The combination of strong top-line growth, margin expansion, and aggressive capital return suggests improving fundamentals. Traders should monitor execution on the 2026 guidance, particularly monetization of IMG ARENA content and U.S. market traction. The stock may re-rate higher if free cash flow conversion exceeds 56% as expected.
Price Chart
Executive Summary
Sportradar reported strong full-year 2025 results with 17% revenue growth to €1.29 billion and a 33% increase in Adjusted EBITDA to €297 million, driven by the IMG ARENA acquisition and U.S. market expansion. The company raised its share repurchase authorization to $1 billion and provided bullish 2026 guidance, forecasting 23-25% revenue growth and 34-37% Adjusted EBITDA growth on a constant currency basis.
Key Financial Metrics
Key Facts
- Full-year 2025 revenue: €1.29 billion, up 17% YoY
- Adjusted EBITDA: €297 million, up 33% YoY with margin expansion of 291 bps to 23.0%
- Q4 revenue: €369 million, up 20% YoY; Adjusted EBITDA: €89 million, up 48% YoY
- Completed acquisition of IMG ARENA in November 2025 with no upfront cash paid; deal includes $225 million in total financial consideration
- Raised full-year 2026 guidance: 23-25% revenue growth and 34-37% Adjusted EBITDA growth (constant currency)
- Announced increase in share repurchase program from $300 million to $1 billion; $171 million already deployed
Financial Impact
Revenue increased by €183 million and Adjusted EBITDA by €74 million in 2025, with free cash flow up €50 million to €167 million. 2026 outlook implies ~€1.57 billion in revenue and ~€395 million in Adjusted EBITDA at midpoint.
Risk Factors
- Foreign exchange headwinds due to euro-dollar fluctuations could impact reported results
- Integration risk from IMG ARENA acquisition and reliance on sports rights partnerships
- Forward-looking guidance is based on constant currency and may not reflect actual reported growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3248203 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $11.99 | awaiting T+5 | — | $12.36 (+3.13%) |
Oct 15, 2026 11d ago | 144 | $11.91 $11.95 | ▲ +0.34% | ▲ +0.77% | $12.36 (+3.82%) |
Oct 7, 2026 20d ago | 6-K | $12.06 $11.63 | ▼ −3.57% | ▼ −2.59% | $12.36 (+2.53%) |
Aug 26, 2026 8w ago | Press Release | $12.95 $12.92 | ▼ −0.23% | ▼ −0.11% | $12.36 (−4.52%) |
Aug 3, 2026 12w ago | 6-K | $12.34 $13.34 | ▲ +8.10% | ▲ +6.08% | $12.36 (+0.20%) |
Jun 4, 2026 20w ago | Press Release | $14.23 $16.96 | ▲ +19.18% | ▲ +21.74% | $12.36 (−13.11%) |
Apr 30, 2026 25w ago | Insider Cluster | $13.05 $13.36 | ▲ +2.38% | ▲ +0.65% | $12.36 (−5.25%) |
Apr 24, 2026 26w ago | Press Release | $13.29 $13.05 | ▼ −1.81% | ▼ −2.71% | $12.36 (−6.96%) |
Apr 16, 2026 27w ago | Press Release | $17.42 $13.29 | ▼ −23.71% | ▼ −24.26% | $12.36 (−29.02%) |
Mar 27, 2026 30w ago | Press Release | $17.15 $16.99 | ▼ −0.93% | ▼ −4.80% | $12.36 (−27.90%) |
US Market Status
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