By SectorWire desk ·
The report said that Sportradar SRAD · USD 11.91 2026-10-16 Data cut its 2026 revenue and adjusted EBITDA forecasts amid currency and cost pressures. Second-quarter revenue nevertheless grew 19%.
The forecast reductions lower expectations despite quarterly revenue growth.
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The dispute concerns competitors’ access to official data used to price and manage live betting markets.
The forecast and sports share indicate the scale of a growing market in which established US bookmakers are seeking a larger presence.
Investors saw six of nine tracked stocks gain during a week featuring Sportradar’s sale agreement and Citi’s Flutter upgrade.
The agreed sale would transfer Sportradar’s Synergy coaching business for $170m while leaving it with some technology assets.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
Sportradar retains exclusive worldwide betting data and audiovisual distribution for more than 650 Euroleague Basketball games annually through 2031.