In his second earnings report as Sportradar’s CFO, Craig Felenstein announced robust double-digit revenue growth for the third quarter of 2024, highlighting the company's ongoing success at the intersection of sports, media, and betting industries.
Sportradar's performance in the U.S. market has been particularly strong, with year-on-year growth of 46%, representing 20% of quarterly revenues.
The company attributes its success to a diverse product portfolio and sports content in high demand globally, supported by a solid business foundation with long-term contracts in place for most major sports content. Felenstein described this moment as an “inflection point” that will enable sustainable revenue growth, expanded operating margins, and significant cash flow generation over the coming years.
Looking ahead, Sportradar plans to drive growth through product innovation and development, maximize value from its content portfolio, and expand its market reach both in the U.S. and globally. The company will share further details on growth plans and performance at its Investor Day in March 2025.
18+ | Juegoseguro.es – Jugarbien.es
