Financial corporation Sportradar announces the publication of its FY24 report, verifying the acquisition of IMG ARENA.

Sportradar, a leading global provider of sports data and content, has announced its Q4 and full-year results for 2024, along with a major acquisition deal.

In the final quarter of 2024, Sportradar reported a loss of EUR 1 million due to foreign currency fluctuations. However, the company's revenue soared 22% to EUR 307 million, and adjusted EBITDA increased 53% to EUR 61 million. These strong figures mark a significant turnaround from the loss, demonstrating the company's resilience and growth.

For the full year of 2024, Sportradar reported a revenue of EUR 1.1 billion, an increase of 26% year-on-year. The company's profit for the year stood at EUR 34 million, and free cash flow more than doubled at EUR 118 million, up 133% year-on-year.

Sportradar's customer net retention rate also increased to 127% in FY 2024, reflecting the strong loyalty and satisfaction of its customer base.

The company ended 2024 with EUR 348 million in cash and cash equivalents, an increase from EUR 277 million as of December 31, 2023. Including its undrawn credit facility, Sportradar had a total liquidity of EUR 568 million on December 31, 2024, and no debt outstanding.

In a move to further strengthen its position in the market, Sportradar announced a major new acquisition deal. The company will acquire IMG ARENA in a $225 million deal. IMG ARENA's portfolio of betting rights comprises relationships with approximately 70 rightsholders covering approximately 39,000 official data events and 30,000 streaming events.

This guidance does not include any potential impact from the acquisition of IMG ARENA. Sportradar expects adjusted EBITDA to increase by at least EUR 281 million, which would mark YOY growth of at least 26%.

Sportradar has also extended its partnerships with major sports organisations. In 2024, the company extended its MLB partnership for 8 years and extended its agreement with UEFA to cover all UEFA Club and National team competitions. The company also announced a long-term partnership with UTR Sports.

The acquisition of IMG ARENA is expected to close in the first half of 2025. Under the agreement, Sportradar will not be required to pay any financial consideration to the Endeavor Group. The company will acquire IMG ARENA for a total of $225 million, including an upfront payment of $125 million in cash and up to $100 million in cash repayments to certain sports rightsholders.

Sportradar also repurchased $5.7 million of shares under its share buyback plan in Q4 of 2024. The company has published its 2025 guidance, expecting its revenue for 2025 to reach EUR 1.27 billion, representing year-on-year growth of at least 15%.

With these strong results and strategic acquisitions, Sportradar is well-positioned to continue its growth and success in the sports data and content market.

Financial corporation Sportradar announces the publication of its FY24 report, verifying the acquisition of IMG ARENA.