| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 39 | 184.6x | 17.6x | Bottom tier | |
Growth | 81 | 17.0% | 7.1% | Top tier | |
Quality | 83 | 12.6% | 4.5% | Top tier | |
Safety | 63 | — | 2.6x | Around median | |
Capital Return | 44 | — | 2.15% | Around median | |
Momentum | 4 | -57.0% | 2.3% | Bottom tier | |
Sentiment | 67 | 12 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Sportradar Group AG operates as a technology provider positioned between the sports industry and the betting, media, and prediction markets sectors. It generates revenue from data, odds, live streaming, fan engagement tools, integrity and marketing services, as well as Managed Trading Services, which managed wagers worth approximately $56 billion during the twelve months ended Q2 FY2026, an increase of 26%. Its rights and content portfolio includes partnerships associated with competitions such as the NBA, NHL, Wimbledon, Roland-Garros, MLS, UFC, and ATP, while its contract model is split approximately between two-thirds fixed fees and one-third variable fees.
In Q2 FY2026, revenue increased 19% to €378 million, or 21% on a constant-currency basis, and adjusted EBITDA reached €76 million, up 19%, with a 20% margin. Betting Technology and Solutions generated revenue of €314 million, representing approximately 83% of total revenue, with growth of 21% driven by a 27% increase in betting and gaming content revenue, while Sports Content, Technology & Services generated approximately €64 million, or nearly 17% of the total, with growth of 9%. Geographically, Rest of World revenue increased 20%, while United States revenue rose 16% on a reported basis and approximately 22% on a constant-currency basis.
Despite operating growth, the company recorded a net loss of €4 million in Q2 FY2026, compared with a profit of €49 million in the corresponding period, affected by unrealized foreign-exchange losses of €9 million and restructuring costs of €11 million. By contrast, free cash flow reached €103 million in the first half of FY2026, up 23%, and the adjusted earnings-to-free-cash-flow conversion ratio improved to 73% from 68%. EDGAR data for FY2025 shows revenue of $1.3 billion, gross profit of $1.1 billion, and net income of $100.3 million, compared with revenue of $1.1 billion and net income of $33.6 million in FY2024.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $18.04 and a wide range between $14 and $26; the average is approximately 43% below the 52-week range high of $31.65, while even the highest target is approximately 18% below that high. No current P/E ratio is available, so the valuation assessment rests on the target range and operating results; the sharp repricing on August 3, 2026 was associated with the lowered outlook and the slowdown in the United States market, despite quarterly revenue growth of 19% and improved free cash flow in the first half.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue increased 19% to €378 million, and growth would have been 21% on a constant-currency basis. Betting Technology and Solutions generated approximately €314 million, up 21%, driven by a 27% increase in betting and gaming content revenue through sales of IMG ARENA content and streaming and data products. Sports Content, Technology & Services also recorded revenue of €64 million, up 9%, supported by media and marketing services and customer-acquisition spending.
Management attributed the reduction on August 3, 2026 to continued weakness in the traditional United States sports-betting market, delays in completing prediction-market contracts, and the advertising recovery failing to offset the weakness recorded in the first quarter. The outlook now indicates constant-currency revenue growth of between 19% and 21% and reported revenue of between €1.518 and €1.533 billion based on the exchange rates used when it was issued. The company expects adjusted EBITDA of between €360 and €368 million, with constant-currency growth of between 24% and 27%.
Sportradar signed a multi-year agreement with Kalshi to provide real-time sports data, content, engagement and marketing tools, and integrity services across competitions including MLB, ATP, NHL, MLS, and UFC. On August 27, 2026, the Polymarket partnership expanded to include more than 20 leagues and competitions and approximately 300,000 matches annually, in addition to an ATP-related agreement that includes exclusive streaming in the United States. Management estimated FY2026 prediction-market revenue in the tens of millions, but explained that the timing of contract completions delayed part of the expected contribution.
The company recorded a net loss of €4 million in Q2 FY2026, compared with a profit of €49 million a year earlier, due to unrealized foreign-exchange losses of €9 million and restructuring costs of €11 million. Nevertheless, free cash flow reached €103 million in the first half of FY2026, up 23%, and the adjusted earnings-to-free-cash-flow conversion ratio reached 73%. The company also ended the quarter with liquidity of €251 million and no outstanding debt, despite accelerating share repurchases.
Playradar aims to connect live sports streaming with gaming and real-time predictions, leveraging ePlayer’s presence across approximately 400 betting brands and sites and hundreds of millions of impressions. The business obtained regulatory certifications in several jurisdictions across South America, Europe, and Canada, and its concept includes a 24-hour streaming channel and historical ATP-related content. However, management said on August 3, 2026 that the product remains at an early stage of its lifecycle and needs time for distribution, so the available data does not yet provide numerical evidence of its contribution to revenue or earnings.
Sports-rights expenses increased 30% to €138 million in Q2 FY2026, mainly due to the addition of IMG content and the seasonality of tennis, golf, and soccer. The company confirms that major rights deals are long term and that all tier-one rights generate positive margins, but the fixed nature of these costs may pressure margins when revenue is weaker than expected. Therefore, management forecast on August 3, 2026 that the adjusted EBIT margin would decline year over year in Q3, despite expecting revenue and adjusted EBITDA growth to accelerate during the second half.
