This week, we reported our fourth quarter and full year 2025 financial results, finishing up a strong year for Sportradar by virtually every measure. Total revenue reached a record €1,290 million, up 17% year-over-year, driven by strong performance across both our Betting Technology & Solutions products and Sports Content, Technology & Services products. Adjusted EBITDA* climbed 33% to a record €297 million with margins expanding nearly 300 basis points to 23%. We generated record free cash flow* of €167 million, a clear demonstration that our operating performance is translating into sustained financial strength.
Our momentum wasn’t limited to the financials. The completion of the IMG ARENA acquisition in November significantly expanded our sports rights portfolio, adding relationships with over 70 rights holders and bringing our total annual event coverage to more than one million matches. We also deepened key partnerships including an eight-year MLB extension that made us the exclusive global distributor of ultra low latency official MLB data, a landmark deal with DAZN spanning more than 30 sports, and new broadcast agreements with NBC Sports and Peacock. These partnerships underscore the mission critical role Sportradar plays at the intersection of sports, media, and betting.
Looking ahead, we enter 2026 with strong momentum and anticipate building on the success we delivered in 2025. We are forecasting constant currency* revenue growth of 23% to 25% and Adjusted EBITDA growth of 34% to 37% for the full year with expanded margins and free cash flow generation. Reflecting our confidence in the business and our robust balance sheet, our Board has expanded our share repurchase authorization from $300 million to $1 billion and we will continue to be opportunistic while there is a discount between our share price and the fundamental strength of our business. With a differentiated content portfolio, product suite and technology platform serving an unmatched global client network, we are well positioned to continue delivering sustained value for our partners, clients, and shareholders in the year ahead.
Craig Felenstein, CFO
For our full financial results, visit: https://investors.sportradar.com/news-releases/news-release-details/sportradar-reports-fourth-quarter-and-full-year-2025-financial
*𝘕𝘰𝘯-𝘐𝘍𝘙𝘚 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘮𝘦𝘢𝘴𝘶𝘳𝘦. 𝘚𝘦𝘦 𝘵𝘩𝘦 𝘘4 𝘢𝘯𝘥 𝘍𝘠 2025 𝘦𝘢𝘳𝘯𝘪𝘯𝘨𝘴 𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯 𝘢𝘱𝘱𝘦𝘯𝘥𝘪𝘹 𝘧𝘰𝘳 𝘥𝘪𝘴𝘤𝘭𝘰𝘴𝘶𝘳𝘦 𝘰𝘧 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘥𝘦𝘧𝘪𝘯𝘦𝘥 𝘵𝘦𝘳𝘮𝘴 𝘢𝘯𝘥 𝘳𝘦𝘤𝘰𝘯𝘤𝘪𝘭𝘪𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘯𝘰𝘯-𝘐𝘍𝘙𝘚 𝘮𝘦𝘢𝘴𝘶𝘳𝘦𝘴 𝘢𝘷𝘢𝘪𝘭𝘢𝘣𝘭𝘦 𝘩𝘦𝘳𝘦: https://investors.sportradar.com/static-files/4c8db5a7-926a-42ea-bb81-066b4e590c69
