By Elias Schisgall
Sportradar shares were down after fourth-quarter earnings fell short of Wall Street expectations.
Shares fell 7.2% to $18.18 in Tuesday afternoon trading. The stock has fallen 15% over the past 12 months.
The sports technology company on Tuesday posted a profit of 4.4 million euros (about $5.1 million), or EUR0.01 a share. That compares to a loss of 1.31 million euros a year earlier, or roughly breakeven on a per-share basis.
Revenue rose to 368.9 million euros, up from 307.1 million euros a year prior.
Analysts surveyed by FactSet were expecting earnings of EUR0.09 a share and revenue of 369.5 million euros.
For the current fiscal year, the company is targeting revenue growth in constant currency of between 23% and 25%, with revenue between 1.56 billion euros and 1.58 billion euros.
Sportradar also said its board had approved a $700 million increase to its stock buyback authorization, bringing the total for share repurchases to $1 billion.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
March 03, 2026 15:15 ET (20:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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