Sportradar released its first quarter report up to March 31, 2025.

Revenue increased by 17% year-over-year, reaching 311 million euros ($345.4 million), thanks to significant growth reported across multiple divisions.

Looking at different divisions, the betting technology and solutions division grew by 14%, reaching 250 million euros, with the betting and gaming content division generating 193.8 million euros and the managed betting services division generating 56.2 million euros, growing by 13% and 16% respectively.

The sports content, technology, and services products saw the most significant revenue growth, reaching 61.2 million euros, an increase of 33%.

Among them, marketing and media services revenue was 46.6 million euros, up 36%; sports performance revenue was 11.4 million euros, up 23%; integrity services revenue was 3.19 million euros, up 33%.

Looking at the revenue distribution by region, 225.1 million euros came from the rest of the world, a 12% increase year-over-year.

The United States saw a growth of 31%, reaching 86.1 million euros.

The company also noted that profits grew exponentially, with profits for this quarter at 24.3 million euros, compared to a loss of 649,000 euros in the first quarter of 2024.

Sportradar attributed this to "higher equity incentives and amortization of capitalized sports licensing fees compared to the first quarter of last year."

The adjusted EBITDA also rose by 25%, reaching 59 million euros, which the company explained was due to the development of the product portfolio.

Sportradar CEO Carsten Koerl stated: "We had a strong start to the year, setting a new high for quarterly revenue as our leading product suite and diversified global business achieved broad growth, while also expanding profit margins and cash flow.

"Our ongoing momentum builds on last year's success, proving the resilience of our business and our key role in the expanding sports ecosystem.

"This quarter, we also enhanced our leading content portfolio by extending and expanding our partnership with Major League Baseball, and signing an agreement to acquire the IMG Arena sports betting rights portfolio."

Sportradar's net customer retention rate for the quarter was 122%.

This quarter, Sportradar announced its agreement to acquire IMG Arena and its global sports betting rights portfolio, extend its cooperation with Major League Baseball (MLB) for eight years, sign a cooperation agreement with the Brazilian Volleyball Confederation (CBV), and extend its cooperation with the Brazilian Football Confederation (CBF).

Based on these results, Sportradar reiterated that it expects revenue to reach 1.27 billion euros by the end of this fiscal year, with adjusted EBITDA reaching 281 million euros.

Koerl concluded: "We are very excited about the unique opportunities these valuable assets will provide to our customers and look forward to creating more value for our shareholders in 2025 and beyond."