Sportradar, sports data and tech firm has disclosed its long-term financial targets. It says that it hopes to generate at least $1.84 billion in revenue for 2027. Hoping to retain its existing momentum, the company also targets continued EBITDA growth.
Company executives shared some of their projections for the business on April 1’s investor day, hoping to deliver a 15% CAGR or compound annual growth rate over the next three years.
Adjusted EBITDA of at least $492.5 million was also targeted by the company, which would represent a CAGR of 27%. Sportradar likewise hopes to expand its adjusted EBITDA margin by 700 basic points.
The leading sports technology company in terms of cash flow looks for $297.7 million. By 2027, it also targets a conversion rate of 60% or more.
The latest financials of the company outlined full-year revenue of $1.2 billion. It represents a growth of 26% year-on-year. Moreover, the company posted adjusted EBITDA of $241.6 million, up 33% YOY. The EBITDA margin expanded to 20.1%.
Net cash from operating activities in 2024 increased 36% to $384.3 million. For the meanwhile, the free cash flow of the company more than doubled to $128.5 million, up 133% YOY.
Paired with impressive net retention rate of 127% of Sportradar, these incredible financials, as well as robust track record further increased its confidence in its long-term results.
The company also published its guidance for 2025 in addition to the recent publication of FY 2024 report of Sportradar. It was consistent with its growth plans. According to the company, it expects its revenue for 2025 to reach $1.38 billion, which would represent growth of at least 15%.
Sportradar also said it expects adjusted EBITDA to increase by at least $305.9 million. It would mark a growth of 26%. The company added that it targets adjusted EBITDA margin expansion of at least 200 basic points.
