Sportradar has reported its financial results for Q1 2026, with total revenue for the quarter reaching €347m ($296.9m), up 11% year-on-year, driven by 15% growth in Betting Technology & Solutions, partly offset by a 4% decline in Sports Content, Technology & Services.
The company saw broad-based global growth, with rest of world revenue increasing 14% and the US up 4%. However, foreign currency movements, particularly the strength of the US dollar relative to the Euro, continued to weigh on earnings.
The company reported a loss for the period of €6m, compared to a profit of €24m in the same quarter last year. Adjusted EBITDA for the first quarter was €66m, up 12% year-on-year.
Carsten Koerl, Chief Executive Officer of Sportradar, stated: "Sportradar's first quarter growth reflects our premier position as the scaled leader in the expanding global sports data ecosystem.
"We continue to deepen our relationships across our expansive distribution network, providing additional content, products and services to our sportsbook, media and technology clients. Our recently acquired portfolio of IMG content has further bolstered our diverse offering.’’
The company also announced that Sameer Deen has been appointed COO effective 18 May 2026. He will report directly to Carsten Koerl, Sportradar’s Chief Executive Officer.
In his role as COO, Deen will oversee Commercial and Group Operations and work closely with the executive leadership team to support the company’s strategy and drive growth.
Sportradar's share price had taken a hit recently, following last week's short seller reports. CEO Koerl recently penned an open letter to shareholders denying a number of rumours.
Sportradar is expanding into iGaming with the launch of a new brand called Playradar. The brand will initially roll out in the UK, North America and Latin America.
According to Sportradar, the iGaming brand, Playradar, serves as a “natural channel” to help drive long-term monetisation and lifetime value alongside its existing operations
