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Sportradar 2024 Outlook: Expects Revenue Of €1.06B (Prior €1.05B) Vs. €1.054B; Sees Adjusted EBITDA Off At Least €202M (Prior €200M)

Benzinga ·  May 15 19:13

Updated 2024 Annual Financial Outlook

Sportradar is raising its fiscal 2024 outlook for revenue and Adjusted EBITDA (non-IFRS) as follows:

  • Revenue of €1,060 million compared with prior outlook of €1,050 million, up 21% year-over-year and representing a 1-percentage point improvement in our full year growth rate.
  • Adjusted EBITDA (non-IFRS) of at least €202 million compared with prior outlook of €200 million, up 21% and representing a 1-percentage point improvement in our full year growth rate.
  • Adjusted EBITDA margin (non-IFRS) of approximately 19%.
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