Sportradar Positioned to Increase Margins Over Next Several Years, BofA Says

MT Newswires Live

Apr 22, 2025

Sportradar Group (SRAD) is positioned to increase its margins over the next several years on the back of 2023 and 2024 rights renewals, its acquisition of IMG Arena, and amid the ongoing growth of global online sports betting, BofA Securities said in a Tuesday note.

BofA said it now has "higher confidence" in Sportradar's revenue outlook, citing the company's international organic growth and upside opportunities from artificial intelligence adoption and its previously announced deal to purchase IMG Arena from Endeavor Group (EDR).

Sportradar has also improved cost control and BofA estimates that the rise in sports rights costs will slow, easing pressure on the company's margins and cash flow, according to the note.

BofA upgraded Sportradar Group to buy from underperform and raised its price target to $28 from $12.

Shares of Sportradar Group were up over 9% in recent Tuesday trading.

Price: 25.57, Change: +2.56, Percent Change: +11.13

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2529536849"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2529536849\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2529536849?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-22 23:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2529536849","market":"sh","top_or_hot":-1,"title":"Sportradar Positioned to Increase Margins Over Next Several Years, BofA Says","media":"MT Newswires Live","content":"<html><body><p> Sportradar Group (SRAD) is positioned to increase its margins over the next several years on the back of 2023 and 2024 rights renewals, its acquisition of IMG Arena, and amid the ongoing growth of global online sports betting, BofA Securities said in a Tuesday note.</p><p>BofA said it now has \"higher confidence\" in Sportradar's revenue outlook, citing the company's international organic growth and upside opportunities from artificial intelligence adoption and its previously announced deal to purchase IMG Arena from Endeavor Group (EDR).</p><p>Sportradar has also improved cost control and BofA estimates that the rise in sports rights costs will slow, easing pressure on the company's margins and cash flow, according to the note.</p><p>BofA upgraded Sportradar Group to buy from underperform and raised its price target to $28 from $12.</p><p>Shares of Sportradar Group were up over 9% in recent Tuesday trading.</p><p>Price: 25.57, Change: +2.56, Percent Change: +11.13</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sportradar Positioned to Increase Margins Over Next Several Years, BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSportradar Positioned to Increase Margins Over Next Several Years, BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-04-22 23:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Sportradar Group (SRAD) is positioned to increase its margins over the next several years on the back of 2023 and 2024 rights renewals, its acquisition of IMG Arena, and amid the ongoing growth of global online sports betting, BofA Securities said in a Tuesday note.</p><p>BofA said it now has \"higher confidence\" in Sportradar's revenue outlook, citing the company's international organic growth and upside opportunities from artificial intelligence adoption and its previously announced deal to purchase IMG Arena from Endeavor Group (EDR).</p><p>Sportradar has also improved cost control and BofA estimates that the rise in sports rights costs will slow, easing pressure on the company's margins and cash flow, according to the note.</p><p>BofA upgraded Sportradar Group to buy from underperform and raised its price target to $28 from $12.</p><p>Shares of Sportradar Group were up over 9% in recent Tuesday trading.</p><p>Price: 25.57, Change: +2.56, Percent Change: +11.13</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1878469433.USD","symbol_name":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2529536849","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529536849","pubTimestamp":1745335928,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Sportradar Group  is positioned to increase its margins over the next several years on the back of 2023 and 2024 rights renewals, its acquisition of IMG Arena, and amid the ongoing growth of global online sports betting, BofA Securities said in a Tuesday note.BofA said it now has \"higher confidence\" in Sportradar's revenue outlook, citing the company's international organic growth and upside opportunities from artificial intelligence adoption and its previously announced deal to purchase IMG Arena from Endeavor Group .Sportradar has also improved cost control and BofA estimates that the rise in sports rights costs will slow, easing pressure on the company's margins and cash flow, according to the note.BofA upgraded Sportradar Group to buy from underperform and raised its price target to $28 from $12.Shares of Sportradar Group were up over 9% in recent Tuesday trading.Price: 25.57, Change: +2.56, Percent Change: +11.13","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","BK4150":"赌场与赌博","BK4535":"淡马锡持仓","BK4108":"电影和娱乐","SRAD":"Sportradar Group AG","BK4551":"寇图资本持仓","EDR":"奋进集团","BK4539":"次新股"},"translate_title":"美国银行表示，Sportradar有望在未来几年提高利润率","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EDR":0.9,"SRAD":1},"content_text":"Sportradar Group (SRAD) is positioned to increase its margins over the next several years on the back of 2023 and 2024 rights renewals, its acquisition of IMG Arena, and amid the ongoing growth of global online sports betting, BofA Securities said in a Tuesday note.BofA said it now has \"higher confidence\" in Sportradar's revenue outlook, citing the company's international organic growth and upside opportunities from artificial intelligence adoption and its previously announced deal to purchase IMG Arena from Endeavor Group (EDR).Sportradar has also improved cost control and BofA estimates that the rise in sports rights costs will slow, easing pressure on the company's margins and cash flow, according to the note.BofA upgraded Sportradar Group to buy from underperform and raised its price target to $28 from $12.Shares of Sportradar Group were up over 9% in recent Tuesday trading.Price: 25.57, Change: +2.56, Percent Change: +11.13","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}