GET DAILY SIGNALSSportradar (SRAD) Reports +24% Revenue Growth in Q3 2026 Earnings
Key Takeaways
- Sportradar reported third quarter 2026 revenue of €363 million, up 24% year over year and ahead of the consensus estimate of roughly €358 million.
- Adjusted EBITDA rose 21% to €102 million, with an adjusted EBITDA margin of 28.2%.
- Earnings per share (EPS) came in at €0.09, in line with analyst expectations.
- Growth was driven by the Betting Technology & Solutions segment, which climbed 27%, boosted by IMG content and demand from prediction market operators.
- U.S. revenue surged 47% year over year, while rest-of-world revenue increased 17%.
- Management reiterated full-year 2026 adjusted EBITDA margin expansion of 70 to 100 basis points and a long-term margin target of 30% or more.
Why This Quarter Matters for Investors
Sportradar's third quarter 2026 results provide an important update on the company's progress integrating IMG ARENA and expanding into prediction markets. The figures help clarify whether premium sports data, streaming, and betting technology can deliver sustained growth even as the firm absorbs elevated sports rights costs. With revenue advancing 24% and adjusted EBITDA margins holding above 28%, the report highlights the underlying scalability of the business. I am watching closely how Sportradar balances this top-line strength against seasonal margin effects tied to IMG content.
The Quarter's Reported Figures
SRAD posted third quarter 2026 revenue of €363 million, a 24% rise from €292 million a year earlier and slightly above the consensus estimate of about €358 million. Diluted EPS of €0.09 matched expectations. Adjusted EBITDA increased 21% to €102 million, resulting in a margin of 28.2%.
Betting Technology & Solutions contributed €297 million, up 27%, with Betting and Gaming Content rising 37% thanks to IMG contributions and interest from prediction market operators. Sports Content, Technology & Services grew 11% to €66 million. U.S. revenue jumped 47%, while rest-of-world revenue advanced 17%. Nine-month revenue reached €1,087 million, up 18% year over year. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Market Reaction and Sentiment
Heading into the report, sentiment reflected some caution over elevated sports rights costs and the margin impact of the IMG integration. The stock has been under pressure in 2026. The 24% revenue growth, in-line EPS, and reaffirmed margin targets offered reassurance, even as Managed Betting Services declined 3% year over year and sports rights expenses remained a focus. Management linked the sequential margin dip to IMG content seasonality and expects expansion in the fourth quarter and full year.
Outlook and Factors to Monitor
Management reaffirmed its full-year 2026 guidance for 70 to 100 basis points of adjusted EBITDA margin expansion, backed by revenue growth and cost control. It also pointed to a longer-term path toward margins above 30%, supported by greater visibility on sports rights expenses.
Key areas to follow include the scaling of prediction market partnerships with brokers, exchanges, and market-makers. The anniversary of the IMG ARENA acquisition in November should ease year-over-year margin comparisons. Investors will also track sports rights cost trends, which rose 54% year over year, the $157 million in share repurchases completed in Q3, and the planned $170 million sale of Atrium Sports expected to close in the fourth quarter. Regulatory moves, such as Brazil's provisional online betting ban, could affect international demand.
AI Tools in My Research Process
When analyzing names like SRAD, I frequently rely on Tickeron’s AI Screener to quickly filter opportunities across technical patterns, fundamentals, and AI-driven signals. It allows me to compare performance metrics and identify relevant trade ideas without spending hours on manual screening, which keeps my process efficient and data-focused.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
SRAD's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for SRAD turned positive on October 22, 2026. Looking at past instances where SRAD's MACD turned positive, the stock continued to rise in 41 of 50 cases over the following month. The odds of a continued upward trend are 82%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 28, 2026. You may want to consider a long position or call options on SRAD as a result. In 65 of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.
SRAD moved above its 50-day moving average on November 02, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +18.04% 3-day Advance, the price is estimated to grow further. Considering data from situations where SRAD advanced for three days, in 224 of 290 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 45 of 61 cases where SRAD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 74%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SRAD declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 81%.
SRAD broke above its upper Bollinger Band on November 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for SRAD entered a downward trend on October 23, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 2 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 58 (best 1 - 100 worst), indicating steady price growth. SRAD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 88 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 96 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.370) is normal, around the industry mean (-1.902). SRAD has a moderately high P/E Ratio (236.667) as compared to the industry average of (15.583). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.072) among similar stocks. P/S Ratio (2.627) is also within normal values, averaging (70.854).
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SRAD’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.
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