Sportradar exceeded its own expectations in 2021, according to the sports data firm’s latest earnings report.
The sports data aggregator generated $634.2 million in revenue in FY2021, a 39% increase year-over-year, driven by growth across all business segments. Those results surpassed the company’s annual revenue outlook for 2021, which was between $617 million and $619 million.
The company expects FY2022 revenue to range between $742 million and $780 million.
Sportradar continues to diversify its portfolio of clients in 2022.
- In January, it secured an integrity support deal with the Canadian Hockey League.
- Athletes Unlimited hired the company in February to protect its competitions.
- The same month, it announced an agreement with the USFL.
- Earlier this month, it struck a partnership with Bowl Season to advise on sports betting.
Sportradar also reported $172.2 million in revenue in Q4 2021, a 41% increase compared to the same period the year prior. The Switzerland-based company saw its revenue in the U.S. reach $26.2 million during the quarter, a 92% uptick compared to Q4 2020.
Quite the Journey
Sportradar went public in September 2021 after raising $513 million through an IPO, giving the company a valuation of just under $8 billion. The company originally planned to go public last March via a merger with Horizon Acquisition Corp., a SPAC backed by Los Angeles Dodgers co-owner Todd Boehly.