Sports data and technology heavyweight Sportradar has released its financial report for the second quarter (Q2) of the 2025 calendar year, headlined by strong continued revenue growth that has seen the firm increase its full-year earnings outlook.
Revenue across the quarter (April-June) grew to a company record €318 million ($367.9 million), up 14% year-on-year (YoY) on the equivalent quarter in 2024.
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The firm points to growing client spending, increased U.S. revenues, and bettered managed trading services results as key drivers behind this.
In addition to the revenue boost, overall earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 31% YoY up to €64 million.
That drastic increase in quarterly revenue has ultimately led to Sportradar growing its full-year revenue outlook to €1.28 billion, which would represent an increase of 16% on the 2024 calendar year, with annual EBITDA up 28% to €284 million.
Speaking on the strong growth figures, Sportradar founder and chief executive Carsten Koerl commented: “Our second quarter results, including record quarterly revenue, expanding operating margins, and significant cash flow, reflect our sustained operating momentum and execution against our growth strategy.
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By GlobalData“Our industry-leading scale, including our premium content and product portfolio and leading technology and AI, is driving customer uptake and above-market growth. The inherent leverage in our business, combined with our focus on efficiencies, is driving sustainable margin expansion and cash flow generation.”
Over the quarter, Sportradar confirmed the takeover of the IMG Arena business with a view to strengthening its own position in the global sports market.
Koerl continued: “Looking ahead, given our momentum, we are raising our full year expectations and anticipate the acquisition of IMG Arena will further expand our capabilities, creating even greater value for our clients, partners, and shareholders.”
Continued growth has been powered, Sportradar claims, by the increased global expansion of sports betting and the entrenchment of its position in prominent sports competitions, something that has necessitated greater betting data coverage and integrity supervision that Sportradar provides.
One such area has been Brazil, where Sportradar expects the regional sports betting market to grow at a compound annual growth rate of 17%.
Earlier in 2025, Sportradar spoke to Sportcal (GlobalData Sport) about the Brazilian market specifically and how the major shift towards sports betting growth will present moving forward amid a backdrop of growing regulatory scrutiny.
Sportradar’s managing director for Brazil, Sergio Floris, commented: “We believe that the growth and regulation of the sports betting industry, the global appeal of Brazilian football, and broader economic conditions point to continued long-term growth. Brazil is establishing a regulated market that offers a stable environment for operators, fostering investment.
“We are confident that the market will keep growing, attracting more participants, and that betting companies will either maintain or increase their sponsorship investments to stay competitive. The success of Brazilian clubs, particularly in continental competitions, enhances their global visibility, making them highly attractive to sponsors seeking a wide audience.”
