Jun 2026 (Q2 FY26) — Aug 3, 2026
Sportradar Q2 FY26 — Strong Revenue Growth and Share Repurchases Amidst Guidance Revision
Read the full callSportradar (SRAD) earnings
- Jun 2026 (Q2 FY26)
- Dec 2025
Sportradar earnings: last reported Mon, 3 Aug 2026, for the quarter ended Jun 2026.
Guidance
What management said, and what became of it
11 of 11 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY26 adjusted EBITDA growth guidance (constant currency) | 34% to 37% (constant currency) | Dec 2025 | adjusted EBITDA growth of 24% to 27% on a constant currency basis | Revised Down |
| Adjusted EBITDA margin target for FY27 (3-year Investor Day target) | 27% by 2027 | Mar 2025 | all the fundamentals of the business remain exactly the same. | On Track |
20 of Sportradar Group AG's 31 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 29 more targets are in the full ledger.
Claimed
- Company revenues increased 19% year-over-year to EUR 378 million (21% constant currency).
- Adjusted EBITDA increased 19% year-on-year to EUR 76 million, achieving a 20% margin.
- Repurchased $422 million or 26 million shares under the $1 billion share repurchase program, including $190 million (13 million shares) since May.
- Free cash flow for H1 FY26 was EUR 103 million, up 23% year-on-year, with a conversion rate of 73%.
- Managed Trading Services turnover on a trailing 12-month basis reached $56 billion, up 26% compared to the prior period.
Qualified
- Full-year 2026 guidance was updated due to moderation in U.S. market growth, increased tax regulation in certain Rest of the World territories, and delayed timing of prediction market deals.
- The company reported a net loss of EUR 4 million for the quarter, compared to a profit of EUR 49 million in Q2 FY25, primarily due to unrecognized foreign currency losses of EUR 9 million.
- Adjusted other operating expenses increased 42% year-on-year to EUR 35 million, driven by Brazil operations and legal expenses.
- Adjusted personnel expenses were down 4% year-on-year to EUR 77 million, partly due to reduced bonus accrual.
Price
$12.03 +1.01% · +$0.12
Performance −54.3% 1Y
1Y: $26.35 on 17 Oct 2025 → $12.03. High $27.51 (22 Oct 2025), low $11.56 (29 Sept 2026).
- Previous close
- $11.91
- 52-week range
- $11.56 – $27.51
- One year
- −54.08%
Overview
- Symbol
- SRAD
- Sector
- Information Technology
- Industry
- Services-Computer Programming, Data Processing, Etc.
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
11 of 11 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY26 adjusted EBITDA growth guidance (constant currency) | 34% to 37% (constant currency) | Dec 2025 | adjusted EBITDA growth of 24% to 27% on a constant currency basis | Revised Down |
| Adjusted EBITDA margin target for FY27 (3-year Investor Day target) | 27% by 2027 | Mar 2025 | all the fundamentals of the business remain exactly the same. | On Track |
Claimed
- Company revenues increased 19% year-over-year to EUR 378 million (21% constant currency).
- Adjusted EBITDA increased 19% year-on-year to EUR 76 million, achieving a 20% margin.
- Repurchased $422 million or 26 million shares under the $1 billion share repurchase program, including $190 million (13 million shares) since May.
- Free cash flow for H1 FY26 was EUR 103 million, up 23% year-on-year, with a conversion rate of 73%.
- Managed Trading Services turnover on a trailing 12-month basis reached $56 billion, up 26% compared to the prior period.
Qualified
- Full-year 2026 guidance was updated due to moderation in U.S. market growth, increased tax regulation in certain Rest of the World territories, and delayed timing of prediction market deals.
- The company reported a net loss of EUR 4 million for the quarter, compared to a profit of EUR 49 million in Q2 FY25, primarily due to unrecognized foreign currency losses of EUR 9 million.
- Adjusted other operating expenses increased 42% year-on-year to EUR 35 million, driven by Brazil operations and legal expenses.
