TLDR Sportradar lowered its full-year 2026 revenue and adjusted EBITDA guidance. Q2 revenue rose 19% year-on-year to €377.8 million. The company posted a net loss of €3.5 million, reversing a €49.1 million profit from a year earlier. A foreign-exchange loss and rising costs weighed on quarterly results. Betting Technology & Solutions and Betting & Gaming Content both posted double-digit growth.
Sportradar has lowered its full-year 2026 guidance for revenue and adjusted EBITDA. The change follows a second quarter with mixed results.
The company now expects adjusted EBITDA between €360 million and €368 million. That is down from a prior range of €390 million to €400 million.
Revenue guidance was also cut. Sportradar now expects €1.52 billion to €1.53 billion, down from €1.56 billion to €1.58 billion.
Growth rate targets were reduced too. Revenue growth guidance fell to 19-21% from 23-25%, and EBITDA growth guidance dropped to 24-27% from 34-37%.
Sportradar did not give a specific reason for the cut. It pointed to weaker US growth, currency pressure, and rising sports rights and operating costs.
Second Quarter Revenue Grows
Quarterly revenue reached €377.8 million. Adjusted EBITDA rose 19.5% to €76.3 million, with margin holding steady at 20.2%.
Betting Technology & Solutions revenue climbed 21.2% to €313.6 million. Growth came from sports data and betting streaming rights, including those from the IMG ARENA deal.
Betting & Gaming Content grew 27%. The same rights deal and new customer gains helped drive that increase.
Sports Content, Technology & Services revenue rose 8.8% to €64.2 million, helped by Marketing & Media Services. Sports Performance revenue fell 13%, mainly due to currency movements.
Deutsche Bank noted that both revenue and adjusted EBITDA came in below its estimates and market consensus. The largest gap was in the Sports Content, Technology & Services segment.
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