These Analysts Cut Their Forecasts On Sportradar Group Following Weak Q2 Results
Sportradar Group AG (NASDAQ:SRAD) on Monday reported worse-than-expected second-quarter financial results and cut its FY26 sales guidance below estimates.

Sportradar Group AG is a global enterprise, operating with its subsidiaries, that specializes in providing sophisticated sports data services primarily to the ...
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Est. EPS $0.09 · Revenue $363.65M · 4 analysts
Est. EPS $0.17 · Revenue $444.41M · 3 analysts
Est. EPS $0.23 · Revenue $1.54B · 8 analysts
Est. EPS $0.07 · Revenue $396.53M · 1 analysts
EPS €-0.01 · Revenue €384.07M
EPS €-0.02 · Revenue €352.22M
EPS €0.30 · Revenue €1.24B
EPS €0.07 · Revenue €292.05M
EPS €0.15 · Revenue €317.79M
EPS €0.08 · Revenue €311.23M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.2B | +12.0% | +9.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $96.4M | +182.2% | +44.0% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +21.1% | -62.8% | +2.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +9.1% | -25.5% | +40.7% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +7.8% | +152.0% | +48.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $174.7M | +39.4% | +148.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +14.1% | +24.5% | +128.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 6.4% | +27.2% | +13.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.17x | -23.9% | -7.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.9B | +25.1% | -6.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.30 vs 0.40 | -25.0% | -0.01 vs 0.09 | -112.8% |
| Revenue Surprise | $1.2B vs $1.3B | -4.0% | $384.1M vs $363.6M | +5.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | FELENSTEIN CRAIG | officer: Chief Financial Officer | Class A Ordinary Shares | A | 7,899 | — |
| Jun 30, 2026 | FELENSTEIN CRAIG | officer: Chief Financial Officer | Class A Ordinary Shares | D | 3,564 | $14.97 |
| Jun 30, 2026 | Deen Sameer | officer: Chief Operating Officer | Class A Ordinary Shares | A | 79,417 | — |
| Jun 10, 2026 | MILLER MICHAEL CONNOLLY | officer: Chief Legal Officer | Class A Ordinary Shares | D | 1,500 | $16.50 |
| May 20, 2026 | KURTZ WILLIAM | director | Class A Ordinary Shares | A | 13,167 | — |
Operator: Hello, everyone. Thank you for joining us, and welcome to the Sportradar Second Quarter 2026 Earnings Call. [Operator Instructions] I will now hand the conference over to Jim Bombassei, Senior Vice President, Investor Relations and Corporate Finance. Please go ahead. James Bombassei: Thank you, operator. Hello, everyone, and thank you for joining us for Sportradar's Earnings Call for the Second Quarter of 2026. Please note that the slides we will reference during the presentation can be accessed via the webcast on our website at investors.sportradar.com and will be posted on our website at the conclusion of this call. A replay of today's call will also be available on our website. After our prepared remarks, we'll open up the call to questions from analysts and investors. In the interest of time, please limit yourself to one question and one follow-up. Please note that some of the information you will hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue and future business outlook. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. For more information, please refer to the risk factors discussed in our annual report on Form 20-F and Form 6-K filed with the SEC, along with the associated earnings release. We assume no obligation to update any forward-looking statements or information, which speak as of their respective dates. Also during today's call, we will present IFRS and non-IFRS financial measures and operating metrics. Additional disclosures regarding these measures and metrics including a reconciliation of IFRS to non-IFRS measures are included in the earnings release, supplemental slides in our filings with the SEC, each of which is posted to our Investor Relations website. We may also discuss certain forward-looking non-IFRS financial measures that cannot be reconciled to the most directly comparable IFRS financial measure without unreasonable efforts. Joining me today are Carsten Koerl, our CEO; and Craig Felenstein, our CFO. And now I'll turn the call over to Carsten. Carsten Koerl: Good morning, everyone, and thank you for joining us. Today, I will discuss our second quarter results and operations, including our continued success monetizing IMG ARENA content as well as our product innovation across key sports. I will also discuss the progress we are making against our key strategic priorities as we capitalize on prediction markets and continue to roll out of iGaming. Sportradar is a mission-critical provider position at the intersection of sports betting and media industries. We are executing on a number of strategic initiatives that we are expanding our addressable market and will ensure our long-term success. This will enable us to drive durable and profitable growth along with substantial cash flow. Now turning to our second quarter results. Today, company revenues …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Carsten Koerl | Founder, Chief Executive Officer & Director | EUR 1,860,184 | Male | 1966 | Active |
Craig I. Felenstein | Chief Financial Officer | EUR 681,535 | Male | 1973 | Active |
Severine Riviere | Chief People Officer | — | Female | — | Active |
Behshad Behzadi | Chief Product, Technology & AI Officer | — | Male | — | Active |
Eduard H. Blonk | Chief Commercial Officer | — | Male | 1972 | Active |
James Bombassei | Senior Vice President of Investor Relations & Corporate Finance | — | Male | — | Active |
Michael Connolly Miller | Chief Legal Officer, Chief Administrative Officer & Corporate Secretary | — | Male | 1973 | Active |
Sameer Deen | Chief Operating Officer | — | Male | 1975 | Active |
Christin Courtney Armacost | Manager of Investor Relations | — | Female | — | Active |
Eric Conrad | Managing Director of Strategic Partnerships & Content of North America | — | Male | — | Active |
Sportradar Group AG (NASDAQ:SRAD) on Monday reported worse-than-expected second-quarter financial results and cut its FY26 sales guidance below estimates.

Sportradar Group AG (SRAD) Q2 2026 Earnings Call Transcript

Sportradar Group NASDAQ: SRAD reported second-quarter revenue growth of 19% as demand for its betting content, streaming, data and engagement products remained strong, while the company lowered its full-year outlook to reflect slower traditional U.S. sportsbook growth, regulatory and tax headwinds in some international markets, and timing delays for prediction-market agreements.

Sportradar Group AG (SRAD) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.06. This compares to earnings of $0.17 per share a year ago.

Second Quarter 2026 Highlights Revenue increased 19% to €378 million Loss for the period of €4 million, 0.9% as a percentage of revenue with increased operating results offset by unrealized foreign currency losses Adjusted EBITDA1 increased 19% to €76 million and Adjusted EBITDA margin1 expanded to 20.2% Net cash from operating activities increased 20% to €117 million and Free cash flow1 increased 14% to €59 million Repurchased $140 million of shares during the quarter under the share repurchase plan Upsized revolving credit facility to €250 million, lowering fees and extending maturity to 2031 Entered into strategic partnerships with leading prediction market exchanges, expanding total addressable market ST. GALLEN, Switzerland, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Sportradar Group AG (Nasdaq: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced financial results for its second quarter ended June 30, 2026.
