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Sportradar’s Betting Business Accounts For 82 Percent of Revenue in Q1 2024

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The €266 Million in first-quarter revenue increased 28% year-over-year, reaching a new high mark for Q1 revenue for the company.

Sportradar reported its Q1 2024 earnings on Wednesday, with performance that gave CEO Carsten Koerl nothing but good things to say.

First quarter revenue has more than doubled in the last three years too. “Fiscal 2024 is off to a great start, building on the strong momentum and progress we made last year.” The company’s Betting Technology & Solutions segment represented 82% of total company revenue in the first quarter as compared to 78% in the prior year quarter. Sportradar touts the largest AudioVisual content offering with 450,000 live AV streams across its 800 betting operators and has generated over 10 billion live odds changes.

Sportradar also offers Managed Trading Services , a sophisticated trading risk and liability management solution, which processed a turnover of over €9 billion in the first quarter. This represents a 28% YoY growth and ranked the company as a top bookmaker globally based on liquidity.

 

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