All posts tagged: Sportradar

Shareholders sue Sportradar after reports alleged extensive illegal gambling operator relationships

Shareholders sue Sportradar after reports alleged extensive illegal gambling operator relationships

Published by skeptic

A proposed securities class action is targeting Sportradar Group AG after a shareholder accused the sports betting technology company of misleading investors about its compliance controls and connections to illegal gambling operators. Investor James Anthony Smale filed the lawsuit May 18 in federal court in Manhattan. The case seeks to represent people who purchased Sportradar Class A shares between November 7, 2024, and April 21, 2026. The complaint names the company along with Chief Executive Officer Carsten Koerl and Chief Financial Officer Craig Felenstein. Sportradar supplies betting data, odds services, fraud detection tools and audiovisual content to sportsbooks and sports leagues worldwide. The company works with organizations and operators including the NBA, MLB, NHL, PGA Tour, FIFA, DraftKings, FanDuel and Bet365. Its shares trade on the Nasdaq under the symbol SRAD. According to the complaint, Sportradar repeatedly assured investors that the company followed strict legal and regulatory standards when onboarding sportsbook customers. The suit says executives stressed detailed “Know-Your-Customer” screening procedures meant to verify operators were properly licensed. The filing states comments Koerl made during …

Shareholders sue Sportradar after reports alleged extensive illegal gambling operator relationships

Sportradar denies short seller claims of links to illegal betting

Published by skeptic

Sportradar pushed back hard Wednesday after a short-selling firm accused the company of having meaningful links to unlawful betting sites. “A short report issued today contains factual inaccuracies about the company, and we unequivocally challenge these assertions,” a Sportradar spokesperson told ReadWrite. NEW: @Sportradar responds to claims its profits are tied to illegal gambling revenues, saying it "demonstrates a fundamental misunderstanding of our business."   @RWW pic.twitter.com/PYSOtJxBve — Suswati Basu (@suswatibasu) April 22, 2026 The company said the report misread both its operations and the wider betting market. The spokesperson added: “The report demonstrates a fundamental misunderstanding of our business and the industry and was authored by a short seller trying to erode shareholder value and profit from stock disruption.” Callisto Research published the report and disclosed that it held a short position in Sportradar shares. It says Sportradar’s image as a sports integrity specialist conflicts with allegations that some websites using its tools or feeds operate unlawfully. Callisto said it found “over 270 individual platforms” that it says use Sportradar products or services while …

Sportradar faces antitrust lawsuit by Altenar over alleged blocking of betting data access

Sportradar faces antitrust lawsuit by Altenar over alleged blocking of betting data access

Published by skeptic

A fresh federal lawsuit is putting a spotlight on how control of sports data can shape competition in the booming US betting industry. Altenar Technologies Limited has filed suit in New Jersey against Sportradar Group AG and Sportradar AG, arguing the company used its grip on official league data to keep competitors out. The complaint, which has been reviewed by ReadWrite, brings up the issue of access to real-time “official league data,” described as “the essential input for businesses like Altenar that sell turnkey sports betting technology platforms.” NEW: Lawsuit alleges sports data giant Sportradar blocked rival Altenar Technologies from US #betting market, citing monopoly over live league data and antitrust violations @RWW pic.twitter.com/ud5ytUvxXu — Suswati Basu (@suswatibasu) April 7, 2026 Altenar says it has relied on Sportradar for years in overseas markets, paying more than $6 million annually for data feeds. But when the company tried to enter the US after nationwide legalization in 2018, it says that access was cut off. The company claims Sportradar had previously indicated US rights would be available …

Sportradar posts record 2025 revenue profits and expands major buyback program

Sportradar posts record 2025 revenue profits and expands major buyback program

Published by skeptic

Sportradar wrapped up 2025 with its strongest financial results to date, reporting record Q4 revenue, higher profits and a sharp jump in operating cash as demand for sports data, betting technology and integrity services continued to expand worldwide. The Switzerland-based sports technology company said full-year revenue reached €1.29 billion ($1.5 billion), rising 17% compared with the previous year. Profit for the period came in at €100 million ($116 million), while adjusted EBITDA climbed 33% to €297 million ($346 million). Profitability also improved, with margins reaching 23%. Today we announced our Q4 & FY 2025 earnings, with Sportradar achieving record high revenue of €1,290 million, up 17% YoY. Listen to today’s earnings call where our CEO & CFO discuss our results and take questions from analysts: https://t.co/wKtv1uUsVZ pic.twitter.com/VQogvlTSkG — Sportradar (@Sportradar) March 3, 2026 Cash generation was another key area. The company reported €403 million ($469 million) in net cash from operating activities and record free cash flow of €167 million ($194 million). Alongside the results, Sportradar announced a major expansion of its stock repurchase plan. …

Super Technologies expands Sportradar partnership to power global betting growth

Super Technologies expands Sportradar partnership to power global betting growth

Published by skeptic

Super Technologies is widening its long-standing partnership with sports technology giant Sportradar AG, a move the company says will help drive its next phase of international expansion. The group, which operates globally under the Superbet brand, has signed an agreement that gives it access to a wide range of Sportradar’s betting products and services. In return, Super Technologies has committed to an annual spend, while scaling its use of different tools up or down as its strategy shifts. Rather than locking into a fixed package, Super will be able tap into different parts of Sportradar’s portfolio as its needs change across markets. Sportradar and Super have deepened their decade-long partnership to drive growth across Europe & Latin America Built on our client-centric approach, this gives Super access to our full suite of value-add betting & iGaming solutions. Learn more https://t.co/LzDSaXyFoM pic.twitter.com/B3mtexTu3o — Sportradar (@Sportradar) February 27, 2026 The technology will be rolled out across key regulated European jurisdictions where Super already operates, with a strong emphasis on improving in-play betting and boosting customer engagement. The …

Betfred deepens technology partnership with Sportradar

Betfred deepens technology partnership with Sportradar

Published by skeptic

Betfred and Sportradar are continuing their agreement, as an extension and expansion has been agreed between the duo. As part of the arrangement, Sportradar will upgrade the retail platform technology that underpins the operations of Betfred’s 1,300 retail outlets nationwide. The sportsbook has been a part of the UK high street since the first store was opened in 1967. While the actual details of the deal aren’t yet known, it has been described as being an ‘additional multi-year scope of work’ which is said to further strengthen a partnership built over the past decade. Sportradar is building on its partnership with @Betfred to deliver a sustainable & engaging betting offering on the UK high street. Our tech will allow the operator to drive operational efficiencies while delivering a modernized betting experience, built for the future. pic.twitter.com/9Ib7deWJqu — Sportradar (@Sportradar) February 4, 2026 The Switzerland-based Sportradar has a retail platform that allows Betfred to handle ‘intense data loads’ around big sporting moments and scale in real-time as bets are placed, with the aim being to ensure …