Sportradar increased third-quarter revenue by 24% to €363 million as demand grew across its betting-technology products and the United States became a larger part of the business. The sports-data supplier reported profit of €27 million, 20% more than a year earlier.
The company's third-quarter release shows that Betting Technology & Solutions generated €297 million, up 27%. Revenue from Sports Content, Technology & Services rose 11% to €66 million. Adjusted EBITDA increased 21% to €102 million, producing a margin of 28.2%.
United States revenue climbed 47%, compared with 17% growth across the rest of the world. The US represented 27% of group revenue, up from 23% in the corresponding period. Sportradar linked that expansion to premium content, new customers and demand from prediction-market exchanges and other participants.
The quarter also included contributions from IMG ARENA content acquired last year. G3 Newswire reported that betting content, streaming and data products were among the main drivers of the larger technology segment. A Spanish-language review likewise identified prediction markets as an emerging source of business rather than a replacement for traditional sportsbook customers.
Sportradar maintained its full-year outlook. The figures show stronger top-line growth and cash generation, although the adjusted EBITDA margin of 28.2% was slightly below the comparable 29.0% margin. The company also recorded foreign-exchange losses and higher financing costs during the quarter.
