SRAD Sportradar Group AG

Rice Hall James & Associates LLC acquired 799,217 shares of Sportradar Group AG (NASDAQ:SRAD) during Q3, valuing the stake at approximately $21.5 million. This purchase makes Sportradar about 1.2% of the firm's portfolio and its 24th largest holding, representing 0.27% ownership of the company. Sportradar reported Q3 revenue of $342.7 million, beating estimates, but missed EPS at $0.08, and currently has a $6.92 billion market cap with a P/E of 72.19.

Sportradar Group AG has announced the election of Breon Corcoran, CEO of IG Group, to its Board of Directors, effective December 11, 2025. Corcoran brings extensive experience in betting, gaming, and fintech, with a proven track record in digital transformation and international growth from his previous roles at Zepz, Paddy Power Betfair, and Betfair. Both Sportradar's Chairman, Jeffery Yabuki, and CEO, Carsten Koerl, expressed enthusiasm for Corcoran's valuable leadership and industry expertise to guide the company's strategic priorities.

Sportradar Group AG has elected Breon Corcoran, CEO of IG Group, to its Board of Directors, effective December 11, 2025. Corcoran brings extensive experience in technology and digital transformation from leadership roles at companies such as Zepz, Paddy Power Betfair, and Betfair. Chairman Jeffery Yabuki and CEO Carsten Koerl emphasized that Corcoran's expertise in sports technology, betting, gaming, and fintech will be invaluable for Sportradar's strategic growth, innovation, and expansion in the global sports sector.

Orreco, a leader in AI-powered athlete performance, has partnered with Sportradar to integrate official NBA tracking data. This collaboration will enhance Orreco's ability to provide insights for optimizing training, accelerating recovery, and supporting the long-term well-being of NBA athletes. The agreement leverages real-time player tracking and event data to aid coaches, medical staff, and athletes in making data-driven decisions.

Sportradar has completed its acquisition of IMG ARENA, significantly expanding its global sports betting rights portfolio and accelerating its goal of leadership in data-driven sports entertainment. This deal enhances Sportradar's content and product offerings, particularly in popular sports betting areas, and is expected to be accretive to its adjusted EBITDA margins and free cash flow. The company anticipates achieving double-digit revenue growth in the next three years, targeting over €1.7 billion by 2027, driven by this acquisition and further strategic opportunities.

Sportradar Group AG (NASDAQ: SRAD) announced it will release its third-quarter 2025 financial and operating results on Wednesday, November 5, 2025, for the period ended September 30, 2025. The company will host an earnings call via webcast at 8:30 a.m. Eastern time on the same day. Investors can access the webcast and a replay through Sportradar’s Investor Relations website.