Sportradar reported a 24% increase in revenue to €363 million for the third quarter of 2026. Profit for the period rose 20% to €27 million, while Adjusted EBITDA grew 21% to €102 million, delivering a 28.2% margin. The sports technology company also recorded an increase in net cash from operating activities.
Sportradar Group AG has announced an agreement to divest the coaching and scouting business of Synergy Sports to Teamworks Innovations. This transaction aims to streamline Sportradar's business and sharpen its focus on core betting, gaming, and media priorities.
Sportradar has significantly expanded its partnership with Polymarket, integrating exclusive streaming rights for major leagues like the Bundesliga and Euroleague Basketball, alongside official data for Tennis Grand Slams. This collaboration deepens Sportradar's role as a technology partner in the prediction market category, covering over 20 global sports leagues and competitions. This move enhances data and streaming offerings for Polymarket's users.
Sportradar has secured a multi-year extension with Euroleague Basketball for official data and audio-visual betting rights. This agreement solidifies Sportradar's position as the exclusive distributor of betting data and AV streams for Euroleague and EuroCup competitions to licensed sports betting operators worldwide.
Sportradar reported a 19% increase in Q2 2026 revenue to €378 million, alongside a €4 million loss for the period, primarily due to unrealized foreign currency losses. Adjusted EBITDA also grew by 19% to €76 million, indicating strong operational performance despite the net loss.
Sportradar and Kalshi have formed a global partnership, positioning Sportradar as the core data and solutions provider for Kalshi's prediction markets. This collaboration grants Kalshi access to Sportradar's extensive sports data, enabling them to offer markets across major sports leagues. It marks a significant move for Sportradar into the prediction market space, leveraging their data infrastructure.
Sportradar has secured a multi-year extension for official data and audiovisual (AV) betting rights for Wimbledon, covering all matches from the AELTC Championships. This deal enhances Sportradar's tennis portfolio and offers its global network of betting operators access to premium content, including faster data feeds and live streaming.
Sportradar has appointed Sameer Deen as its new Chief Operating Officer, effective immediately. Deen, a veteran in sports betting and digital experience, is tasked with driving the company's growth and strategic innovation. This appointment follows his previous tenure at Sportradar as Chief Communications Officer.
Sportradar announced its Q1 2026 financial results, reporting an 11% increase in revenue to €347 million and a 12% rise in Adjusted EBITDA to €66 million, despite a €6 million loss for the period. Additionally, the company authorized a new $250 million share repurchase program to enhance shareholder returns.
Sportradar has issued a strong rebuttal against recent short seller reports, asserting that they contain factual inaccuracies and demonstrate a fundamental misunderstanding of their business and the industry. The company claims these reports were authored by short sellers aiming to erode shareholder value.