Sportradar (SRAD) CEO On Global Sports Betting

Schwab Network

English - March 16, 2023 21:13 - 5 minutes - 57.7 MB - ★★★★★ - 23 ratings
News Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Big Banks To Bolster First Republic (FRC)

Next Episode: Inflation Is Slowing, Economy Should Not Fall Apart

Sportradar (SRAD) provides B2B solutions to the global sports betting industry. CEO Carsten Koerl discusses SRAD as the company provides services to national and international sports leagues, media companies, and bookmakers. He talks about how SRAD's 4Q revenue came in at $220.7M, which is up 35% year-over-year. He notes that the company's 4Q U.S. segment adjusted EBITDA positive for the second straight quarter. He then goes over how FY22 U.S. betting growth came in at 78%. Finally, he mentions what's next for SRAD. Tune in to find out more about the stock market today.