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Sportradar Group AG has shared its early financial update for the first quarter of 2025, offering a look at what the full results may reveal next month. Last month the company announced record revenues of $1.2 billion over the year 2024.
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According to preliminary data, the company expects revenue between $350 million and $354 million for Q1. Profit for the period is estimated to land between $22 million and $27 million. Sportradar also projects adjusted EBITDA between $63 million and $66 million.
However, the figures remain unaudited. In a statement, the company noted, “The company’s independent registered accounting firm has not reviewed or audited the preliminary financial information set forth in this press release.” It also warned that adjustments could still be made before finalizing the report, which may affect the presented numbers.
The full financial report will be published on May 12, and Sportradar plans to host a conference call to discuss the results in detail.
Since launching in 2001 in Switzerland, Sportradar has expanded globally. The company entered the US market in 2015 and has since secured key data rights with top North American sports leagues, including the MLB, NFL, NHL, and NASCAR. In March Sportradar announced the purchase of IMG Arena, a sports betting and data rights business that was formerly held by Endeavor Group.