Sportradar revenue rises 24% as US and betting technology businesses grow

Sportradar has reported a 24 per cent increase in third-quarter revenue to €363m, supported by its betting technology business, the contribution from IMG ARENA and growing demand from prediction market customers. Revenue from Betting Technology & Solutions increased 27 per cent to €297m, while Sports Content, Technology & Services generated €66m, up 11 per cent. US revenue rose 47 per cent and accounted for 27 per cent of group revenue, compared with 23 per cent a year earlier. Revenue from the rest of the world increased 17 per cent.

Source: G3 Newswire