Recent Updates — SRAD

Sportradar Group AG has entered into a definitive agreement to sell Atrium Sports Inc., the operator of its Synergy Sports coaching and scouting business, to Teamworks Innovations Inc. for $170 million in cash. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. Sportradar will retain certain underlying technology assets, including automated video production cameras and computer vision capabilities, which are already integrated into its core offerings. This divestiture allows the company to streamline operations and focus on its primary betting, gaming, and media priorities while strengthening its balance sheet. Sportradar Group AG is a leading global sports technology company providing data, media, and integrity services to sports leagues, betting operators, and fans.

Sportradar Group AG reported second quarter 2026 financial results with revenue increasing 19% to €378 million and Adjusted EBITDA rising 19% to €76 million. The company posted a net loss of €4 million, primarily due to €9 million in unrealized foreign currency losses offsetting strong operating performance. Management provided an updated full-year 2026 outlook, forecasting revenue growth of 19% to 21% on a constant currency basis and Adjusted EBITDA growth of 24% to 27%. The company also announced strategic partnerships with prediction market exchanges Kalshi and Polymarket, extended its agreement for Wimbledon rights, and upsized its revolving credit facility to €250 million. Sportradar Group AG operates in the sports technology industry, providing data, content, and betting solutions to operators, media companies, and sports federations.