Sportradar Group AG reported a 19% year-over-year revenue increase to €378 million for the second quarter of 2026. The company attributed the growth to continued cross-selling and upselling of products and solutions to existing clients, including strong uptake of IMG ARENA content.
Adjusted EBITDA for the quarter rose 19% to €76 million, producing a 20% margin. Management revised its full-year guidance downward amid slower growth in the U.S. market and delays in prediction-market deals. The company now expects full-year reported revenue of between €1.518 billion and €1.533 billion.
Commercial Execution Across Exchange Ecosystems
Chief Executive Carsten Koerl described prediction markets as an adjacency that expands Sportradar’s addressable market. In June, the company announced a multi-year global agreement with Kalshi to provide a portfolio of premium sports content and services across major sports, including MLB, ATP, the NHL, MLS and UFC.
Under the Kalshi agreement, Sportradar is to provide real-time DataOps for timely settlements, fan-engagement solutions, customer-acquisition services and integrity services. The company also has the ability to enter agreements with key Kalshi and Polymarket partners, including brokers and market makers.
Sportradar also entered a multi-year agreement with Polymarket in coordination with Tennis Data Innovations for the ATP Tour. The arrangement provides Polymarket in the U.S. with exclusive streaming of ATP matches, along with real-time data and odds for settlement on a non-exclusive basis, as well as fan-engagement, customer-acquisition and integrity services.
Long-Term Revenue Horizon
Prediction-market revenue had a limited impact in the second quarter, according to management. The company expects the segment to contribute tens of millions of euros in 2026, with a larger contribution anticipated in 2027 and 2028 as deals ramp up.
Sportradar said it continues to hold active conversations across the prediction-markets ecosystem and anticipates additional commercial deals in the coming months. Sportradar’s Q2 earnings call also pointed to expected acceleration in the second half, supported by IMG ARENA synergies, prediction-market expansion and product innovation.
Petra Vanhoof has spent the better part of a decade following the shifting tides of gambling regulation across Europe and beyond. She came up through the compliance side of the industry before pivoting to writing, which gives her a grounded, no-nonsense perspective on the rules, loopholes, and political maneuvering that shape how operators actually do business. She is particularly drawn to the gap between what regulators say and what the market ends up doing in response.