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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.