United States
•
Segment revenue in the first quarter of 2022
increased by 124% to €25.7 million compared with the first quarter of 2021. This growth was driven by increased sales of U.S. Betting services primarily as a result of new states legalizing betting. We also experienced growth from increased sales to media companies and a positive impact from the acquisition of Synergy Sports.
•
Segment Adjusted EBITDA2 in the first quarter of 2022 was
(€6.4) million compared with the first quarter of 2021 of (€3.6) million, primarily due to increased investment in the Company’s league and team solutions focused business. Segment Adjusted EBITDA margin2 improved to (25%) from (32%) compared with the first quarter of 2021 reflecting an improvement in the U.S. segment operating leverage.


Annual Financial Outlook
Sportradar is reiterating its outlook for fiscal 2022 provided on March 30, 2022 as follows:
•
Revenue is expected to be in the range of €665.0 million to €700.0 million ($738.2 million to $777.0 million)1,
representing growth of 18% to 25% over fiscal 2021.
•
Adjusted EBITDA2 is expected to be in the range of €123.0 million to €133.0 million ($136.5 million to $147.6 million)1, representing
growth of 21% to 30% over fiscal 2021.
•
Adjusted EBITDA margin2 is expected to be in the range of
18.5% to 19.0%, an improvement over the prior year.