Sportradar Group, a global sports technology company focused on creating immersive experiences for sports fans and bettors, has announced its financial results for the third quarter ended September 30.
Carsten Koerl, CEO of Sportradar, said: “As the leader in our industry, we aim to consistently deliver value to our clients, partners and shareholders.
"For 2023 we remain on track to deliver a strong growth year and are well positioned to maintain that momentum into 2024.
"This week we announced a reduction in our global workforce as part of a broader set of strategic initiatives that will enable us to further strengthen our client-centric organisation and focus on the market opportunities ahead of us.”
Revenue in the third quarter of 2023 increased 12 per cent compared with the third quarter of 2022 to €201m, with growth across all segments.
Total profit from continuing operations for the third quarter of 2023 was €4.6m compared with €12.8m for the same quarter last year.
The company’s adjusted EBITDA for the same period increased 38 per cent to €50.5m compared with the third quarter of 2022, primarily due to strong revenue growth and higher operating leverage.
