Personnel costs also saw large growth during the period, rising 44.7% year-on-year from €183.8m to €266.0m. Sportradar said the increase was driven by “continuous investments in content creation, greater event coverage and higher scouting costs.” The businesses purchased licences and services costs rose 47.4% between the years, to €176.0m compared to €119.4m the previous year. This is due to rises in a number of key costs of the 12-month period. Additionally, the company actually made a loss of €33m in the three-month period ending 31 December. “Our continued long-term partnerships with leading global sports bodies, and innovation across new technologies such as artificial intelligence and computer vision and as important, a team passionate about delivering solutions to our clients, make us very excited about our growth in 2023 and beyond.” Increased costs drive reduced profitĭespite the continued revenue and EBITDA growth, Sportradar’s profits fell 18.0% from €12.8m to €10.5m from 2021 to 2022. Koerl also highlighted Sportradar’s relationships and harnessing of new technological capabilities as key to the company’s success in the year ahead. “We saw excellent performance across all of our key performance metrics despite challenging macroeconomic conditions including a second consecutive quarter of positive adjusted EBITDA in the US,” said Koerl. CEO Carsten Koerl said he was “very pleased” with the company’s results, driven by what he described as “exceptional execution”.
The business hailed the strong results across all its key performance metrics.
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