- Adjusted personnel expenses were down 4% year-on-year to EUR 77 million, partly due to reduced bonus accrual.
The full ledger
Open Sportradar Group AG’s full ledger
A free account opens 5 company ledgers a month. All 31 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Sportradar Q1 FY26 — Strong Revenue Growth Despite Headwinds, Reaffirms Full-Year Outlook
Read the full callDec 2025 (Q4 FY25) — Mar 3, 2026
Sportradar Q4 FY25 — Record Revenue and Adjusted EBITDA with Strong IMG Integration
Read the full callEvery analysed call
Sportradar earnings calls (SRAD)
Financials
What the filings say
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total liabilities | — | 973 | 1,173 | 674 | 1,519 | 1,418 | 2,226 |
| Fixed assets | — | 42 | 41 | 40 | 80 | — | — |
| Total assets | — | 1,174 | 2,006 | 1,482 | 2,483 | 2,384 | 3,375 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 164 | 186 | 150 | 179 | 286 | 367 | 474 |
| Cash from investing | -128 | -120 | -378 | -263 | -223 | -265 | -273 |
| Cash from financing | -5 | 337 | 611 | -490 | -19 | -38 | -150 |
| Capital expenditure | -8 | -2 | -7 | -9 | -16 | -6 | -6 |
| Free cash flow | 156 | 183 | 143 | 170 | 269 | 361 | 468 |
SRAD operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Change vs prior quarter |
|---|---|---|---|
| Customer net retention rate | 109%Sportradar generated revenues of EUR 369 million, an increase of EUR 62 million or 20% compared with the fourth quarter a year ago as we continue to outperform market growth by deepening our client relationships through cross-selling and upselling as demonstrated by our customer net retention rate of 109%, which excludes the contributions from IMG.Source: earnings call transcript | 108%Looking at the first quarter, Sport Radar generated revenues of $347 million, an increase of $35 million or 11% compared with the first quarter of 2025, driven by the strong uptake of IMG content, and the continued cross-sell and upsell of our products and solutions to existing clients as demonstrated by our customer net retention rate of 108%.Source: earnings call transcript | -1 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
43 filings between Mar 31, 2026 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
$11.35M
13 purchases by 7 insiders
Sales
$47.0K
2 sales by 1 insider
50% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 16
- Award — granted as compensation
- 12
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Koerl Carsten | $10.02M | — | May 6, 2026 |
| Walder Marc | $842.8K | — | Apr 30, 2026 |
| YABUKI JEFFERY W | $129.4K | — | Apr 30, 2026 |
| KURTZ WILLIAM | $103.8K | — | Apr 30, 2026 |
| Ramanathan Rajani | $100.0K | — | Apr 30, 2026 |
| Fleet George | $99.9K | — | Apr 30, 2026 |
| Bigley Deirdre Mary | $49.5K | — | Apr 30, 2026 |
| MILLER MICHAEL CONNOLLY | — | $47.0K | Oct 15, 2026 |
Latest filings (43)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | MILLER MICHAEL CONNOLLY Chief Legal Officer | Sale 10b5-1 plan | 1,840 | $22.3K |
| Oct 7, 2026 | MILLER MICHAEL CONNOLLY Chief Legal Officer | Tax withheld | 5,218 | $62.9K |
| Jun 30, 2026 | FELENSTEIN CRAIG Chief Financial Officer | Tax withheld | 3,564 | $53.4K |
