Sportradar shares plunged 11.8% after reporting record Q4 revenue of $369 million, driven by a 20% YoY surge and a $1 billion share repurchase program expansion. Adjusteda EBITDA soared 48% to $89 million, fueled by Betting & Gaming Content growth (29% YoY) and the IMG ARENA acquisition. However, 2026 guidance failed to reassure investors, triggering the sell-off.

Full-year 2025 results showed $1.29 billion revenue (+17% YoY) and $100 million profit (7.8% of revenue), up from $34 million in 2024. Adjusted EBITDA hit $297 million (23% margin), with Sports Content & Technology revenue rising 22%. The U.S. market contributed $324 million (+23% YoY), highlighting regional strength.

For 2026, Sportradar forecasts $1.557 billion–$1.582 billion revenue (23–25% growth) and $390 million–$400 million EBITDA (+34–37% CC). Margins are expected to expand 200–225 basis points. The company has repurchased $171 million in shares since boosting its buyback authorization to $1 billion.

CEO Carsten Koerl praised "strong momentum" across segments, including Betting Technology (+15% revenue) and Sports Content (+22%). Despite robust performance, investor skepticism over near-term guidance overshadowed achievements, signaling pressure to deliver on ambitious growth targets.