Sportradar Group Ag Delivers Strong Q4 2023 Earnings and Outlines Growth Strategy
Wednesday, 20 March 2024, 22:45
Sportradar Group Ag Q4 2023 Earnings Call Highlights
Sportradar Group Ag (NASDAQ: SRAD) reported strong revenue and EBITDA growth in Q4 2023, exceeding guidance expectations. Key highlights include:
- Revenue up 20%, EBITDA up 33%
- Successful bid for global ATP data rights
- New partnerships with NBA, NASCAR, and Bundesliga
- Expansion of Sportsbook solution to over 2,600 outlets
Strategic Focus for 2024
In 2024, Sportradar plans to continue its growth trajectory by focusing on:
- Increasing recurring client revenue streams
- Driving profitability through operational leverage
- Expanding product offerings and enhancing client value
The company aims to deliver at least 20% revenue and EBITDA growth, with a strong emphasis on sustainable profitability.
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