Sportradar profit rises 20% to €27 million in third quarter
Key Facts
Sportradar reported results for the third quarter ended September 30, 2026, posting profit for the period of €27 million, up 20% year on year, according to an investor relations statement. Profit was equivalent to 7.5% of revenue. The company strengthened its cash flows during the period, with net cash from operating activities rising 37% to €157 million. Free cash flow also increased 12% to €73 million. The figures put profitability and cash generation alongside business growth, as Sportradar kept its annual 2026 outlook unchanged.
Betting Technology & Solutions was the largest driver among the segments reported by the company, with revenue of €297 million, up 27% from the same quarter a year earlier. Sportradar attributed the performance mainly to 37% growth in betting and gaming content revenue. The chief executive said demand for premium content, in-depth data and innovative technology solutions supported performance. He added that the company generated incremental returns from the IMG ARENA rights it acquired, alongside significant contributions from prediction markets. This reflects the range of growth sources cited by management, from content and rights to demand for data and technology.
Geographically, revenue in the United States rose 47%, compared with 17% growth in the rest of the world. The U.S. market accounted for 27% of the company's total revenue in the third quarter, compared with 23% in the same quarter a year earlier. The shift shows that the United States represents a larger share of the revenue mix, alongside faster growth than in other markets. The chief executive also linked performance to contributions from prediction markets, without detailing their value in the statement. On profitability, the company said the positive impact of operating results was offset by pressures including foreign exchange losses, higher financing costs and costs related to efficiency initiatives.
Sportradar recorded a foreign exchange loss of €6 million, stemming from unrealized fluctuations mainly associated with sports rights denominated in U.S. dollars. Financing costs rose by €4 million due to the addition of sports rights, alongside termination costs related to efficiency initiatives. The company said these items partly offset the impact of operating results on profit. On capital allocation, it repurchased shares worth $157 million during the quarter under its buyback plan. The move comes as the company maintains its full-year outlook despite differing growth rates across segments and markets.
The company expects constant-currency revenue growth of between 19% and 21% in fiscal 2026, and constant-currency growth in adjusted earnings before interest, taxes, depreciation and amortization of between 24% and 27%. At current exchange rates, it put its annual revenue range at €1,518 million to €1,533 million, and its adjusted earnings range at €360 million to €368 million. The results statement also reiterated the sale agreement for Atrium Sports, announced on October 7, for $170 million in cash to Teamworks Innovations. The deal covers Synergy Sports' coaching and scouting business and was expected to close in the fourth quarter of 2026, subject to customary closing conditions. The chief executive said the sale focuses Sportradar's business on betting, gaming and media, and that the proceeds would strengthen the balance sheet and support capital allocation priorities.
Under the sale agreement, Sportradar will retain certain assets, technology capabilities and revenue that support its core business and are already integrated into its operations. The retained assets include automated video production cameras, automated graphics solutions, certain computer vision capabilities and competition management products. This frames the deal as a reshaping of the business scope while retaining technology the company believes serves its core offerings. For comparison, revenue had risen 19% to €378 million in the second quarter of 2026, while the company posted a loss of €4 million at the time. Sportradar is scheduled to hold a conference call to discuss its third-quarter results on November 3, 2026, at 8:30 a.m. Eastern Time.