Sportradar reported revenue of 152.4 million euros ($172.2 million) for the fourth quarter of 2021, an increase of 41% compared to the fourth quarter of 2020.
Adjusted EBITDA for the period rose 14% to 21.4 million euros, with an adjusted EBITDA margin of 14%. US revenue for the fourth quarter of 2021 increased 92% to €23.2 million.
For the full year 2021, revenue increased by 39% to €561.2 million, “driven by strong growth across all business segments”.
This figure exceeded the group’s annual outlook range in 2021 of €553 million to €555 million. Adjusted EBITDA for the period increased by 33% to 102 million euros, with a margin of 18%.
A big moment for Sportradar
Sportradar highlighted that annual revenue exceeded €500 million for the first time in the group’s history, while projecting solid annual revenue growth of 18% to 25% in fiscal 2022.
The company also highlighted its multi-year partnerships with the National Hockey League, National Basketball Association, International Tennis Federation and International Bundesliga. Citing also the new agreements signed with the International Cricket Council and the Union of European Football Associations.
“I am delighted with our strong results, which illustrate how well we are delivering on our operational and growth plans,” said Sportradar CEO Carsten Koerl. “Importantly, we have a good momentum in our next fiscal year.” We continue to invest in content, technology and people that will enable us to grow profitably in line with our goals.
“We are particularly pleased to more than double our annual revenue in the US, which continues its explosive history of sports betting growth.”
“Sportradar has been a leader in this market since 2014, and we are now seeing the results of our initial investment. We continue to see the huge opportunity as sports betting becomes an increasingly integral part of the US media entertainment fabric.” finished Koerl.
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