Sportradar Reports 24% Revenue Growth in Q3 2026 Driven by Betting and Gaming Services
Sportradar Group AG (SRAD) delivered strong third-quarter results for 2026, reporting revenue of €363 million, a 24% increase year-over-year. This growth was primarily fueled by the betting technology and solutions segment, which saw a 27% rise in revenue due to high demand for streaming and engagement products. The company also highlighted significant expansion in the US market, where revenue grew by 47%. Despite strong top-line performance and an adjusted EBITDA increase of 21%, management noted certain headwinds. These include potential regulatory uncertainty in Brazil affecting approximately $60 million in annual revenue and a projected negative cash conversion for the fourth quarter due to the timing of rights payments. To streamline operations, Sportradar divested its noncore Atrium Sports business to Teamworks Innovations for $170 million.
Tickers: $SRAD
Topics: betting technology divestiture EBITDA free cash flow revenue growth