Sportradar US revenue jumps 47% in Q3 as prediction-market deals begin to contribute
Sportradar reported Q3 revenue of €362.5 million, up 24%, with US sales rising 47% as prediction-market agreements started to add to results. The group kept its 2026 guidance despite the Brazil betting ban and the planned Atrium sale.
GamblingSource: iGaming Business
Sportradar's US revenue grew 47% in the third quarter, the sports data group's fastest pace since 2024, as agreements with prediction-market businesses began to make a more noticeable contribution.
Group revenue for the three months to 30 September reached €362.5 million ($406.9 million), a 24% increase on the prior year. Adjusted EBITDA rose 21% to €102 million, a margin of 28.2%. Freedom Capital Markets analyst Nick McKay told iGB the figures beat both his own forecasts and consensus: revenue was above estimates of €359 million and €358 million, and adjusted EBITDA exceeded €93.5 million and €92.6 million respectively. He noted the 24.1% growth was the company's strongest of 2026 so far, helped by event timing and content rights acquired with IMG ARENA.
US revenue totalled €98 million, or 27% of group sales, up from 23% a year earlier. Sportradar attributed the growth to market expansion, including prediction markets, and broader use of its content and technology. During the quarter it widened its Polymarket partnership to more than 20 leagues and competitions, among them the Bundesliga, EuroLeague Basketball and the tennis Grand Slams. It also signed deals with exchanges Kalshi and Novig, broker Robinhood and about 10 market makers. The company did not disclose prediction-market revenue separately, and McKay cautioned the business is still early-stage and that its legal status remains a risk.
CEO Carsten Koerl spoke to analysts after the NBA signed a memorandum of understanding with the US Commodity Futures Trading Commission and named Kalshi and Polymarket its preferred prediction market exchanges. He said the league promoting official data as the sole source for settling markets was welcome, and he expects the contribution from market-maker partnerships to grow as more are added.
Sportradar kept its 2026 guidance at revenue of €1.518 billion to €1.533 billion and adjusted EBITDA of €360 million to €368 million. The outlook excludes Brazil, where a betting ban applies, but includes Atrium Sports, which the company agreed to sell to Teamworks Innovations for $170 million. McKay estimated Brazil contributed about €60 million of annual revenue, implying a fourth-quarter shortfall of around €15 million. He lowered longer-term forecasts to reflect the Atrium sale and Brazil, while saying the underlying growth opportunity remains.
Based on reporting by iGaming Business.