Q1 2026 Sportradar Group AG Earnings Call Transcript
Key Points
- Sportradar Group AG (SRAD) reported Q1 revenues of EUR347 million, marking an 11% increase year-over-year, driven by strong performance in betting and gaming content.
- The company generated an adjusted EBITDA of EUR66 million, translating to a margin of 19%, with a strong free cash flow conversion rate of 67%.
- Sportradar has expanded its sports coverage, expecting to stream over 700,000 matches globally in 2026, up from 525,000 matches last year.
- The company has successfully integrated IMG content into its core product suite, with more than 75% of core betting clients consuming IMG content.
- Sportradar announced a $250 million enhanced open market repurchase program, reflecting confidence in the company's long-term growth prospects.
- The company faced headwinds from foreign currency movements, impacting revenue growth, which would have been 16% on a constant currency basis.
- Managed Betting Services saw a slight decline due to unfavorable sporting outcomes, particularly in European soccer, affecting trading margins.
- Marketing services revenue was down 9% in the quarter, attributed to operators pulling back spending and timing of marketing campaigns.
- Sportradar addressed allegations from short sellers, which aimed to drive down the company's stock price, emphasizing their robust compliance framework.
- The US market growth was slower than anticipated, impacting the company's revenue expectations for the year.
Hello, everyone. Thank you for joining the Sportradar Q1 2026 earnings call. (Operator Instructions)
I will now hand the conference over to Jim Bombassei, Head of Investor Relations and Corporate Finance.
Thank you, operator. Hello, everyone, and thank you for joining us for Sportradar's earnings call for the first quarter of 2026.
Please note that the slides we will reference during this presentation can be accessed via the webcast on our website at investors.sportradar.com and will be posted on our website at the conclusion of this call. A replay of today's call will also be available on our website. After our prepared remarks, we will open the call to questions from analysts and investors.
In the interest of time, please limit yourself to one question and one follow-up. Please note that some of the information you will hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue and future
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
