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Sunday, July 14, 2024

Sportradar Reports $634M Fiscal Year

  • Sportradar exceeded the company’s expectations in 2021.
  • The sports data aggregator generated $634.2 million in revenue.
Sportradar/Design: Alex Brooks

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.

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