Sportradar reports €362.5M group revenue in Q3 2026 and grows in prediction markets

Sportradar recorded group revenue of €362.5 million in the third quarter of 2026 and maintained its full-year revenue guidance between €1.518 billion and €1.533 billion. The company attributed the increase to higher demand for sports-betting data and new deals with prediction markets during Q3 2026.

Key financial results

The group reported year-on-year revenue growth of 24% to €362.5 million and a 21% rise in adjusted EBITDA to €102 million. Adjusted EBITDA margin reached 28.2%. Sportradar also reported €73 million in quarterly free cash flow, up 12% versus the prior year.

• Sports Betting Content generated €242 million in Q3, a 37% year-on-year increase.

• Betting Technology & Solutions delivered €297 million, up 27%.

• Managed Betting Services fell 3% to €54.7 million.

Results beat analyst expectations: the company reported revenue above the consensus of €358 million and adjusted EBITDA higher than the forecast of €92.6 million. Sportradar kept its full-year adjusted EBITDA guidance between €360 million and €368 million.

US growth and prediction markets

Revenues in the United States rose 47% in the quarter to €98 million, the fastest annual rate since 2024. That figure represents 27% of group revenue, up from 23% a year earlier. The company credits much of the growth to expansion in prediction markets through agreements with Kalshi, Polymarket, Robinhood, Novig and roughly 10 market makers.

Sportradar expanded its partnership with Polymarket to cover more than 20 leagues and competitions, including the Bundesliga, the EuroLeague and the tennis Grand Slams. Management said the adoption of official data by exchanges and trading firms is “contributing financially.”

NBA and official data

The NBA designated Kalshi and Polymarket as preferred exchanges under a framework developed together with the Commodity Futures Trading Commission. Sportradar holds exclusive distribution rights for NBA betting data under a long-term agreement that covers the league through 2031.

“We are very happy that the NBA is promoting the official data as the only source to settle the markets there,” said Carsten Koerl, Sportradar CEO.

Koerl noted that greater use of official data could create more opportunities for the company, although legal disputes over prediction markets remain active in several US states.

Sale of Atrium Sports and regulatory risks

Sportradar agreed to sell Atrium Sports, its coaching and scouting business, to Teamworks Innovations for $170 million. The transaction could close before the end of 2026. Koerl said the divestment will allow Sportradar to focus on betting, gaming and media technology while retaining key data capabilities.

Freedom Capital Markets and its analyst Nick McKay estimate Atrium generated about €32 million in the first nine months of 2026. McKay also estimates that gaming restrictions in Brazil had reduced revenue by roughly €60 million annually, which could translate into a €15 million timing mismatch at Q4 2026 close.

Operational conclusion

The company maintains its 2026 revenue guidance of €1.518 billion and €1.533 billion and its adjusted EBITDA guidance of €360 million to €368 million, despite uncertainty related to the Atrium sale and regulatory restrictions in Brazil.

Sportradar says the mix of sports rights, demand for official data and new relationships with prediction markets are already impacting its results and exposure to the US market. For competition coverage and product development see the [sports](/sports) section and for regulatory matters consult [regulation](/regulation). There is also B2B analysis of partnerships and clients in [b2b](/b2b). For coverage of competitions and product development, consult the sports section and for regulatory matters see regulation. There is also B2B analysis on b2b.