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.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.