Sportradar Group AG SRAD shares are trading higher after the company reported better-than-expected third-quarter sales results and raised its full-year 2022 revenue guidance.
Sportradar reported quarterly sales of $175.20 million which beat the analyst consensus estimate of $172.08 million.
The company also raised its full-year 2022 revenue guidance from a range of €695 million to €715 million to a new range of €718 million to €723 million.
Sportradar Group AG is a technology platform enabling next-generation engagement in sports, and a provider of B2B solutions to the global sports betting industry.
According to data from Benzinga Pro, Sportradar shares were up about 14% at $11.57 per share on Wednesday at the time of publication.
The stock has a 52-week high of $24.54 and a 52-week low of $7.10.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
