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Sportradar beats on Q3 results, expresses optimism on MLB rights

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Sports Betting

2024-11-08

Sportradar beats on Q3 results, expresses optimism on MLB rights

Sports data company Sportradar reported third quarter revenue of more than $275 million (€255.2 million), and profit of $40 million (€37.1 million), with the latter handily beating Wall Street consensus estimates.

“We have built a strong foundation for our business with a diverse portfolio of products and broad client distribution which we are leveraging to monetize our global sports content,” CEO and founder Carsten Koerl said in prepared remarks on the call. “We have nearly all our major sports content secured long-term including, basketball, soccer, hockey and tennis.”

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