Sportradar revenue climbs as prediction business expands
Sportradar reported third-quarter revenue of €363 million, up 24% from a year earlier, as demand for betting content, acquired IMG Arena rights, and prediction-market services contributed to growth. The November 3 results cover the three months ended September 30 and include a 20% increase in profit to €27 million.
Adjusted EBITDA rose 21% to €102 million, with an adjusted EBITDA margin of 28.2%. Operating cash flow increased 37% to €157 million, while free cash flow reached €73 million, up 12%. These cash-flow measures were reported separately from profit and the company’s adjusted earnings measure.
The U.S. business generated €98 million in revenue, increasing 47% from €67 million a year earlier. Revenue outside the U.S. rose 17% to €265 million. Betting Technology & Solutions revenue increased 27% to €297 million, supported by further monetization of IMG Arena’s sports rights.
Prediction agreements expand alongside content rights
Chief Executive Officer Carsten Koerl attributed the performance to demand for premium content, data, and technology, including contributions from prediction markets. He said sports consumption across a broader range of platforms was increasing the company’s potential customer base.
During the quarter, Sportradar expanded its Polymarket partnership to more than 20 leagues and competitions, including Bundesliga football, EuroLeague basketball, and tennis Grand Slams. It also signed agreements with prediction-market brokers and market makers, extending its commercial activity beyond exchange operators.
The company separately extended its global distribution agreement for Euroleague Basketball’s official data and audiovisual betting rights through 2031. That agreement covers more than 650 games annually across the EuroLeague and BKT EuroCup competitions. Its integrity business also recently extended the Borussia Dortmund sponsor-vetting relationship.
Sportradar maintained its 2026 revenue forecast of €1,518–€1,533 million and adjusted EBITDA guidance of €360–€368 million. The outlook excludes the pending $170 million sale of Atrium Sports to Teamworks Innovations, announced on October 7. Completion remained expected in the fourth quarter, subject to customary conditions.
