Sportradar's Q3 Earnings, Revenue Advance; 2024 Revenue Guidance Lifted -- Shares Rise Pre-Bell

MT Newswires Live

2024-11-07

Sportradar Group (SRAD) reported Q3 earnings Thursday of 0.11 euros ($0.12) per diluted Class A share, up from 0.01 euros a year earlier.

Analysts polled by Capital IQ expected 0.03 euros.

Total revenue for the quarter ended Sept. 30 was 255.2 million euros, up from 201 million euros a year earlier.

Analysts surveyed by Capital IQ expected 238 million euros.

The sports technology company said it now expects 2024 revenue of at least 1.09 billion euros, up from its prior guidance of 1.07 billion euros. Analysts polled by Capital IQ expect 1.07 billion euros.

Shares of the company were up more than 7% in recent Thursday premarket activity.

Price: 13.60, Change: +0.95, Percent Change: +7.50

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