Sportradar is raising its year-end revenue guidance to €1.09 billion ($1.18 billion) following a Q3 in which it booked €255 million ($275.2 million), a 27% increase over the same period in 2023.
That growth was driven primary by 32% revenue growth in the data giant’s Betting Technology & Solutions category, which rose from €159.2 million ($172.3 million) in Q3 2023 to €210.1 million ($227.4 million) in Q3 2024. Among Sports Content, Technology & Services revenue also rose 8% year-over-year to €45.1 million ($48.8 million). The U.S. market comprised only 20% of Sportradar’s Q3 revenue, but that figure is up from 17% this time last year and U.S. revenue jumped 46% year-over-year from €35.1 million ($38 million) to €51.1 million ($55.3 million).
Sportradar – whose client base includes 400 leagues teams and federations, 800 betting operators and 900 media or technology companies – also reported €63 million in sports rights expenses in Q3 (up 77% from last year), primarily due to its winning bid for the ATP Tour’s global data and betting streaming rights , which took effect this year. The company has rights contracts with the German Bundesliga , NBA and NHL that extend to the 2030’s and is currently negotiating an extension with MLB, a relationship that began in 2019.
