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Sportradar reported continued top-line growth for the third quarter of 2025 and confirmed plans to expand its outlook for the full year. The company highlighted gains in data solutions, media technology, and integrity services, alongside stronger free cash flow and the completed acquisition of IMG ARENA.
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Total revenue for the quarter reached €292 million, supported by growth in Betting Technology & Solutions, which increased 11% to €233 million, and Sports Content, Technology & Services, which rose 31% to €59 million. Marketing and Media Services grew 33%, while Managed Betting Services increased 19%.
Revenue increased 21% in the United States and 13% across the rest of the world. The company recorded a Customer Net Retention Rate of 114%, reflecting expanded client usage and product uptake.
Profit for the period was €22 million, down from €37 million a year earlier, due mainly to lower foreign currency gains. Adjusted EBITDA increased to €85 million, driven by revenue growth and higher client activity.
Sportradar completed its acquisition of IMG ARENA, gaining access to a global sports rights portfolio covering soccer, tennis, basketball, and other high-volume sports. The deal structure did not require Sportradar to provide upfront financial consideration. Instead, the transaction includes €225 million in value through cash prepayments by the seller and scheduled payments to Sportradar.
The acquired portfolio consists of data and streaming rights for over 70 rightsholders, adding roughly 38,000 data events and 29,000 streaming events annually, extending Sportradar coverage to more than one million matches per year.
Sportradar expects full-year 2025 revenue of at least €1.29 billion, representing 17% growth, and adjusted EBITDA of at least €290 million, or 30% growth. The company also projects an improved adjusted EBITDA margin and continued strong free cash flow.
Cash and cash equivalents totaled €360 million as of September 30, 2025, with total liquidity of €580 million including an undrawn credit facility and no debt.
Recent commercial developments include:
Higher uptake of betting data products, media services expansion, and increased customer activity in both the United States and international markets.
It expands access to official data and streaming rights across major sports, increasing product scale and distribution.
Revenue of at least €1.29 billion and adjusted EBITDA of at least €290 million.
€580 million in liquidity with no outstanding debt.