2023-05-10 07:26:41 ET
- Sportradar press release ( NASDAQ: SRAD ): Q1 GAAP EPS of €0.02.
- Revenue of €207.56M (+23.6% Y/Y).
- 37% Adjusted EBITDA growth.
- Adjusted EBITDA margin was 18% in the first quarter of 2023, an increase of 176 bps compared with the prior year period.
- Adjusted Free Cash Flow in the first quarter of 2023 was €12.4 million, compared with €12.9 million for the prior year period.
- U.S. segment revenue grew 55% with positive Adjusted EBITDA for third consecutive quarter.
- Annual outlook reaffirmed: Sportradar reaffirmed its annual outlook provided on March 15, 2023, for revenue and Adjusted EBITDA for fiscal 2023 as follows: Sportradar expects its revenue for fiscal 2023 to be in the range of €902.0 million to €920.0 million ($983.2 million to $1002.8 million) , representing growth of 24% to 26% over fiscal 2022.
- Adjusted EBITDA is expected to be in a range of €157.0 million to €167.0 million ($171.1 million to $182.0 million) , representing 25% to 33% growth versus last year.
- Adjusted EBITDA margin is expected to be in the range of 17% to 18%.
For further details see:
Sportradar GAAP EPS of €0.02, revenue of €207.56M; reaffirms FY23 outlook