Citigroup Keeps Sportradar ‘Outperform’ as Q1 Revenue Jumps 11% and $250M Buyback Launches
Citigroup upheld its ‘Outperform’ rating on Sportradar as Q1 revenue rose 11% to €347 million and free cash flow climbed 38% to €44 million. The sports data provider also unveiled a $250 million share repurchase program following a 22% stock drop after critical third-party reports.
1. Citigroup Affirms Outperform Rating
Citigroup maintained its Outperform rating on Sportradar with a $12.35 reference stock level, signaling confidence despite recent volatility caused by critical reports.
2. Q1 Financial Highlights
In Q1 2026, Sportradar reported revenue of €347 million (up 11%), Adjusted EBITDA of €66 million (up 12%), and free cash flow of €44 million (up 38%), offset by a €6 million currency-related loss.
3. Market Reaction and Rebuttal
Shares fell 22% after Muddy Waters and Callisto alleged misleading practices; Sportradar refuted these claims, citing compliance with licensed operators and factual errors in the reports.
4. $250M Share Repurchase Program
To support its stock price and reward shareholders, Sportradar announced a $250 million buyback program and appointed Sameer Deen as Chief Operating Officer to bolster governance.