Welcome to our dedicated page for Sportradar Group news (Ticker: SRAD), a resource for investors and traders seeking the latest updates and insights on Sportradar Group stock.
Sportradar Group AG (NASDAQ: SRAD) is a leading global sports technology company, founded in 2001, dedicated to transforming the sports, media, and betting industries through innovative data solutions and digital content. With a workforce of over 1,650 professionals spread across more than 30 locations, the company proudly serves over 1,000 clients in more than 80 countries.
Sportradar specializes in providing advanced technological solutions to a diverse client base, including media outlets, bookmakers, sports federations, and governmental authorities. The company's core business revolves around leveraging sports data powered by artificial intelligence to enhance user engagement and enable next-generation sports experiences.
One of Sportradar's flagship products is the Alpha Odds, an automated odds recalculation tool launched in 2022. This solution has been instrumental in delivering an average profit increase of 10% for its clients in 2023. Alpha Odds utilizes enhanced AI models to provide accurate predictions and real-time risk management, thereby improving trading efficiency by 11%.
In addition to its robust product offerings, Sportradar maintains strong partnerships with major sports organizations such as the ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, and Bundesliga. The company covers nearly a million events annually, ensuring comprehensive data and support for its clients.
Sportradar has also made significant strides in financial transparency and reliability. The financial reconciliation capabilities of Alpha Odds have been certified under the ISAE 3402 Type 1 standard by PwC, highlighting the accuracy and dependability of its computational methods.
Financially, Sportradar's revenue streams are primarily derived from subscription-based models and revenue-sharing agreements. The company's commitment to innovation and quality service is reflected in its ongoing projects and clientele satisfaction.
For more information about Sportradar Group AG, visit www.sportradar.com. The company continues to be a key player in driving the future of sports technology and data services.
Sportradar Group AG (NASDAQ:SRAD) announced that its CEO Carsten Koerl and CFO Alex Gersh will present at two significant events: the Canaccord Digital Gaming Summit on November 30, 2021 and the Jefferies Sports Betting & iGaming Summit on December 1, 2021. Live webcasts and replays will be accessible via Sportradar’s Investor Relations website. Furthermore, management will hold one-on-one and small group meetings with investors, enhancing engagement opportunities.
Sportradar has secured a landmark agreement to distribute betting data rights for UEFA competitions, including the UEFA Champions League and EURO 2024. This exclusive deal, valid from the 2021/22 season through 2023/24, covers 1,550 matches across various UEFA events. As part of this partnership, Sportradar extends its role as UEFA's official integrity partner, providing bet monitoring services to safeguard against match-fixing. This collaboration enhances Sportradar’s existing rights portfolio and reinforces its position in the sports technology industry.
Sportradar Group AG (NASDAQ: SRAD) announced it received the International Betting Integrity Association’s (IBIA) Data Standards Kitemark, a high-level accreditation for data quality assurance in sports betting. The recognition followed an audit by eCOGRA, ensuring integrity in data collection to protect sports against corruption. Sportradar aims to enhance the reliability of its services, with over 30 million odds changes per minute and 99.9% accuracy. In 2021, it formed partnerships with significant leagues such as the NHL and ITTF.
Sportradar Group AG (NASDAQ:SRAD) will report its third quarter 2021 financial results before the market opens on November 17, 2021. The Company will conduct a live webcast at 8:00 a.m. ET to discuss these results. Investors can join the webcast via the Investor Relations website or by phone at 877-423-9813 (USA) or 201-689-8573 (International). The replay will be available from 11:00 a.m. ET on November 17 through November 24, 2021. Sportradar, a leader in global sports technology, provides solutions to enhance sports experiences.
Sportradar (NASDAQ: SRAD) has announced a three-year extension with the International Tennis Federation (ITF) to continue as its Official Data Partner, reinforcing their collaboration since 2012. This extension will boost integrity protection measures at ITF events, including the Billie Jean King Cup, utilizing Sportradar's Universal Fraud Detection System and other integrity services. Additionally, Sportradar plans to enhance fan engagement through new digital assets, ensuring a secure and immersive experience for sports fans.
Sportradar partners with Adomni to introduce programmatic digital out-of-home advertising, allowing sports betting marketers to feature live odds and stats on over 500,000 screens globally. This partnership aims to enhance consumer engagement through dynamic content, targeting audiences effectively. Early adopter WynnBet has already optimized its campaigns, showcasing enhanced ad relevance and responsiveness based on real-time data. This innovative approach positions Sportradar strongly within the evolving advertising landscape focused on real-world engagement.
Sportradar has launched its Universal Fraud Detection System (UFDS) free of charge to sports federations and leagues, reinforcing its commitment to sport integrity. Since April 2020, over 1,100 suspicious matches have been detected. In 2021, soccer specifically saw more than 500 suspicious matches reported. The UFDS has identified suspicious activities across various sports, including esports, tennis, and basketball. This initiative aims to support global sports sustainability by providing vital monitoring services to combat corruption.
Sportradar (NASDAQ: SRAD) has formed a global partnership with the International Cricket Council (ICC), becoming the Official Data Distribution and Official Betting Live Streaming Partner. This collaboration focuses on enhancing cricket engagement for its 2.5 billion fans worldwide, covering 275 major matches, starting with the ICC Men’s T20 World Cup in October 2021 through to the 2023 ICC Men’s Cricket World Cup. The deal includes deployment of the Cricket Live Score Plus data-capture tool and integration with Sportradar’s Premium Cricket Service, ensuring enriched content delivery.
Sportradar (NASDAQ: SRAD) has announced a partnership with the Big Ten Network to relaunch B1G+, a direct-to-consumer streaming service for non-televised events. The updated platform will feature approximately 1,500 live streams of Olympic sports along with on-demand access to past basketball and football games. Sportradar will provide technology and data-driven OTT solutions to enhance user experience and content offerings. The service aims to cater to the growing demand for personalized sports viewing, reflecting the evolving expectations of fans.
Sportradar (NASDAQ: SRAD) announced that NBA legend Michael Jordan is increasing his investment in the company and will serve as a special advisor to its Board of Directors. Jordan's role will focus on enhancing business strategies in the US market, product development, and marketing initiatives. He expressed his commitment to the company's vision for transforming sports technology. This announcement follows Sportradar's recent public offering, marking a significant moment for the company as it capitalizes on the intersection of sports, media, and betting industries.
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