by Craig Felenstein

This quarter marks my second earnings as Sportradar CFO, and it’s great to see the momentum we generated in the first half of the year carrying through into the third quarter as we again delivered double-digit growth across our key metrics.

Sportradar’s unique position at the intersection of the sports, media and betting industries continues to drive performance. Our diverse product portfolio and sports content are in demand from clients globally, and we are producing broad-based revenue growth across all product groups. Performance in the US is particularly strong as we continued to outpace the market, growing 46% year on year and representing 20% of our revenues in the quarter.

Thanks to the strong foundation of Sportradar’s business, with nearly all major sports content secured for the long-term, we are at an inflection point which will allow us to drive strong multi-year revenue growth, deliver operating margin expansion, generate significant cash flow, and build additional shareholder value.

We have a long runway ahead – we will continue to drive topline growth through product innovation and development, generating value from our content portfolio and the expansion of our addressable market both in the US and around the world. At the same time, we will remain focused on operating efficiently and converting more and more of each dollar into Adjusted EBITDA and free cash flow.

I look forward to sharing more about our progress and plans in the coming quarters, and at our Investor Day in March 2025.