Sportradar Group AG (NASDAQ:SRAD) on Monday reported worse-than-expected second-quarter financial results and cut its FY26 sales guidance below estimates.
Sportradar reported quarterly losses of 1 cent per share which missed the analyst consensus estimate of earnings of 6 cents per share. The company reported quarterly sales of $439.230 million which missed the analyst consensus estimate of $450.760 million.
Sportradar cut its FY2026 sales guidance from $1.813 billion-$1.842 billion to $1.765 billion-$1.782 billion.
Carsten Koerl, Chief Executive Officer of Sportradar, said, “Sportradar’s second-quarter financial growth, along with the progress we delivered across a variety of key strategic initiatives, reflects our mission-critical role at the center of the global sports ecosystem. Strong demand for our premium content, data and technology solutions, including increased monetization of our IMG ARENA rights portfolio, drove double-digit growth while deepening our relationships across our unparalleled global distribution network.”
Sportradar shares fell 1.9% to $12.10 in pre-market trading.
These analysts made changes to their price targets on Sportradar following earnings announcement.
- Needham analyst Bernie McTernan maintained the stock with a Buy and lowered the price target from $23 to $17.
- Wells Fargo analyst Trey Bowers downgraded the stock from Overweight to Equal-Weight and cut the price target from $17 to $14.
- Canaccord Genuity analyst Michael Graham maintained the stock with a Buy and lowered the price target from $28 to $24.
- BTIG analyst Clark Lampen downgraded the stock from Buy to Neutral.
Considering buying SRAD stock? Here’s what analysts think:
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