Sportradar Group Raised FY24 Revenue Outlook To €1.070B, Up From Prior €1.060B Vs €1.063B Est
Portfolio Pulse from Benzinga Newsdesk
Sportradar Group has raised its fiscal year 2024 revenue outlook to €1.070 billion, up from the prior €1.060 billion, and adjusted EBITDA to at least €204 million, up from €202 million. This represents a 22% year-over-year increase and a 1-percentage point improvement in the full-year growth rate outlook.
August 13, 2024 | 11:05 am
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Sportradar Group has raised its fiscal year 2024 revenue outlook to €1.070 billion and adjusted EBITDA to at least €204 million, reflecting a 22% year-over-year increase. This positive revision indicates strong business performance and growth prospects.
The upward revision in revenue and adjusted EBITDA outlooks suggests strong business performance and growth prospects for Sportradar Group. This is likely to positively impact the stock price in the short term as investors react to the improved financial outlook.
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