Sportradar has reported a 14% year-on-year (YoY) jump in Q3 revenue to €292.1m (£257.2m), with bosses upgrading full-year 2025 outlook as a result.

Revenue for the New York-listed supplier rose from €255.2m in Q3 2024, with growth recorded across all business divisions.

Adjusted EBITDA was up 29% YoY to €84.6m, up from €65.8m, with adjusted EBITDA margin rising from 25.8% to 29%.

However, profit slipped from €37.1m to €22.5m as FX fluctuations impacted the P&L.

Breaking revenue down by vertical, Sportradar’s betting technology and solutions arm reported a rise from €210.1m to €232.8m.

Management said existing and new customer uptake of content had driven the division forwards, along with increased turnover, higher margins and new customers for its MTS arm.

Revenue for the sports content, tech and services division jumped from €45.1m to €59.2m.

The Rest of the World dominated the revenue share with €225.5m, while revenue from the US came in at €66.6m.

The supplier consequently upped its full-year 2025 guidance, with revenue now expected to hit €1.29bn and adjusted EBITDA to come in at €290m.

Bosses said these upgrades included the addition of IMG Arena, with the deal to acquire the asset having closed earlier this week.

Sportradar also announced it will be repurchasing a further $100m worth of shares to add to the initial $200m share buyback scheme revealed in March 2024.

Carsten Koerl, Sportradar CEO, said: “The results reflect our sustained operating performance and the durability of our growth strategy.

“Our continued momentum is driven by our premium content and product portfolio, and leading technology and AI, which is enabling us to consistently drive above market growth and deliver increasing value for our clients and partners.”

On the Q3 analyst call after the results were published, Koerl was asked about Sportradar’s role in the US prediction markets arena.

The CEO said there was potential for the sector to “complement our existing business and create incremental opportunities”.

He added: “Once the framework is the right framework, then we can start to act. The market makers are playing a main role here. The market maker needs high-quality data and needs more or less zero latency. We have all of these services.”

Koerl comments reflected those of Genius Sports CEO Mark Locke, who told analysts on the supplier’s Q3 call yesterday (4 November) that prediction markets could be a “meaningful new opportunity”.

Locke noted: “While these products are nascent, they are evolving rapidly and the need for Genius official league data, marks, logos and integrity will only grow.”

The post Sportradar Q3 revenue up 14% while CEO talks up prediction markets opportunity first appeared on EGR Intel.