Sportradar operates at scale as a leading provider of sports data and analytics, leveraging advanced technology and proprietary data to deliver integrated solutions as a key infrastructure provider in the sports technology sector. The company generates revenue through subscription-based revenue and revenue sharing models.
Cyborg Score Rationale
The company posted strong fundamentals with Q3 revenue up 14% year-over-year to €292M and adjusted EBITDA jumping 29% to €85M, combined with €115M in operating cash flow and no debt on the balance sheet. Management highlighted successful IMG ARENA integration and anticipates 23-25% revenue growth in 2026.
Top Insights
Strategic partnerships with major sports leagues (NBA, NHL, MLB, UEFA, FIFA) provide competitive moat and recurring revenue
Recent IMG ARENA acquisition enhances data capabilities and expected to drive margin expansion
26% projected 2026 revenue growth and 29% record EBITDA margins demonstrate operational leverage
No debt with strong cash generation ($115M operating cash flow in Q3) supports $300M share buyback authorization
Named Competitors
Stats Perform — Sports data, analytics and content solutions
Genius Sports — Sports betting and media technology platform
Perform Group — Sports data and digital media solutions
Kambi — Sportsbook and iGaming software platform
Recent Developments
(February 2026) Multi-year agreement with NBC Sports Regional Sports Networks for NBA Advanced Data and GameFrame broadcast solutions
(February 2026) Extended and expanded partnership with Betfred for retail platform technology across 1,300 UK outlets
(November 2025) Completed IMG ARENA acquisition to enhance market leadership and content capabilities
(Q3 2025) Achieved record 29% adjusted EBITDA margins with 14% year-over-year revenue growth
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