The company reported revenue for the 12 months to 31 December 2021 amounted to €561.2m, up from €404.9m in the previous financial year.
Breaking down its performance, Sportradar said its rest of world betting segment remained its primary source of revenue, with this area of the business generating €309.4m in revenue, up 31.5% on 2020.
Rest of world audio-visual betting revenue also increased 32.4% to €140.2m, while revenue in the US jumped by 108.4% from €34.4m to €71.1m.
The company noted a number of key achievements during the year including the extension of multi-year partnerships with major sports organisations such as the National Hockey League, International Tennis Federation, German football’s Bundesliga and the National Basketball Association (NBA). In addition, Sportradar agreed new deals with the International Cricket Council and the Union of European Football Associations (Uefa).
“I am very pleased with our strong results, which illustrate how well we are delivering on our operational and growth plans. Importantly, we have good momentum going into our next fiscal year,” Sportradar chief executive Carsten Koerl said.
“We are continuing to invest in content, technology and people that will allow us to deliver profitable growth in line with our goals,” Koerl continued.
“We are particularly pleased about more than doubling our year-over-year revenues in the US, which continues its explosive sports betting growth story. Sportradar has been a leader in this market since 2014, and we’re now seeing the results of our early investment,” he added.
“We continue to see the enormous opportunity as sports betting becomes an increasingly integral part of the media entertainment fabric in the US,” Koerl concluded.
Source: GMB / iGB
