Sportradar Sales Jump 24% Led by U.S. Sports Betting Gains
Sportradar reported a first-quarter revenue jump of 24%, led by sizable gains in U.S. sports betting services. “We are delivering strong results, we are delivering higher organic growth, and we are …...
View ArticleSports Betting’s Next Five Years Promise a Tech-Driven Boom
Today’s guest columnist is Andrew Bimson, president and chief operating officer, North America, at Sportradar. Since the Professional and Amateur Sports Protection Act (PASPA) was repealed on May 14,...
View ArticleSportradar Inks Exclusive Deal for Conmebol Betting Data, Live Feeds
Sportradar and CONMEBOL have inked an exclusive multiyear agreement for gambling data and streaming rights, a partnership that covers some of the highest profile games from club teams in countries such...
View ArticleSportradar Owns a Youth Basketball Tourney In Vegas. Here’s Why
On Thursday, 150 of the country’s best youth basketball players will gather at a high school outside Las Vegas for the first Sportradar Showdown, a tournament owned and operated by the sports data...
View ArticleSportradar Revenue Up 22% as U.S. Sports Betting Continues to Grow
Sportradar reported its second quarter sales were up 22% globally to $237.7 million (€216.4 million), as bettors worldwide generated more activity in higher-priced offerings, such as managed betting...
View ArticleNCAA Power Conferences Hedge Bets on Declining Gambling Data Market
In late 2022, shortly after signing the largest media deal in college sports history, Big Ten executives began focusing on another major commercial milestone—the first gambling data deal among the five...
View ArticleSportradar Cutting Workforce as Data Rights Appetite Shrinks
Sports data and analytics pioneer Sportradar says it’s cutting about 10% of its workforce labor costs as part of a restructuring initiative announced as the company’s third quarter revenue came up...
View ArticleSportradar Restructures Business Amid C-Suite Changes
Sportradar Chief Finance Officer Gerard Griffin and Chief Strategy Officer Ulrich Harmuth are leaving the company, according to a Wednesday morning announcement, which also detailed a restructuring of...
View ArticleSportradar, USL Announce Multiyear Betting Partnership
The United Soccer League (USL) has reached a global betting partnership with Sportradar (NASDAQ: SRAD), signing a six-year deal that grants the Swiss technology company exclusive rights to collect,...
View ArticleSportradar Founder Carsten Koerl to Sell $35 Million in Shares
Carsten Koerl, the founder and CEO of sports data and analytics pioneer Sportradar, has filed to sell 3.5 million shares of the company, according to a filing with the Securities & Exchange...
View ArticleSportradar Shares Jump on Bullish Outlook, Buyback Plan
Sportradar shares jumped 24% in early trading on the Nasdaq Stock Market Wednesday, as better-than-expected financial results and an announced stock buyback sent the data and analytics company’s shares...
View ArticleSphere Leads Sports Stocks in March as Dolan More Than Doubles Stake
This story appeared in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. Sphere Entertainment, the operator of the newly opened landmark Las Vegas...
View ArticleSportradar, UEFA Expand Deal for Champions League Data
Sportradar and UEFA have extended and expanded their betting data relationship, which covers some of the biggest soccer matches in Europe. Under the new three-year deal, Sportradar will continue to...
View ArticleSportradar Sales Up 29% on American Betting, Raising Outlook
Second quarter earnings for sports data and analytics pioneer Sportradar were up 29%, led by a 59% jump in business in the U.S., the company announced Tuesday morning. The business, which services...
View ArticleSportradar Hints at Acquisition. Could Endeavor Arm Be a Target?
Sportradar is evaluating potential acquisitions as the sports betting data and analytics market seems destined to consolidate into two competitors. During Tuesday’s earnings call with Wall Street...
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