Sportradar Group AG, one of the largest global sports technology companies, held an Investor Day. The event, which took place last Tuesday (1), included the company’s growth strategy and financial outlook.
CEO Carsten Koerl, CFO Craig Felenstein and other members of the Sportradar leadership team provided an in-depth look at the company’s priorities and growth opportunities.
Also present at the event were NBA Commissioner Adam Silver and NHL Commissioner Gary Bettman, as well as DraftKings co-founder and CEO Jason Robins and Kaizen Gaming co-founder and CEO George Daskalakis, owner of the Betano sports betting brand.
The speakers highlighted Sportradar’s competitive advantages and the key elements of its growth strategy, which will enable it to continue generating significant value for partners, customers and shareholders.
Check out the topics covered at the Sportradar event
- At an inflection point for multi-year value creation. According to the company, with industry-leading scale, competitive advantages and key sports rights secured for the long term, the group is at an inflection point to drive sustainable revenue growth. While significantly expanding margins and cash generation.
- Mission-Critical Leadership. The company has an established position at the heart of the sports ecosystem and serves more than 2,100 customers and partners worldwide. In addition, its depth, breadth and scale in content-focused data, diversified product portfolio and extensive distribution network support its market position.
- Large and growing sports betting hub. With the global sports betting market expected to grow by double digits over the next four years, the company is planning to meet this market movement and the convergence of the sports, betting and media industries.
- A track record of product innovation to drive revenue. The company is well positioned to keep pace with industry growth and capture a growing share of in-play betting. Thanks to a product portfolio designed to deeply engage sports fans, it also aligns its commercial strategy with a focus on meeting the evolving needs of its customers.
- Opportunities in adjacent markets. The company will continue to explore opportunities in adjacent markets. This includes leveraging its existing 360-degree marketing services capabilities in the online casino market. Thus, opening up a potential $2 billion single addressable market (SAM).
- Leverage technology and AI to drive efficiency and innovation. A robust technology stack and deep AI capabilities enable businesses to improve efficiency, thereby accelerating their innovation process and providing growth opportunities for partners and customers in the sports ecosystem.
Financial goals and future
Sportradar expects to achieve encouraging financial performance over the next three years. With this in mind, it has set the following targets for 2027:
- Revenue of at least €1.7 billion, representing a CAGR of 15%.
- Adjusted EBITDA of at least €455 million, representing a CAGR of 27%.
- Adjusted EBITDA margin expansion of 700 basis points.
- Free cash flow of approximately EUR 275 million, increasing free cash flow conversion to at least 60% by 2027.
Carsten Koerl, CEO of Sportradar, commented on the goals and growth. “We look forward to sharing our vision and strategy to drive sustainable, long-term growth at our Investor Day.”
“As a market leader in sports technology, Sportradar is uniquely positioned at the heart of the sports ecosystem. With our leading scale, unrivalled global distribution network and history of innovation, we are confident in our ability to continue our strong momentum and deliver tremendous value for our customers, partners and shareholders,” said Koerl.
The full agenda and a live stream of the presentations, as well as Sportradar’s more specific financial measures, are also available on the company’s website.
About Sportradar
Sportradar Group AG (NASDAQ: SRAD), founded in 2001, is a global sports technology company specializing in immersive experiences for sports fans and bettors.
Positioned at the intersection of the sports, media and betting industries, the company provides sports federations, news media, consumer platforms and sports betting operators with the best range of solutions to help grow their businesses.
The company has partnerships with organizations such as the ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, CONMEBOL and Bundesliga. In addition, Sportradar covers around one million events annually across all major sports.
As per its history in the market, and based on its industry relationships and experience, Sportradar also protects sports through its Integrity Services division and advocates for an integrity-driven environment for all stakeholders.