Sportradar posted second-quarter 2026 revenue of €378 million, representing a 19% year-over-year increase driven by strong performance across its core business divisions.
The company’s Betting Technology and Solutions segment led the charge with 21% growth, while Sports Content, Technology and Services contributed a solid 9% rise during the period.
Adjusted EBITDA climbed 19% to €76 million, with the company’s margin expanding to 20.2%, reflecting continued operational discipline across the business.
Despite the revenue growth, Sportradar recorded a net loss of €4 million for the quarter, a sharp reversal from the €49 million profit reported in the same period a year earlier.
The swing into the red was largely attributed to a €9 million foreign currency loss, compared to a currency gain in the prior year period, primarily linked to unrealized fluctuations in U.S. dollar-denominated sports rights.
Net cash from operating activities grew 20% to €117 million, while free cash flow increased 14% to €59 million, underscoring the underlying financial health of the business.
Sportradar continued its share buyback programme during the quarter, repurchasing $140 million worth of stock and bringing total repurchases to $422 million across 26 million shares since the plan launched.
Chief Executive Officer Carsten Koerl commented on the results, saying: “Sportradar’s second-quarter financial growth, along with the progress we delivered across a variety of key strategic initiatives, reflects our mission-critical role at the center of the global sports ecosystem.”
Koerl added: “Strong demand for our premium content, data and technology solutions, including increased monetization of our IMG ARENA rights portfolio, drove double-digit growth while deepening our relationships across our unparalleled global distribution network.”
A headline strategic development for the quarter was Sportradar’s multi-year global agreement with Kalshi, the world’s largest prediction market, positioning Sportradar as an official data and solutions provider.
The Kalshi partnership covers premium data, odds, fan engagement, customer acquisition, and integrity services across a number of major sports properties, broadening Sportradar’s footprint in the fast-growing prediction markets space.
The deal also enables Sportradar to enter agreements directly with Kalshi’s partners, including market makers and brokers, potentially opening new commercial avenues for the company going forward.
Despite the strong headline numbers, Sportradar’s Q2 revenue of €378 million fell marginally short of Wall Street’s consensus estimate of €381.9 million, which weighed heavily on investor sentiment.
Markets reacted sharply to the miss, with Sportradar shares falling nearly 20% to $11.65 in premarket trading, putting the stock just above its 52-week low of $11.55.
Looking ahead, the company issued full-year 2026 guidance of between €1.518 billion and €1.533 billion in revenue, alongside adjusted EBITDA of between €360 million and €368 million under current exchange rates.
