Sportradar Group Reports Strong Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/SRAD'>Sportradar Group AG (NASDAQ:SRAD)</a> reported its Q4 results, with revenue coming in at €152.4 million ($172.2 million), representing 41% year-over-year growth.</p>
<p>For the full 2021-year, the revenue came in at €561.2 million ($634.2 million), up 39% year-over-year, beating the company’s 2021 annual outlook range of €553 - €555 million.</p>
<p>Analysts at Deutsche Bank provided their views on the company following the earnings report, stating that the company’s newly initiated 2022 outlook came in better than expected from a revenue perspective and in line from an adjusted EBITDA perspective. </p>
<p>The analysts view the results and outlook favorably, as most sports betting peers continue to miss adjusted EBITDA estimates and guide to deeper near-term losses, compared to Sportradar’s continued profitability. They noted that the profitability continues to stem from the mature international betting businesses, which grew adjusted EBITDA by around 58% year-over-year in Q4.</p>

NASDAQ:SRAD