• Sportradar released its first quarter results, recording nearly a 20% year-over-year revenue increase
• The company posted a 31% increase in revenue in the United States, as well as a 12% Rest of World revenue growth
• Carsten Koerl, Sportradar's Chief Executive Officer, shares his excitement about the latest results

The leading global sports technology company, Sportradar, released its first quarter results earlier this week.

The company's Q1 2025 unaudited results revealed strong revenue growth, complemented by the accomplishment of strategic objectives.

Sportradar posts growth across the board

Overall, Sportradar posted €311.2m in total revenue for the first quarter of the year.

This result, compared to the €265.9m from the corresponding period in 2024, points to an increase of 17% year-over-year.

A breakdown of the total revenue reported by Sportradar points to growth across all of its operating segments.

Not unexpectedly, the company's Betting Technology and Solutions was responsible for the lion's share of the revenue or a total of €250m.

The Betting Technology and Solutions revenue reported during the first quarter represented an increase of 14% year-over-year.

On the other hand, Sportradar's Sports Content, Technology and Services revenue soared by 33% year-over-year to €61.2m.

According to a revenue breakdown by geography, the company recorded significant revenue growth in the United States, complemented by a notable increase in the revenue for Rest of World operations.

Sportradar's US revenue hit €86.1m, up by 31% year-over-year, while Rest of World revenue increased by12% to €225.1m.

In addition, Sportradar confirmed that its profit for the period increased to €24m and "expanded to 7.8% as a percentage of revenue."

Adjusted EBITDA in Q1 2025 increased to €59m, representing 25% year-over-year growth.

Strong start to the year and continued positive momentum

Carsten Koerl, Sportradar's Chief Executive Officer, shared his excitement regarding the latest financial results, Casino Guru News learned from a press release.

"We had a strong start to the year with record quarterly revenue as we delivered broad-based growth across our leading product suite and diverse global footprint, while expanding margins and cash flow," the executive explained.

Moreover, Koerl explained: "The continued momentum we are generating builds upon our success from last year, demonstrating the durability of our business and our mission critical role in the expanding sports ecosystem."

Sportradar's CEO highlighted important achievements completed during the first quarter.

Those include the company's partnership extension and expansion with Major League Baseball (MLB).

Moreover, Koerl pointed to the importance of Sportradar's agreement to acquire IMG ARENA.

"We are excited by the unique opportunities these valuable properties will provide to our customers and look forward to generating additional value for our shareholders in 2025 and beyond," the executive said in conclusion.

Earlier this year, Sportradar posted its Q4 and full-year 2024 financial results, pointing to strong revenue growth and adjusted EBITDA increase.

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