Sportradar Stock Is Rising Tuesday: What's Going On?

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Sportradar Group AG SRAD shares are trading higher Tuesday after the company outlined its growth strategy and financial outlook ahead of its Investor Day.

What Happened: Sportradar is set to hold an Investor Day on Tuesday to highlight the company’s competitive advantages and key elements of its growth strategy.

Talking points include multi-year value creation, mission-critical leadership, the growing sports betting opportunity, opportunities from adjacent markets and leveraging AI to drive efficiency and innovation.

In connection with the announcement, Sportradar provided long-term financial targets. The company said it aims to achieve 2027 revenue of at least 1.7 billion euros ($1.83 billion), representing a 15% compound annual growth rate.

Sportradar is also targeting adjusted EBITDA of at least 455 million euros in 2027 and adjusted EBITDA margin expansion of 700 basis points. The company also expects 2027 free cash flow of approximately 275 million euros.

“We look forward to sharing our vision and strategy for driving sustainable, long-term growth at our Investor Day. As the market leader in sports technology, Sportradar is uniquely positioned at the center of the sports ecosystem,” said Carsten Koerl, CEO of Sportradar.

“With our leading scale, unparalleled global distribution network and history of innovation we are confident in our ability to continue our strong momentum and deliver tremendous value for our clients, partners and shareholders.”

See Also: Veteran Investor Warns Of Rising Stagflation Risk As Tariffs Loom, Anticipates ‘Squeezed Profit Margins’ For US Businesses

SRAD Price Action: Sportradar shares were up 3.75% at $22.43 at the time of publication Tuesday, according to Benzinga Pro.

Photo: Shutterstock.

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SRADSportradar Group AG
$22.520.31%

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