Sportradar reports good financial results for 2022’s Q1

Sportradar reports good financial results for 2022’s Q1

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Sportradar reports good financial results for 2022’s Q1

Sportradar has reached its full year commercial and US growth for 2022.

They reported that they have noticed a growth in their income, especially on the US market. Compared to last year it increased by 124% (25.7 million euro).

Following coronavirus related savings and higher prices, Earnings before Interest, Taxes, Depreciation, and Amortization dropped by 5% (26.4 million euro).

For the 1st quarter of this year, the regulated Earnings before Interest, Taxes, Depreciation, and Amortization margin was 16% in comparison with last year’s 22%. Regulated Free Cash Flow had a 100% increase (12.9 million euro) and for the end of March cash equivalents amounted to 715.5 million euro. 

Company also had a good NRR, which grew by 121% at the end of this year’s 1st quarter, and during the same time last year it was 107%. According to them this is the result of successful cross-sell and upsell strategies worldwide. 

It was noted that they reiterated the outlook for 2022’s financial performance, the profit was expected to be increased by 18% to 255 (665 to 700 million euros). Regulated EBITDA was to be grown by 21% to 30% (123 to 133 million euros), with 18.5% to 19% regulated EBITDA margin. 

Sportradar’s chief executive officer C. Koerl stated that their fiscal 2022 was off to a good start, with their business growing globally.

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