SRAD releases Q4 Earnings (Revenue beat)

Sportradar (NASDAQ: SRAD) released its Q4 results and 2023 outlook. I cut through the padding and here are the highlights:

• 30% revenue growth to €730.2 million ($781.3 million) above outlook range
• U.S. betting revenue grew 101%, extending its leadership position in the U.S.
• 23% AEBITDA 2022E growth to €125.8 million ($134.6 million) within range
• €243.8 million cash as of December 31, 2022 and total liquidity available €463.8 million.
• New and extended multi-year agreements with FanDuel for official NBA data, NASCAR, Turkish Basketball Federation, Australian premier cricket competitions, and Tennis Data Innovations
• 2023 revenue increase of 25% to €902.0 million to €920.0 million and AEBITDA €157.0 million to €167.0 million.

Investors should be happy with another revenue beat and AEBITDA in range. We don’t know SRAD market share but there is no indication it is fading.

Who else is impressed with this chirpy stock?