Sportradar Archives

March 20, 2024

Sportradar nears upper end of FY23 revenue guidance with US growth

Sportradar generated €877.6m (£749.6m/$951.5m) in revenue over its 2023 financial year, nearing the upper end of its guidance range thanks to growth in the US.

Revenue was up by 20.2% year-on-year to €877.6m, with Sportradar’s annual outlook for 2023 initially setting a revenue target of €870m to €880m. Revenue growth was powered by increases of 30.0% in the US and 20.0% in Sportradar’s rest of world category.

Significant revenue growth led Sportradar to a total profit from continuing operations of €34.6m, up 229.5% from 2022’s total profit of €10.5m. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 32.6% year-on-year to €166.8m, close to exceeding Sportradar’s outlook range of €162m-€167m.

Adjusted EBITDA margin jumped 177 basis points from 2022 to 19.0%, with Sportradar attributing this to strong operating leverage from sports rights and personnel costs.

As of 31 December 2023, Sportradar had €497.2m in available liquidity, including und..

March 5, 2024

AI roots out 73% of suspicious matches in Sportradar’s 2023 Integrity Report

Sportradar’s annual Integrity Report revealed it had detected 1,329 suspicious matches during 2023, with AI helping to uncover nearly three quarters of all questionable activity.

Sportradar monitored close to 850,000 events during 2023 – spanning 70 sports, with a total of 1,329 suspicious events occurring across 11 of those sports.

Despite the rise in the number of detections, the actual rate of suspected manipulation remained stable at 0.21% when taking Sportradar’s enhanced artificial intelligence (AI) capabilities into account. The 1-in-467 manipulation rate was almost level with the 1-in-473 events total from 2022.

Overall, 99.5% of events had no suspicious betting take place, while no sport had a suspicious match ratio higher than 1%. Both of those statistics were the same as last year.

As per Sportradar’s expectations, football and basketball led the way for detections with 880 and 205 suspicious matches respectively. Table tennis was third with 70.

Sportradar’s integrity w..

February 27, 2024

Sportradar scores extension with Bundesliga International

Sportradar has extended and expanded its partnership with Bundesliga International, a subsidiary of the German Football League (DFL) that manages deals for the country’s top two leagues.

The global deal runs for an additional six years to the end of the 2031-32 season. Sportradar will collaborate with Bundesliga International to distribute data and audio-visual products around the world.

Sportradar will remain the official provider of betting and streaming rights for Bundesliga and Bundesliga 2. It also covers other DFL properties such as the German Supercup and relegation playoff matches.

The deal grants Sportradar the rights to sub-license video content from the Bundesliga and Bundesliga 2 to its sportsbook clients. It will also collect and exclusively distribute live match data for betting purposes.

Sportradar will also provide betting and streaming rights for all matches in the WOW Virtual Bundesliga esports offering. In addition, Sportradar will work with DFL to expand the sco..

January 30, 2024

Sportradar: Alpha Odds delivered 10% average profit increase in 2023

Sportradar has said its Alpha Odds automated odds recalculation tool delivered an average profit increase of 10% for clients during 2023 compared to its conventional odds product.

Alpha Odds from Sportradar allows operators to generate bespoke betting prices in line with their risk exposure and liabilities. Launched in 2022, Alpha Odds is currently used by more than 60 operators around the world.

The tool uses Sportradar’s artificial intelligence capabilities to predict the probability of an event taking place. This, Sportradar said, allows operators to manage their risk more.

“Since Alpha Odds’ introduction to the market in late 2022, Sportradar has transformed trading betting markets,” Sportradar’s senior vice-president of managed trading services, Darren Small, said.

In related news, the financial reconciliation aspect of Alpha Odds was independently certified by auditors PwC. The solution achieved the International Standard in Assurance Engagement (ISAE) 3402 Type 1 for matchi..

January 12, 2024

Sportradar and Asian Football Confederation renew integrity partnership

Sportradar has signed an extension to its long-term integrity partnership with the Asian Football Confederation (AFC).

The renewed integrity deal runs from 2024 to 2027. This will take the partnership between Sportradar and the AFC, which began in 2013, to 14 years.

Sportradar will continue to work with the AFC on a wide range of integrity matters. This will include a joint effort to tackle issues, such as match-fixing, in Asian football.

In addition, Sportradar said it will utilise new technologies to further improve integrity in Asian football. This will include artificial intelligence and machine learning.

The renewal was agreed last night (11 January), in the eve of the 2023 AFC Asian Cup in Qatar.

AFC hails “strategic” evolution of Sportradar relationship

The AFC president, Shaikh Salman bin Ebrahim Al Khalifa, welcomed the extended deal. He said the partnership has already helped clamp down on match-fixing in football across Asia.

“For the past 10 years, Sportradar has be..

December 12, 2023

Sportradar scores global tennis data and streaming deal with ATP

Sportradar has agreed a global data and streaming rights deal with Tennis Data Innovations (TDI), a joint venture vehicle of the Association of Tennis Professionals (ATP) and ATP Media.

The multi-year deal grants Sportradar data and streaming rights for betting, as well as media data rights. The agreement covers all tennis events on both the ATP Tour and ATP Challenger Tour.

Sportradar said the partnership will focus on driving commercial growth for tennis and also improving fan engagement opportunities. This will include developing new betting and media products.

