TLDR Sportradar’s US revenue rose 47% in Q3 2026, its fastest US growth since 2024. Total revenue climbed 24% to €362.5 million, beating analyst forecasts. New deals with Polymarket, Kalshi, Robinhood and about 10 market makers began adding to results. The company bought back $157 million of shares in the quarter as cash fell to €190 million. Brazil’s betting ban and the $170 million Atrium Sports sale are weighing on analyst forecasts.
Sportradar’s revenue in the United States rose 47% in the third quarter of 2026, its fastest US growth since 2024. The sports data company said deals with prediction market platforms helped drive the gain.
Total revenue for the three months to September 30 reached €362.5 million ($406.9 million), up 24% from a year earlier. Adjusted EBITDA rose 21% to €102 million, giving a margin of 28.2%.
Profit for the period climbed 20% to €27 million. The company also bought back $157 million of its own shares during the quarter.
Freedom Capital Markets analyst Nick McKay said the results beat both his forecasts and market expectations. Consensus had called for revenue of €358 million and adjusted EBITDA of €92.6 million.
Prediction Markets Lift US Sales
US revenue reached €98 million, or 27% of group sales, up from 23% a year earlier. The company linked the gain to market expansion, including prediction markets, and wider use of its products.
During the quarter, Sportradar expanded its Polymarket partnership to more than 20 leagues and competitions. These include the Bundesliga, EuroLeague Basketball and the tennis Grand Slams.
It also signed agreements with exchanges Kalshi and Novig, broker Robinhood and about 10 market makers. CEO Carsten Koerl said on the November 3 earnings call that these partnerships have started to contribute to results.
Sportradar did not disclose how much revenue