2024-05-07 10:23:12 ET
Summary
- Sportradar offers investors a unique, pure-play exposure to the rapidly growing sports betting industry, with a B2B operating model, a best-in-class management team, and a strong balance sheet.
- Sportradar is a Rule of 40 company trading at 12x NTM EBITDA with a ~20% adj. EBITDA margin and 20%+ revenue growth.
- The business model includes 80% revenue on subscription, strong cash flows, high barriers to entry and exit, exclusive contracts, and high switching costs for clients.
Read the full article on Seeking Alpha
For further details see:
Sportradar: The Ultimate Sports Bet