From this month, Sportradar will use its ATP Service+ suite of solutions to boost engagement with fans by providing value-added products and services. Features in ATP Service+ include augmented streaming, expanded in-play betting markets, video highlights and personalised and targeted betting products.

Sportradar will also work with TDI to create products for media. These, it said, will showcase more in-depth statistical..

October 25, 2023

BetMGM seals Sportradar NBA tracking data deal

BetMGM will have access to products and services supported by NBA optical tracking data under an expanded partnership with Sportradar.

BetMGM will use the products to expand its in-play betting markets and its prop and parlay offerings.

Sportradar’s partnership with the NBA gives it access to player tracking data from the start of the 2023-24 season. The new NBA campaign got underway yesterday (24 October). Sportradar also exclusively provides NBA data worldwide and distributes live coverage of the league to sports betting operators globally .

Sportradar chief commercial officer Eduard Blonk said the BetMGM deal will support “the return-on-investment of our partnership with the NBA”.

“We’re pleased our value-add products and services will unlock the potential of NBA optical tracking data for BetMGM,” he said.

The NBA’s agreement with Sportradar was initially announced in 2021. As part of the deal, the league secured an equity stake in the data provider.

Jarrod Schwarz, chief prod..

October 11, 2023

Sportradar and Genius slapped with patent suit

Panda Interactive has filed two separate lawsuits in the Texas Eastern District Court accusing Genius Sports and Sportradar of patent infringement.

The suits claim Sportradar and Genius, which are both Panda competitors, implemented the company’s video streaming technology patents without authorisation.

Panda said it had developed several patents in the live data and content streaming verticals. These include technology that allows viewers to see live odds and place a bet while watching sports.

The company say competitors have “widely copied” its patents in the streaming market generally, and even more so in the online sports betting market.

“We have made substantial investments in the development of our technology and cannot tolerate having our patented technology used unfairly by others and against us,” said Panda chairman Donald Schupak.

“No one wants to see their own arsenal used against them in battle.”

Sportradar and Genius accused of patent infringement

The filings also..

October 10, 2023

Sportradar secures deal to power Taiwan Sports Lottery

Sportradar has secured a long-term contract to serve as the official technology and services solution provider to the Taiwan Sports Lottery.

The agreement runs from 2024 to 2033, with Sportradar being appointed as part of a wider consortium in Taiwan.

The consortium secured the third Sports Lottery Licence from the Taiwan government’s Sports Administration in December 2022. It also includes ADATA Technology as licence holder, Taiwan Sports Lottery Company as the operator and China Trust Bank.

Sportradar will roll out its Orako end-to-end sportsbook and player account management solution across over 2,600 retail outlets in Taiwan. Orako will also be implemented across online and mobile channels as part of an omnichannel approach.

Orako also includes managed trading services, pre-match and live data and odds, audio-visual streaming and marketing services.

The wider agreement covers the delivery of required equipment across all retail stores. This includes customised lottery termina..

August 30, 2023

Nascar seeks US betting boost through Sportradar deal

National Association for Stock Car Auto Racing (Nascar) is seeking to boost its profile within US sports betting through an expanded partnership with Sportradar.

A four-year deal between Nascar and Sportradar will now feature official betting data. The deal extends their long-term media data rights partnership that covers live timing and scoring data.

Nascar said sports betting on its events has increased exponentially since it signed its first agreement covering the sector. Betting operators saw a 51.5% year-on-year increase in the total amount of money wagered on the sport in 2022.

“As the sports industry’s leading technology company and a trusted partner of sportsbooks and media companies, Sportradar is uniquely positioned to support Nascar in capturing commercial opportunities,” said Eric Conrad, Sportradar’s executive vice-president of strategic partnerships and content.

“Our ability to leverage these rights in the marketplace will ultimately enrich the Nascar experience for f..

August 23, 2023

Sportradar scores betting data deal with US Soccer

Sportradar has entered into a global partnership with US Soccer, the national governing body for the sport, covering exclusive rights to betting data and content distribution.

Under the deal, Sportradar becomes US Soccer’s official betting data partner. Sportradar will have exclusive rights to collect, licence and distribute the federation’s official betting and media data.

The agreement enables Sportradar to provide the data to its global network of more than 900 regulated betting operators.

Sportradar also takes exclusive distribution rights for the live AV streaming of US Soccer competitions for betting purposes. This will only be available outside of the US.

The deal covers more than 111 matches per year across US men’s and women’s national team competitions.

Sportradar and US Soccer will also collaborate on the development of bespoke data-driven solutions. This is with the aim of deepening existing fan relationships, attracting and engaging new supporters and increasing oppo..

July 12, 2023

Sportradar pens extension with Caesars Sportsbook

Sportradar has signed an extension to its long-term partnership with Caesars Sportsbook, the sports wagering platform for Caesars Entertainment.

Under the deal, Sportradar provides Caesars Sportsbook with official betting data from a number of major leagues. These include the National Basketball Association, Major League Baseball and the National Hockey League.

For the first time, Caesars Sportsbook will have access to certain NBA optical tracking data. This enables Caesars to create new props and support additional growth of same-game parlays.

In addition, Sportradar will continue to provide Caesars with a suite of betting products and betting entertainment tools. These include pre-match data, content solutions, live match trackers and live data.

Read the full story on iGB North America

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Tag: Sportradar