Sportradar Group (SRAD) said Tuesday it is targeting 2027 revenue of at least 1.7 billion euros ($1.83 billion), representing a compound annual growth rate of 15%.
Analysts polled by FactSet expected 1.7 billion euros.
The company is also targeting 2027 adjusted earnings before interest, taxes, depreciation, and amortization of at least 455 million euros, representing a compound annual growth rate of 27%.
Sportradar said it plans to continue exploring opportunities in adjacent markets, including in the adjacent online casino market, which could open up a potential $2 billion serviceable addressable market.
Sportradar shares were nearly 5% higher in recent trading.
Price: 22.75, Change: +1.13, Percent Change: +5.20
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