• Loading stock data...
Friday, May 9, 2025
Join us May 14 at 1 p.m. ET for Future of Sports: Leagues of Their Own Register Now

Sportradar Hits $180M in Q2, Eyes Growth in U.S. and Metaverse

  • Sportradar took in $180 million in the second quarter.
  • The company saw the largest percentage growth in the U.S. among its segments.
Sportradar
Sportradar

Sportradar banked a strong second quarter as it looks to the U.S. and immersive technologies for future growth.

The sports data and technology giant saw revenue rise 23% year-over-year to $180.2 million.

  • U.S. revenue leapt 66% to $29.6 million, but the company still took a $5.6 million loss in the country.
  • Sportradar’s gambling-related revenue in the rest of the world remained its core revenue driver, growing 21% year-over-year to $95.5 million.

“The U.S. is getting more and more important,” said Sportradar CEO Carsten Koerl. “We don’t see the growth slowing down.” Koerl added that the company’s U.S. losses have been steadily shrinking as the sports betting market grows.

“I think it’s very obvious that this is a scalability exercise,” he said.

Koerl noted that U.S. sports fans have a “deep understanding of how data is consumed,” which he noticed regularly when he lived in New York.

“I would walk to Times Square, and I saw so much data for baseball or football. We don’t have that in Europe.

Going Meta

It may take until the second half of this decade, but Koerl sees metaverse and VR technologies eventually being integral to the sport-consuming experience and Sportradar’s business.

“I think sports and betting is perfect for virtual reality and the metaverse,” he said. “All the big producers of gaming consoles are very interested.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

FanDuel Misses Projections As Betting Favorites Dominate 

FanDuel is hit by customer-friendly betting outcomes during March Madness.

Sovereignty Wins Kentucky Derby, $3.1M Purse

The total purse was raised to $5 million last year.
United States District Court, District of New Jersey. Federal Courthouse in Newark. on Thursday Feb. 11, 2021. Newark Federal Courthouse

Kalshi Gains More Legal Momentum With Early New Jersey Win

Kalshi has begun racking up early legal victories as it defends its sports event contracts.
Apr 22, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) shoots the ball over Minnesota Timberwolves forward Julius Randle (30) during the third quarter of game two of first round for the 2024 NBA Playoffs at Crypto.com Arena.

Kalshi’s Offensive Blitz Continues With Suit Against Maryland

Kalshi previously sued regulators in Nevada and New Jersey.

Featured Today

Fat Perez reacts after hitting his shot on the 16th tee during the WHOOP Shot at Glory on the 16th hole at TPC in Scottsdale on Feb. 5, 2025.

Golf Influencers Are the New Currency for PGA Tour and LIV

YouTube golf is big business. The rival tours are staging formal events.
Feb 8, 2025; New York, New York, USA; New York Knicks assistant coach Rick Brunson talks with New York Knicks guard Jalen Brunson (11), forward Mikal Bridges (25), and guard Josh Hart (3) during a timeout in the third quarter against the Boston Celtics at Madison Square Garden.
May 6, 2025

Before the Villanova Knicks, There Were the Kentucky Celtics

Three decades ago, Boston tried its own version of the college-teammate experiment.
Mar 22, 2025; Miami, FL, USA; Joao Fonseca (BRZ) reacts after winning a point against Ugo Humbert (FRA)(not pictured) on day five of the Miami Open at Hard Rock Stadium.
May 6, 2025

João Fonseca Is a Teen Tennis Phenom. His Parents Are Overseeing His..

The Brazilian is forgoing a management team in favor of his parents.
Athlos
May 4, 2025

Nike Wants to Pull Off the First Women’s Sub-4:00 Mile

Experts speak on whether Nike’s “moonshot” is realistic or a gimmick.
The sun rises behind the New York skyline seen from the Jersey City waterfront on Thursday morning Dec. 10, 2020.

N.Y. Sports Betting Faces Major Limits Under New Proposal

Newly proposed legislation would impose daily betting caps and limit advertising.
April 14, 2025

Bank Says Sports Betting Could Weather Tariff Storm

Lower tax revenues could encourage more states to legalize sports betting.
April 16, 2025

Sports Prediction Markets Still Face Legal Roadblocks

The Wire Act and tribal sovereignty could be the next legal battlegrounds.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Portfolio Players is our bi-weekly spotlight on the athletes and investors reshaping the business of sports. This week, venture capitalist Kai Cunningham unpacks why athletes land top deals and how the usual investing rules don’t always apply.
Sports gambling reached an all-time high in 2022.
April 9, 2025

Kalshi Gears Up for Legal Fight With States

Maryland followed at least five other states that have sent cease-and-desist letters.
Potawatomi Sports Book patrons the University of Wisconsin men play UCLA on Friday, March 14, 2025. The venue is open for the first time during March Madness and is expecting to be busy over the next few weeks in Milwaukee.
April 8, 2025

Kalshi Notches Legal Win in Fight With Nevada

Kalshi can keep offering its sports event contracts in Nevada—for now.
Potawatomi Sportsbook patrons watch the University of Wisconsin men play UCLA on Friday, March 14, 2025. The venue is open for the first time during March Madness and is expecting to be busy over the next few weeks in Milwaukee.
April 4, 2025

All Signs Point to Trump Admin OK’ing Kalshi’s Sports Contracts

The federal government appears ready to approve Kalshi’s sports event contracts.
April 3, 2025

Baltimore Sues DraftKings, FanDuel Over ‘Exploiting’ Gambling Addicts

The suit cites steps the companies took in the U.K.