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Sportradar has kicked off 2025 with strong financial momentum, posting impressive growth across key metrics in its first-quarter results. The company saw a solid lift in both revenue and profit, while also strengthening long-term partnerships that signal more expansion ahead.
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Sportradar pulled in $395.6 million in revenue during the first quarter, reflecting a 17% increase compared to the same period last year. Out of that, the US market alone brought in more than $95 million, continuing to play a key role in the company’s growth path.
Its adjusted EBITDA, which offers a snapshot of core profitability, climbed to $65.6 million—an increase of 25% year-on-year. The company also expanded its EBITDA margin to 18.9%, suggesting improved efficiency alongside higher sales.
Retention was another highlight. Sportradar maintained a net customer retention rate of 122%, showing that not only are clients sticking around, they are also increasing their usage and spending on Sportradar’s products and services. That kind of stability often reflects confidence in the tools, data, and services being provided.
Carsten Koerl, the company’s CEO, called it a solid start to the year, noting the growth extended across several business areas.
“We had a strong start to the year with record quarterly revenue as we delivered broad-based growth across our leading product suite and diverse global footprint, while expanding margins and cash flow,” Koerl said.
Beyond the numbers, Sportradar also locked in some long-term wins. The company has extended its partnership with Major League Baseball through 2032, which secures access to premium content that can be used in its betting and analytics platforms.
Additionally, Sportradar reached a deal to acquire the sports betting rights portfolio of IMG Arena. That move is aimed at deepening its offering to sportsbook operators around the world.
Koerl commented on both developments by saying:
“During the quarter we also further bolstered our leading content portfolio with the extension and expansion of our partnership with Major League Baseball and we signed an agreement to acquire IMG Arena’s sports betting rights portfolio.
“We are excited by the unique opportunities these valuable properties will provide to our customers and look forward to generating additional value for our shareholders in 2025 and beyond.”