Added to YB: 2024-05-16
Pitch date: 2024-04-16
SRAD [bullish]
Sportradar Group AG
+126.32%
current return
Author Info
No bio for this author
Company Info
Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in Switzerland, the United States, North America, Africa, the Asia Pacific, the Middle East, Europe, Latin America, and the Caribbean.
Market Cap
$5.6B
Pitch Price
$10.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.43
P/E
63.53
EV/Sales
4.34
Sector
Hotels, Restaurants and Leisure
Category
growth
Sportradar Sees Global Growth Opportunities, Raises Full-Year Guidance
SRAD: Leading sports data provider, up 10% on Q1 beat. Rev +28%, EBITDA +29% despite higher rights costs. Raises FY guide conservatively. US +65%, ROW +19%. 116% NRR. $200M buyback coming. AI odds product Alpha Odds boosting profits 15%+. Growth opps: Brazil, Asia, Africa, MLB, NBA, ads. Sees 25%+ EBITDA margins by 2026 vs 18% now. $1.5B+ 2026 rev, $400M EBITDA possible vs Street $1.3B/$300M on 20% CAGR. Cheap at <10x '25 EBITDA. Risks: illiquidity, league/sportsbook squeeze.
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