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Sportradar Group's Q1 Earnings Fall, Revenue Rises; Full Year Revenue Guidance Raised
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Sportradar Group's Q1 Earnings Fall, Revenue Rises; Full Year Revenue Guidance Raised
May 15, 2024 4:55 AM

07:37 AM EDT, 05/15/2024 (MT Newswires) -- Sportradar Group AG ( SRAD ) reported a breakeven Q1 Wednesday, compared with earnings of 0.02 euros ($0.022) per diluted Class A share a year earlier.

Analysts polled by Capital IQ expected earnings of 0.05 euros.

Revenue for the quarter ended March 31 was 265.9 million euros, up from 207.6 million euros a year earlier.

Analysts surveyed by Capital IQ expected 247 million euros.

The company raised its full-year 2024 revenue guidance to 1.06 billion euros from 1.05 billion euros. Analysts surveyed by Capital IQ expect 1.053 billion euros.

Sportradar's ( SRAD ) shares were up more than 11% in recent Wednesday premarket activity.

Price: 10.60, Change: +1.10, Percent Change: +11.58

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