Sportradar 2024 Outlook: Expects Revenue Of €1.06B (Prior €1.05B) Vs. €1.054B; Sees Adjusted EBITDA Off At Least €202M (Prior €200M)
Portfolio Pulse from Benzinga Newsdesk
Sportradar has updated its fiscal 2024 outlook, raising its revenue forecast to €1.06 billion from €1.05 billion and its Adjusted EBITDA to at least €202 million from €200 million. This represents a 21% year-over-year growth and a 1-percentage point improvement in the full-year growth rate.
May 15, 2024 | 11:13 am
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Sportradar has raised its fiscal 2024 revenue forecast to €1.06 billion and Adjusted EBITDA to at least €202 million, indicating a 21% year-over-year growth.
The updated financial outlook with increased revenue and Adjusted EBITDA forecasts suggests strong performance and growth potential for Sportradar. This is likely to positively impact the stock price in the short term.
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