| Jun 30, 2026 | FELENSTEIN CRAIG Chief Financial Officer | Award | 7,899 | $0 |
| Jun 30, 2026 | Deen Sameer Chief Operating Officer | Award | 79,417 | $0 |
| Jun 10, 2026 | MILLER MICHAEL CONNOLLY Chief Legal Officer | Sale | 1,500 | $24.8K |
| Jun 1, 2026 | FELENSTEIN CRAIG Chief Financial Officer | Award | 39,583 | $0 |
| May 20, 2026 | Bigley Deirdre Mary Director | Award | 13,167 | $0 |
| May 20, 2026 | Fleet George Director | Award | 13,167 | $0 |
| May 20, 2026 | YABUKI JEFFERY W Director | Award | 26,335 | $0 |
| May 20, 2026 | Ramanathan Rajani Director | Award | 13,167 | $0 |
| May 20, 2026 | KURTZ WILLIAM Director | Award | 13,167 | $0 |
| May 20, 2026 | Walder Marc Director | Award | 13,167 | $0 |
| May 20, 2026 | Corcoran Breon Director | Award | 13,167 | $0 |
| May 18, 2026 | Deen Sameer Chief Operating Officer | Award | 240,192 | $0 |
| May 15, 2026 | Fleet George Director | Tax withheld | 2,346 | $29.3K |
| May 15, 2026 | Walder Marc Director | Tax withheld | 479 | $6.0K |
| May 15, 2026 | Ramanathan Rajani Director | Tax withheld | 1,868 | $23.3K |
| May 15, 2026 | KURTZ WILLIAM Director | Tax withheld | 1,868 | $23.3K |
| May 15, 2026 | Bigley Deirdre Mary Director | Tax withheld | 1,868 | $23.3K |
| May 15, 2026 | YABUKI JEFFERY W Director | Tax withheld | 3,735 | $46.7K |
| May 15, 2026 | Corcoran Breon Director | Tax withheld | 817 | $10.2K |
| May 6, 2026 | Koerl Carsten Chief Executive Officer | Purchase | 157,801 | $2.13M |
| May 5, 2026 | Koerl Carsten Chief Executive Officer | Purchase | 158,000 | $2.12M |
| May 4, 2026 | Koerl Carsten Chief Executive Officer | Purchase | 182,000 | $2.44M |
| May 1, 2026 | Koerl Carsten Chief Executive Officer | Purchase | 143,000 | $1.89M |
| Apr 30, 2026 | Ramanathan Rajani Director | Purchase | 8,003 | $100.0K |
| Apr 30, 2026 | YABUKI JEFFERY W Director | Purchase | 3,000 | $39.0K |
| Apr 30, 2026 | YABUKI JEFFERY W Director | Purchase | 5,000 | $64.4K |
| Apr 30, 2026 | YABUKI JEFFERY W Director | Purchase | 2,000 | $26.0K |
| Apr 30, 2026 | Walder Marc Director | Purchase | 66,000 | $842.8K |
| Apr 30, 2026 | Koerl Carsten Chief Executive Officer | Purchase | 111,100 | $1.45M |
| Apr 30, 2026 | KURTZ WILLIAM Director | Purchase | 8,000 | $103.8K |
| Apr 30, 2026 | Fleet George Director | Purchase | 7,850 | $99.9K |
| Apr 30, 2026 | Bigley Deirdre Mary Director | Purchase | 3,940 | $49.5K |
| Mar 31, 2026 | MILLER MICHAEL CONNOLLY Chief Legal Officer | Tax withheld | 1,813 | $30.3K |
| Mar 31, 2026 | MILLER MICHAEL CONNOLLY Chief Legal Officer | Award | 17,889 | $0 |
| Mar 31, 2026 | Ritter James Scott Chief Accounting Officer | Award | 2,849 | $0 |
| Mar 31, 2026 | Ritter James Scott Chief Accounting Officer | Tax withheld | 1,698 | $28.4K |
| Mar 31, 2026 | Ritter James Scott Chief Accounting Officer | Award | 21,117 | $0 |
| Mar 31, 2026 | Koerl Carsten Chief Executive Officer | Award | 183,289 | $0 |
| Mar 31, 2026 | FELENSTEIN CRAIG Chief Financial Officer | Tax withheld | 1,513 | $25.3K |
| Mar 31, 2026 | FELENSTEIN CRAIG Chief Financial Officer | Award | 21,466 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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