Sportradar posts €362.5m in Q3 as US revenue and prediction-market deals climb
Group revenue up 24% in Q3 2026; Atrium Sports sale agreed for $170m as US share rises to 27%.
Key Takeaways
- Sportradar reported Q3 2026 group revenue of €362.5 million, up 24% year‑on‑year.
- US revenue rose 47% to €98 million and now represents 27% of group revenue.
- Adjusted EBITDA increased 21% to €102 million with a 28.2% margin and €73 million free cash flow.
- Sportradar agreed to sell Atrium Sports to Teamworks Innovations for $170 million.
- Prediction-market partnerships with Polymarket, Kalshi, Robinhood and others contributed to US growth.
Sportradar reported group revenue of €362.5 million for Q3 2026, a 24% year-on-year increase, and said US revenue rose by 47% in the quarter to €98 million. Adjusted EBITDA increased 21% to €102 million, and management maintained its 2026 revenue guidance at €1.518 billion to €1.533 billion.
Q3 headline results and guidance
Group revenue reached €362.5 million in Q3 2026, with adjusted EBITDA at €102 million and an overall adjusted EBITDA margin of 28.2%. Management reiterated full-year adjusted EBITDA guidance of €360 million to €368 million. The company generated €73 million in quarterly free cash flow, up 12%.
Sportradar said the quarterly revenue beat the market consensus of €358 million, while adjusted EBITDA exceeded an analyst forecast of €92.6 million, according to Freedom Capital Markets analyst Nick McKay.
Atrium Sports sale and near-term headwinds
Sportradar agreed to sell Atrium Sports, its coaching and scouting business, to Teamworks Innovations for $170 million, with the transaction expected to potentially close before the end of 2026. CEO Carsten Koerl said the disposal will allow the company to concentrate on betting, gaming and media technology while keeping key data capabilities.
Nick McKay estimated Atrium generated approximately €32 million during the first nine months of 2026. The company also flagged Brazil gambling restrictions as a headwind: McKay estimated Brazil had previously contributed roughly €60 million in annual revenue, creating a potential €15 million shortfall during Q4 2026.
Prediction markets lift US revenue share
Sportradar named prediction market agreements as a material driver of US growth, expanding partnerships with Polymarket and Kalshi and adding deals with Novig, Robinhood and about 10 market makers. The firm expanded its Polymarket coverage to more than 20 sports leagues and competitions, including Bundesliga football, EuroLeague Basketball and Grand Slam tennis.
US revenue reached €98 million in Q3, representing 27% of group revenue, up from 23% a year earlier. Management confirmed the prediction-market partnerships are already contributing financially but did not disclose the exact revenue split attributable to prediction markets.
"We are very happy that the NBA is promoting the official data as the only source to settle the markets there," CEO Carsten Koerl said, referencing the NBA's selection of preferred prediction market exchanges.
Sportradar holds exclusive NBA betting data distribution rights under a long-term agreement through 2031. The NBA's move to designate Kalshi and Polymarket as preferred prediction market exchanges was developed alongside the Commodity Futures Trading Commission, and Sportradar said that strengthens demand for official league data. See more on sports partnerships in our /sports coverage.
Product and segment performance
Betting & Gaming Content produced €242 million in Q3, up 37% year-on-year, reflecting additional IMG ARENA sports rights, existing customer spend and new prediction market clients. Betting Technology & Solutions revenue reached €297 million, up 27%. Managed Betting Services declined 3% to €54.7 million following unfavourable sporting results. For broader market and regulatory context, see reporting on /regulation and /b2b.
Sportradar said it is narrowing its business focus while expanding sports data services for both traditional sportsbooks and the growing prediction-market segment. The company retained its full-year revenue and adjusted EBITDA guidance despite the disposal plan and regulatory headwinds.
Frequently Asked Questions
When were Sportradar's Q3 2026 results announced and what were the main figures?
Sportradar reported Q3 2026 results showing group revenue of €362.5 million and adjusted EBITDA of €102 million. US revenue rose 47% to €98 million and free cash flow for the quarter was €73 million, up 12%.
How much will Sportradar receive from the Atrium Sports sale?
Sportradar agreed to sell Atrium Sports to Teamworks Innovations for $170 million, with the transaction expected to potentially close before the end of 2026.
Did Sportradar disclose how much revenue comes from prediction markets?
No, Sportradar did not disclose a precise revenue figure from prediction markets; management confirmed the Polymarket, Kalshi and other partnerships are already contributing financially but did not provide a breakdown.
What guidance did Sportradar give for full-year 2026?
Sportradar maintained its 2026 revenue guidance at €1.518 billion to €1.533 billion and kept full-year adjusted EBITDA guidance of €360 million to €368 million.
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About the author
Tessa Coleman
Betting Markets Correspondent
Tessa Coleman covers betting products and markets — sportsbook launches, odds and trading technology, and the fast-growing prediction-market space from regulated exchanges to event contracts. The stories lead with the product or the ruling, name the operators and platforms precisely, and translate trading jargon into what bettors can actually do. When a book reworks its pricing or a prediction market wins a license fight, Tessa Coleman explains the mechanics and the stakes.
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