G3 Newswire

    Currency fluctuations leave Sportradar at a loss despite revenue growing by 11 per cent

    Currency fluctuations leave Sportradar at a loss despite revenue growing by 11 per cent

    Sportradar reported an 11% year-over-year revenue increase to €347 million in Q1, primarily driven by strong growth in its Betting Technology & Solutions segment. Despite this revenue growth, the company recorded a €6 million loss for the period, a significant downturn from the €24 million profit in the previous year, largely attributable to currency fluctuations.

    Kambi up five per cent in Q1 as it signs deal with Atlantic Lottery Corporation and British Columbia Lottery Corporation

    Kambi up five per cent in Q1 as it signs deal with Atlantic Lottery Corporation and British Columbia Lottery Corporation

    Kambi reported a five percent revenue increase in Q1, reaching €43.5 million, with adjusted EBITA rising by 64 percent to €5.7 million. This growth is bolstered by new agreements with the Atlantic Lottery Corporation and British Columbia Lottery Corporation to provide online and retail sportsbooks across seven Canadian provinces.