It also creates further opportunities for distributing audiovisual content from international basketball competitions.
Atrium Sports Divestiture Valued at $170 Million
On 7 October, Sportradar announced an agreement to sell Atrium Sports, the coaching and scouting division of Synergy Sports, to Teamworks Innovations.
The transaction is valued at US$170 million.
Sportradar explained that the divestiture will allow the company to focus more closely on its core betting, gaming and sports media activities.
The transaction remains subject to customary closing conditions and is expected to be completed during the fourth quarter of 2026.
Sportradar Reaffirms Full-Year Guidance
Following the quarterly results, the company maintained its financial outlook for 2026.
Its projections include:
- Revenue: between €1.518 billion and €1.533 billion.
- Adjusted EBITDA: between €360 million and €368 million.
- Constant-currency revenue growth: between 19% and 21%.
- Constant-currency Adjusted EBITDA growth: between 24% and 27%.
Sportradar also expects its Adjusted EBITDA margin to increase by approximately 70 to 100 basis points.
The guidance does not yet incorporate the potential impact of the Atrium Sports divestiture.
Share Repurchases and Financial Position
During the third quarter, Sportradar repurchased US$157 million worth of shares.
As of 30 October 2026, total repurchases under the programme had reached US$519 million since its introduction.
The company’s authorised share repurchase programme totals US$1 billion.
Sportradar also reported total liquidity of €440 million at the end of the quarter, including available credit facilities.
The company confirmed that it had no outstanding debt.
Industry Impact and Next Steps
The results demonstrate Sportradar’s expansion as an international provider of sports data, betting technology and prediction market solutions.
The company will continue leveraging partnerships with sports organisations and operators to increase the distribution of official content.
With quarterly revenue of €363 million, 47% growth in the United States and expanded prediction market partnerships, Sportradar is strengthening its international growth strategy while maintaining its full-year 2026 guidance.
The next financial report will provide further insight into fourth-quarter performance and the contribution of new commercial partnerships.
Edited by: @fonta
