Sportradar reported a substantial 24% increase in revenue for the third quarter of 2026, reaching €362.5 million. This growth was largely driven by advancements in its Betting Technology & Solutions division, which saw revenue rise by 27% to €296.7 million. The company's adjusted EBITDA climbed 21% to €102 million, and net profit surged by 43%.
CEO Carsten Koerl emphasized the strong performance, stating, "We delivered another strong quarter of double-digit growth, once again demonstrating the value of our role as a key technology and content partner to the global sports ecosystem." He highlighted growing demand for their premium content portfolio, data solutions, and the monetization of acquired IMG ARENA rights, along with contributions from the prediction markets sector.
In detail, the betting and gaming content segment's revenue reached €242 million, marking a 37% year-over-year growth, aided by the acquisition of IMG ARENA in November 2025. Sportradar has seen increased service demand from a wide range of clients, including prediction market operators.
However, the Managed Betting Services division reported a 3% decline, bringing in €54.7 million, as the volume of bets placed did not offset lower trading margins related to significant sports losses.
Conversely, revenue from Sports Content, Technology and Services increased to €65.8 million, an 11% rise, while marketing and media services generated €50.7 million, up 15% due to new client acquisitions and increased affiliate marketing spending.
Integrity services achieved a revenue increase to €4.8 million (16%), while revenue from sports performance declined by 8%, totaling €10.3 million. Sportradar's expenses rose as a result of a 54% increase in sports media rights costs, yet profits continued to grow. Profit before tax rose 14% to €33.1 million, with after-tax profit at €6.1 million, leading to a total profit for the period of €27 million, a 20% increase from last year. Considering currency translation adjustments, the overall net profit reached €28.2 million, a 43% rise.
For the first nine months of the year, Sportradar’s revenue reached €1.09 billion—an 18% increase—while adjusted EBITDA hit €244.5 million, up 20%. Despite rising expenses and a dip in financial income contributions compared to the previous year, the pre-tax profit fell 80% to €24.4 million, with a profit for the period down 82% to €17.2 million. After currency translation adjustments, the nine-month net profit totaled €19.2 million, lower by €57.2 million compared to the prior year.
Koerl remarked, "Fans are engaging with sports across more platforms than ever before, expanding our addressable market and increasing demand for our products and solutions." He reaffirmed the company's focus on innovation and execution, aiming to enhance value for partners and clients while ensuring growth and profitability for shareholders.
Looking ahead, Sportradar has maintained its guidance for the current year, projecting constant-currency revenue growth in the range of 19% to 21%. Based on current foreign exchange rates, annual revenue is expected to be between €1.52 billion and €1.53 billion. Adjusted EBITDA is forecasted to grow by 24% to 27% on a constant-currency basis, with an estimated range of €360 million to €368 million.
