Sportradar Group AG (NASDAQ:SRAD) on Tuesday reported worse-than-expected first-quarter financial results.
Sportradar reported quarterly losses of 2 cents per share which missed the analyst consensus estimate of earnings of 6 cents per share. The company reported quarterly sales of $405.773 million which missed the analyst consensus estimate of $420.560 million.
Sportradar affirmed its FY2026 sales guidance of $1.813 billion-$1.842 billion, versus market estimates of $1.830 billion.
Carsten Koerl, Chief Executive Officer of Sportradar, said: “Sportradar’s first quarter growth reflects our premier position as the scaled leader in the expanding global sports data ecosystem. We continue to deepen our relationships across our expansive distribution network, providing …