Sportradar CEO Carsten Koerl said he is targeting 2024 growth of “at least” 20 per cent after 2023 revenues rose by the same figure to €877.6m.
The revenue was driven by 20 per cent growth from Rest of World Betting and a 30 per cent rise in growth from the US.
Full-year revenue was at the upper range of the company’s forecast of between €870m and €880m.
The full-year results were fuelled by a 22 per cent Q4 revenue increase to €252.6m.
Adjusted EBITDA for Q4 was up 13 per cent to €39.5m, while full-year adjusted EBITDA climbed by 33 per cent to €166.8m.
Sportradar CEO Koerl said: “2023 was another dynamic and successful year for the company delivering our third consecutive year of more than 20 per cent revenue growth, improved profitability and margin expansion.
“We are pleased with our growth momentum, fuelled by our best-in-class content portfolio, innovative product roadmap and technology capabilities.
“For 2024, we plan to continue to scale our business globally, targeting at least 20 per cent growth in revenue and adjusted EBITDA.
“Given our market leadership and confidence in the long-term profitability and cashflow outlook for the Company, we have authorised a US$200m share buyback program.
“We remain laser focused on disciplined execution of our growth strategy and delivering tremendous value for our clients and our shareholders.”
