Sportradar Q2 earnings also noted an adjusted EBITDA of S48.8m, indicating a 22% increase on the previous year.
It added 46 new betting clients to its core trading product in Q2. That resulted in $9bn of turnover being processed via its platform between April and June.
Its betting technology and solutions division revenue grew 30% to $229.1m during the period. Revenue for its sport content, technology and services arm also increased 22% and came in at $49.3m. The betting technology arm accounted for 82% of total company revenues.
Managed Betting Services grew $9m driven by higher trading margins and increased betting activity from new and existing customers.
Net cash reserves were $15.26m by the end of Q2.
We at Sports Tech Atlanta were lucky to have worked with Sportradar in a small way over the last few months highlighting their tech overlay at Indian Wells and speaking with Luka Pataky on how Ai is driving sports tech and what they are working on.
Below are a few highlights from our time with Luka Pataky of Sportradar and our video on the augmented overlay technology that Sportradar rolled out at Indian Wells earlier this year.
Luka Pataky on implementing data