Sportradar Group (NASDAQ:SRAD) Issues Earnings Results

Key Points

• Q1 miss: Sportradar reported EPS of ($0.02) versus a $0.06 consensus and revenue of $401.11M below estimates, though revenue was up ~11% year‑over‑year.
• Strong outlook and capital return: Management reaffirmed FY‑2026 targets of ~23–25% constant‑currency revenue growth (≈€1.56–1.58bn) and €390–400M adjusted EBITDA, while the board approved an enhanced €250M buyback (≈€90M repurchased in Q1) and the CEO plans a €10M personal purchase.
• Regulatory and reputational overhang: Short‑seller reports alleging links to illegal gambling have triggered a >20% one‑day share collapse, multiple law‑firm probes and potential litigation, and the company admits a low‑ to mid‑single‑digit revenue exposure to gray markets.

Sportradar Group (NASDAQ:SRAD - Get Free Report) released its earnings results on Tuesday. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.08), Zacks reports. The company had revenue of $401.11 million during the quarter, compared to analysts' expectations of $417.86 million. Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share.

Here are the key takeaways from Sportradar Group's conference call:

• Q1 results showed continued growth with EUR 347m revenue (+11% y/y), EUR 66m adjusted EBITDA (19% margin) and strong cash generation (FCF EUR 44m; 67% conversion).
• Management reaffirmed full‑year 2026 guidance — constant‑currency revenue growth of 23–25% (≈EUR 1.56–1.58bn) and adjusted EBITDA of EUR 390–400m, targeting ~200–225 bps margin expansion.
• Board approved an enhanced open‑market buyback ( EUR 250m ) under a EUR 1bn authorization; the company repurchased ~EUR 90m in Q1 (total ~EUR 228m) and the CEO plans a personal EUR 10m purchase, signaling management confidence.
• Management rebutted recent short‑seller reports, filed a 6‑K on KYC/compliance and says it does not work with illegal (black‑market) operators, but acknowledged piracy and estimates low‑ to mid‑single‑digit revenue exposure to gray markets — a reputational and regulatory risk.
• Accelerating commercialization of the IMG rights and product integrations — >75% of core betting clients consuming IMG content, expectation to exceed the 25% synergy target, and streaming volume growth (from ~525k to >700k matches) plus active discussions to monetize prediction markets.

Sportradar Group Stock Performance

Shares of SRAD stock traded up $0.62 during trading on Wednesday, reaching $12.97. 2,104,786 shares of the company's stock traded hands, compared to its average volume of 3,272,817. The company has a market capitalization of $3.88 billion, a P/E ratio of 39.21 and a beta of 1.98. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.05. The firm's 50-day moving average is $17.31 and its 200 day moving average is $20.34. Sportradar Group has a 1 year low of $11.66 and a 1 year high of $32.22.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SRAD shares. Morgan Stanley boosted their target price on shares of Sportradar Group from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 8th. Truist Financial dropped their target price on shares of Sportradar Group from $26.00 to $18.00 and set a "buy" rating on the stock in a research note on Wednesday. Weiss Ratings restated a "sell (d+)" rating on shares of Sportradar Group in a research note on Friday, March 27th. Needham & Company LLC dropped their price target on shares of Sportradar Group from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Citizens Jmp dropped their price target on shares of Sportradar Group from $34.00 to $31.00 and set a "market outperform" rating on the stock in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.00.

Institutional Trading of Sportradar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its stake in Sportradar Group by 19.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company's stock worth $287,158,000 after purchasing an additional 1,929,037 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Sportradar Group by 14.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company's stock worth $85,421,000 after purchasing an additional 409,545 shares in the last quarter. Invesco Ltd. lifted its stake in Sportradar Group by 0.5% in the 3rd quarter. Invesco Ltd. now owns 2,988,207 shares of the company's stock worth $80,383,000 after purchasing an additional 15,394 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sportradar Group by 49.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,759,326 shares of the company's stock valued at $41,819,000 after acquiring an additional 584,516 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Sportradar Group by 491.6% during the third quarter. Bank of America Corp DE now owns 1,728,426 shares of the company's stock worth $46,495,000 after purchasing an additional 1,436,263 shares in the last quarter.

Trending Headlines about Sportradar Group

Here are the key news stories impacting Sportradar Group this week:

• Positive Sentiment: Company announced a $250 million enhanced open‑market share repurchase program and has repurchased roughly $90M so far, which supports buyback-driven EPS support and offers a floor for shares. Sportradar Q1 results & $250M buyback
• Positive Sentiment: Sportradar hired Sameer Deen (ex‑Entain) as Chief Operating Officer, a senior industry hire that could help stabilize commercial operations and growth execution. COO appointment
• Positive Sentiment: Unusual options flow — a notable increase in call buying — signals some short‑term bullish positioning from traders (could reflect opportunistic buying after the share drop). (internal market activity report)
• Neutral Sentiment: Company provided FY‑2026 revenue guidance roughly in line with consensus (~$1.8B) and posted Q1 materials/transcript; investors can use the slide deck and call transcript to assess client trends and margin drivers. Q1 slide deck / press release
• Negative Sentiment: Short‑seller reports (Muddy Waters, Callisto) allege Sportradar facilitated illegal gambling through partner relationships — these claims triggered a >20% one‑day share collapse and are the primary catalyst for current selling pressure. PR Newswire: Investor alert re: short‑seller allegations
• Negative Sentiment: Multiple securities law firms (Pomerantz, BFA, Kessler Topaz, Block & Leviton, Hagens Berman, others) have opened investigations or issued investor alerts — litigation risk and potential discovery are major near‑term overhangs. Pomerantz investor alert Hagens Berman alert
• Negative Sentiment: Q1 results missed expectations: EPS of ($0.02) vs. consensus $0.06 and revenue below estimates — a concrete earnings miss that validates some investor concern about near‑term execution. Zacks: Q1 miss
• Negative Sentiment: Several sell‑side analysts have trimmed price targets recently (e.g., Truist $26→$18, Stifel $25→$21, BTIG $23→$18, Needham $27→$19) — even though most kept "Buy" ratings, lowered targets compress upside and reflect increased near‑term risk. Benzinga: analyst target changes

About Sportradar Group

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.

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