By Karen Roman
Sportradar Group AG (Nasdaq: SRAD) said it will acquire IMG ARENA’s global portfolio of sports betting rights by the fourth quarter, adding depth to its coverage of tennis, basketball and soccer.
The company said the acquisition will accelerate revenue, adjusted EBITDA and free cash flow growth and be immediately accretive to adjusted EBITDA margins.
Sportradar also said full year revenue grew 26% to €1.1bn compared to the year prior and adjusted EBITDA increased 33% to €222 million, both above analysts’ expectations, the company said in a statement.
“Given our proven track record of maximizing ROI through our global betting rights deals and our strengthened position across tennis, basketball and soccer, we are confident in our ability to realize the full economic potential of this portfolio,” said Carsten Koerl, Founder and CEO.
Contact:
executives-edge.com
Editor@executives-edge.com
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。