Sportradar Q3 revenue rises by 14%, YTD reaches €921m

Sportradar has unveiled its latest financial results, with the supplier highlighting revenue rises across both Q3 and the full year to date.

At a glance, Sportradar's Q3 revenue figure of €292.1m ($335.7m) represents a 14% increase on results from the same period of the prior year, bringing 2025 year-to-date revenues up to €921m, 15% higher than this time last year. Elsewhere, Q3 adjusted EBITDA also rose by 29% to €85m.

Despite these positive upswings, Sportradar's latest quarterly revenue figure has dropped by 8.5% in comparison to results from Q2 - however - the year's third quarter typically falls over the sports season lull and financial results can typically reflect this down period. Elsewhere, profits dropped by a notable 50.8% down from €37m during Q3 2024 to €22m in Q3 2025.

Sportradar's results by segment

Over the course of the third quarter, betting and gaming content remained Sportradar's primary revenue driver, generating €176.5m of the company's total revenue figure - up 8% year-on-year. This fact was also reflected over the full year-to-date, with the same segment generating €569.9m, an 11% year-on-year increase. Managed betting services sector also rose by 19% both during Q3 and over the first nine months of 2025, reaching €56.3m and €171.7m, respectively, for the two time periods.

The company's sports content, technology and services department was largely dominated by its marketing and media services segment, which generated €43.9m during Q3 - up 33% - and generated €131.6m during the full year-to-date - up 28%. Overall, the full department progressed rapidly during Q3, generating €59.2m, a rise of 31% in comparison to results from the year prior.

Sportradar's results by region

Geographically, Sportradar's operations outside of the US remained the company's key revenue driver. However, the company's enhanced recent focus on the US market has been reflected in these latest results, as the €66.6m generated by the market in revenue equates to a 21% year-on-year increase. For the full year so far, the US market has churned out €240.7m in revenues for Sportradar - up 28% from Q3 2024.

Comparatively, revenues from the rest of the world during Q3 amounted to €225.4m, up 13% year-on-year - with the €680.4m generated across the full year-to-date also representing an 11% increase compared to the first nine months of the prior year.

Full-year outlook

In the wake of these latest results, the supplier has now officially raised its financial expectations for the full year 2025 period, now specifying an expected revenue of at least €1.29bn, alongside adjusted EBITDA of at least €290m.

Q3 highlights

During the third quarter, the supplier secured numerous key partnerships, include with Underdog in the US market for the integration of its AI safer gambling tool. Elsewhere, Sportradar also expanded its pre-existing collaboration with the Bundesliga in Germany - after also launching its AI-powered Bettor Sense tool.

It has been a busy start to Q4 for the supplier, too, as the company kicked off the period by officially obtaining gaming vendor licensure in the UAE market last month. More recently, this week saw the company announce the official closure of its IMG Arena acquisition.

CEO's comments

Speaking on these latest results, Sportradar CEO, Carsten Koerl, Chief Executive Officer of Sportradar, said: "We delivered another quarter of strong topline growth and increasing flow through, including record EBITDA margins and substantial cash flow generation. The results reflect our sustained operating performance and the durability of our growth strategy. Our continued momentum is driven by our premium content and product portfolio, and leading technology and AI, which is enabling us to consistently drive above market growth and deliver increasing value for our clients and partners.

"We are very pleased to augment that growth with the completion of the acquisition of IMG Arena, further bolstering our competitive position, including our unmatched rights offering, industry leading product suite and the depth and breadth of our global relationships. The acquisition of IMG provides additional growth avenues and we are excited by the opportunity to drive meaningful additional value for our shareholders going forward."