Globe News Wire
04 Jun 2026, 08:30 UTC · 2h ago
Sportradar Nets Official Wimbledon Tennis Data and AV Betting Rights Deal
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Globe News Wire
04 Jun 2026, 08:30 UTC · 2h ago
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Sportradar has secured a multi-year extension of its exclusive global distribution rights for Wimbledon's official data and audiovisual betting. — Securing exclusive rights to a major global sporting event ensures a stable long-term revenue stream and strengthens the company's competitive moat in the tennis betting market.
+0.40Sportradar's first-quarter 2026 revenue increased by 11% to €347 million. — Double-digit revenue growth indicates positive organic demand and scaling of their sports technology services.
+0.30Sportradar reported a loss of €6 million for the first quarter of 2026, representing 1.8% of revenue. — While the loss is small relative to revenue, a negative bottom line remains a drag on valuation despite top-line growth.
-0.20Ticker attribution
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Positive news regarding the multi-year extension of exclusive Wimbledon data and AV betting rights, despite a small reported loss in Q1 2026.
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