What is the market's earnings forecast for Sportradar Group next quarter?

What is Sportradar Group's latest dividend and current dividend yield?

What were the key takeaways from Sportradar Group’s earnings call?

What is the revenue and EPS growth rate for Sportradar Group year over year?

Did Sportradar Group beat or miss consensus estimates last quarter?

What factors drove the changes in Sportradar Group's revenue and profit?

What guidance did Sportradar Group's management provide for the next earnings period?

What is Sportradar Group's gross profit margin?

- **Record Q3 Growth**: EUR 292 million revenue (+14% YoY), 29% EBITDA margin, and EUR 149 million free cash flow highlight strong execution.
- **IMG Synergies**: EUR 225 million financial benefit and 2026 EBITDA margin expansion of 250bps via 700+ new client integrations.
- **AI Innovation**: Generative basketball models and 4Sight Streaming drive engagement, with MTS managing EUR 48 billion annually.
- **Guidance Raise**: 2025 revenue to EUR 1.29 billion (+17%), EBITDA to EUR 290 million (+30%), with 2026 growth of 23-25% (constant currency).
- **Share Buyback**: EUR 300 million program reflects confidence in long-term value creation.

**【CEO Summary Section】**
- Q3 2025 revenue reached EUR 292 million, up 14% YoY, driven by organic growth and the IMG Arena acquisition. Adjusted EBITDA rose 29% to EUR 85 million, with a record 29% margin.
- IMG Arena adds EUR 225 million in financial considerations, enhancing content and AI-driven products like generative basketball models.
- Managed Trading Services (MTS) turnover grew 25% YoY, managing EUR 48 billion annually, with a 11% margin advantage.
- Expanded media partnerships (e.g., DAZN, NBC) and AI innovations (e.g., 4Sight Streaming) boost engagement and monetization.
- Share repurchase program increased to EUR 300 million, reflecting confidence in long-term growth.

**【CFO Financial Commentary】**
- Full-year 2025 guidance raised to EUR 1.29 billion revenue (+17%) and EUR 290 million EBITDA (+30%), with 240bps margin expansion.
- Q3 free cash flow of EUR 149 million (72% conversion) supports growth and M&A, with 2026 revenue growth expected at 23-25% (constant currency).
- IMG Arena is margin-accretive, with 2026 EBITDA margin expansion of 250bps, driven by synergies across 800+ clients.
- Cost control maintained, with personnel expenses down 260bps as a percentage of revenue.

**【Q&A Highlights】**
- **IMG Integration**: Early discussions with leagues like NHL and MLB show interest in new AI products; 2026 revenue synergies expected from 700+ new clients.
- **Prediction Markets**: Sportradar sees limited share in exchanges but offers data and risk management services to licensed operators.
- **iGaming Expansion**: Testing holistic client acquisition in Brazil, with potential U.S. expansion leveraging existing sports betting infrastructure.
- **Integrity Services**: AI-driven GenAI tools detect anomalies, supporting leagues and regulators, though not a major profit driver.
- **FX Impact**: 2025 revenue growth headwinds from USD/EUR weakness, but 2026 guidance excludes FX for clarity.

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