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

  • 📰 Covers
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 341. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dave and Buster’s is getting into the betting businessYou can already bet real money on basketball, baseball, and football – so why not Skee-Ball, Hot Shots basketball or Dance Dance Revolution?
Source: CNN - 🏆 4. / 95 Read more »

Dave and Buster’s is getting into the betting business — with its popular arcade gamesDave & Buster's is set to launch a betting feature in its app through a partnership with Lucra, allowing wagers on arcade games.
Source: dothaneagle - 🏆 337. / 59 Read more »