Sportradar reports 41 increase in Q4 2021 revenue

Sportradar has reported revenue of €152

Sportradar has reported revenue of €152.4m ($172.2m) for the 4th canton of 2021, a 41% increment from the fourth quarter of 2020.

Adjusted EBITDA for the geological period climbed 14% to €21.4m, with an Adjusted Earnings Before Interest Taxes Depreciation and Amortization border of 14%. US revenue for Q4 2021 increased past 92% to €23.2m.

For full-year 2021, revenue increased by 39% to €561.2m, “driven by warm growth crossways all business organization segments.” This figure exceeded the upper side final stage of the group’s 2021 yearly outlook array of €553-€555m. Adjusted EBITDA for the full point increased past 33% to €102m, with a security deposit of 18%.

Sportradar highlighted that yearbook revenue has surpassed €500m for the first-class honours degree clip inward the group’s history, spell it projects self-coloured yearly revenue ontogeny of 18% to 25% in fiscal 2022.

The group also noted its extended multiyear partnerships with the National Hockey League, National Basketball Association, International Tennis Federation, and Bundesliga International. It also highlighted the new deals secured with the International Cricket Council and the Federal of European Football Associations.

“I am rattling proud of(p) with our strong results, which illustrate how substantially we are delivering on our in operation(p) and growth plans,” said Sportradar CEO Carsten Koerl. “Importantly, we experience good momentum going into our next financial year. We are continuing to enthrone inwards content, engineering and people that testament grant us to drive home profitable ontogenesis in railway line with our goals.

“We are particularly proud of(p) almost more than double our year-over-year revenues inwards the United States, which continues its explosive sports betting development story.

“Sportradar has been a leader in this market since 2014, and we’re now seeing the results of our ahead of time investment. We go on to see to it the enormous chance as sports betting becomes an progressively intact voice of the media amusement textile in the US.”