Tuesday September 26, 2023
The Best Employers in Sports Survey is Now Open!

Sportradar Revenue Jumps 31%, Posts $175M Quarter

  • U.S. revenue reached $32.6 million in Q3 2022, a 61% increase year-over-year.
  • Its Rest of World betting segment posted $104 million in revenue, up 28% compared to Q3 2021.
Sport Radar booth at event
Sportradar
Front Office Sports Today

Writer’s Strike End a Boon for Sports Networks, Agencies

We delve into the potential long-term impact of the five-month strike.
Listen Now
September 26, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

Sportradar continues to grow as sports embrace more technology and data. 

The sports data aggregator generated $175.2 million in revenue in Q3 2022, a 31% increase year-over-year. Net income reached $15 million during the quarter, compared to $6.2 million for the same period last year.

  • U.S. revenue reached $32.6 million in Q3 2022, a 61% increase year-over-year.
  • Its Rest of World betting segment posted $104 million in revenue, up 28% compared to Q3 2021.

Sportradar went public in September 2021 after raising more than $670 million in its initial public offering, which valued the company at $7.98 billion

It previously planned to go public via a merger with Horizon Acquisition Corp. — a blank-check company backed by Los Angeles Dodgers and Chelsea FC co-owner Todd Boehly

The merger dissolved after the SEC issued guidance that some investments made by blank-check companies should be classified as an asset or liability, not equity. 

Growth Through Diversity

Sportradar has spurred growth through a diverse portfolio of clients. 

“Sportradar follows a clear value proposition, so we know where we have to deliver results,” CEO Carsten Koerl told Front Office Sports.

In October, Sportradar secured a deal with Flutter Entertainment’s FanDuel to supply its sportsbook platform with official NBA data and supplementary betting services through the 2030-31 season. It also extended its original data agreement with FanDuel from 2021.

Earlier this month, Sportradar landed a multiyear deal with Baseball Australia to broadcast Australian Baseball League games on new livestreaming service OnDemand.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

NFL's Swift Mania Starting To Show Impact Through Merch Sales, Viewership

Taylor Swift stole the NFL's spotlight by attending Sunday's Chiefs game.
A view of a Manchester United badge on the corner flag.

Ratcliffe Reworking Bid To Buy Manchester United

It is still unclear whether the Glazers will sell the club.

Sounders Eye Leaving Lumen Field For Soccer-Specific Stadium

MLS club considers further development at forthcoming training complex

NFL's Next International Goal: Games in Spain, Brazil

A league executive says the games could take place in 2024.
podcast thumbnail mobile
Front Office Sports Today

Writer’s Strike End a Boon for Sports Networks, Agencies

0:00
0:00

Featured Today

First Take vs. FS1

Sharpe: 'First Take' Would Still Beat 'Undisputed' Without Stephen A.

Even if Smith leaves, Sharpe said he will still beat Skip Bayless in the ratings.
Rob-Manfred-MLB
September 25, 2023

Oakland-MLB Relationship Devolves Into Next-Level Toxicity

Commissioner, mayor have very different accounts of July meeting
Jacksonville Jaguars Team President Mark Lamping addressed community members at Strings Sports Brewery on Main Street for the first of 14 planned town hall sessions to present the team's plans for the new "stadium of the future" complex and address the public concerns.
September 25, 2023

Jacksonville Jaguars President Walks Back Stadium ‘Threat’

"Viewing those comments as a threat to leave Jacksonville isn't correct."
Chatri Sityodtong
September 25, 2023

ONE Championship's Quest To Challenge Rival UFC Through U.S. Expansion

Leveraging its Amazon deal, ONE Championship seeks to expand in U.S.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
June 30, 2023

Nike To Revive Kobe Signature Shoe Line

Late HOFer will again be the center of a signature shoe line.
At Dick's Sporting Goods in Fairless Hills, Store Administrative Assistant Christine Vandfermay, of Philadelphia, restocks some Philadelphia Eagles items.
May 23, 2023

Dick’s Sporting Goods Sees Modest Growth, Less Foot Traffic

Dick's Sporting Goods saw a 5.3% increase in net sales in Q1.
Hellen Obiri of Kenya crosses the finish line to win the women's division at the 2023 Boston Marathon.
May 16, 2023

On Wants More Star Power, Visibility for Next Growth Phase

On is looking to grow through tennis and other verticals.
Topgolf
May 11, 2023

Topgolf Callaway Lowers Sales Expectations

Callaway cut its profit forecast for this year.
Endeavor
May 10, 2023

Endeavor Posts Record Quarter Amid UFC-WWE Merger Plans

Endeavor bought WWE in April, it also sold its IMG for $1.25B.
Barstool Sportsbook is owned by Penn Entertainment.
May 5, 2023

Penn Clashes With Barstool After Firing, Earnings Miss

Penn Entertainment's earnings missed and the company clashed with Barstool.
A view of the outside of Adidas' flagship store in Shanghai.
May 5, 2023

Adidas Beats Revenue Expectations Despite Costly Yeezy Struggles

CEO admits that the loss of Yeezy is “of course hurting us.”