Connect with us

Latest News

Sportradar Reports Strong Growth In First Quarter 2022

Published

on

Reading Time: 6 minutes

 

Overall revenue increased 31%; U.S. revenue increased 124% year over year
Company reiterated annual outlook for fiscal 2022 projecting strong annual revenue growth of 18% to 25%

Sportradar Group AG, the leading global technology company enabling next generation engagement in sports, and the number one provider of business-to-business solutions to the global sports betting industry, today announced financial results for its first quarter ended March 31, 2022.

First Quarter 2022 Highlights

  • Revenue in the first quarter of 2022 increased 31% to €167.9 million ($186.4 million)1 compared with the first quarter of 2021, driven by strong growth across all business segments. In particular, the U.S. segment revenue grew by 124% to €25.7 million ($28.5 million) compared with the first quarter of 2021.
  • Adjusted EBITDA2 in the first quarter of 2022 decreased 5% to €26.7 million ($29.6 million)1 compared with the first quarter of 2021 primarily due to higher costs associated with being a public company as well as reversal of certain temporary COVID-19 related cost savings versus the first quarter of 2021.
  • Adjusted EBITDA margin2 was 16% in the first quarter of 2022, compared with 22% over the prior year period.
  • Adjusted Free Cash Flow2 in the first quarter of 2022 increased by 100% to €12.9 million, compared with the prior year period. The resulting free cash flow conversion2 was 48% in the quarter.
  • Strong Net Retention Rate2, based on the last twelve months, increased to 121% at the end of the first quarter of 2022 compared with 107% the same period in 2021 highlighting the continued success of the Company’s cross-sell and upsell strategy across its global customer base.
  • Cash and cash equivalents totaled €715.5 million as of March 31, 2022. Total liquidity available for use at March 31, 2022, including undrawn credit facilities was €825.5 million.
  • The Company reiterated its previously provided annual outlook for full-year 2022 for revenue and Adjusted EBITDA2. Please see the “Annual Financial Outlook” section of this press release for further details.
Key Financial Measures Q1 Q1 Change
In millions, in Euros 2022 2021 %
Revenue 167.9 128.5 31%
Adjusted EBITDA2 26.7 28.2 (5%)
Adjusted EBITDA margin2 16% 22%
Adjusted Free Cash Flow2 12.9 6.5 100%
Free Cash Flow Conversion2 48% 23%

____________
1
For the convenience of the reader, we have translated Euros amounts in the tables below at the noon buying rate of the Federal Reserve Bank of New York on March 31, 2022, which was €1.00 to $1.11.
2 Non-IFRS financial measure; see “Non-IFRS Financial Measures and Operating Metrics” and accompanying tables for further explanations and reconciliations of non-IFRS measures to IFRS measures.

Carsten Koerl, Chief Executive Officer of Sportradar said: “Our fiscal 2022 is off to a fast start, with core, high-margin betting products driving growth around the world. Our U.S. business continues its tremendous growth story as more states legalize and sports betting becomes live, mainstream entertainment. As the market leader, our technology and data-driven insights continue to transform the converging media, entertainment and sports industries and fuel our consistent and long-term profitable growth story.”

Segment Information

RoW Betting

  • Segment revenue in the first quarter of 2022 increased by 25% to €86.7 million compared with the first quarter of 2021. This growth was driven primarily by increased sales of our higher value-add offerings including Managed Betting Services (MBS) which increased 51% to €26.4 million and Live Data/ Odds Services, which increased 16% to €46.8 million. MBS growth is attributable to increased turnover3 and Live Data/ Odds Services grew as a result of upselling content to existing customers. MBS includes Managed Trading Services (MTS) and Managed Platform Services (MPS). Additionally, increased content sales from the Synergy acquisition contributed to the growth.
  • Segment Adjusted EBITDA2 in the first quarter of 2022 increased by 13% to €44.6 million compared with the first quarter of 2021. Segment Adjusted EBITDA margin2 decreased to 51% from 57% in the first quarter of 2021 driven by temporary savings in sport rights and scouting costs in the prior year related to the COVID-19 pandemic as well as acquisition of new sport rights.

RoW Audiovisual (AV)

  • Segment revenue increased in the first quarter of 2022 by 17% to €45.9 million compared with the first quarter of 2021.  This growth was primarily a result of increased content from Tennis Australia and the National Hockey League (NHL) as well as upselling content from the Synergy acquisition.
  • Segment Adjusted EBITDA2 in the first quarter of 2022 was flat at €8.9 million compared with the first quarter of 2021. Segment Adjusted EBITDA margin2 decreased to 19% from 23% compared with the first quarter of 2021 primarily due to higher sports rights costs driven by the easing of the COVID-19 pandemic versus prior year, and acquisition of new sports rights.

United States

  • Segment revenue in the first quarter of 2022 increased by 124% to €25.7 million compared with the first quarter of 2021. This growth was driven by increased sales of U.S. Betting services primarily as a result of new states legalizing betting. We also experienced growth from increased sales to media companies and a positive impact from the acquisition of Synergy Sports.
  • Segment Adjusted EBITDA2 in the first quarter of 2022 was (€6.4) million compared with the first quarter of 2021 of (€3.6) million, primarily due to increased investment in the Company’s league and team solutions focused business. Segment Adjusted EBITDA margin2 improved to (25%) from (32%) compared with the first quarter of 2021 reflecting an improvement in the U.S. segment operating leverage.

____________
2
Non-IFRS financial measure; see “Non-IFRS Financial Measures and Operating Metrics” and accompanying tables for further explanations and reconciliations of non-IFRS measures to IFRS measures.
3 Turnover is the total amount of stakes placed and accepted in betting.

Costs and Expenses

  • Personnel expenses in the first quarter of 2022 increased by €13.7 million to €52.3 million compared with the first quarter of 2021 primarily resulting from additional hires in the Company’s product and technology organizations across high and low-cost locations. Employee headcount increased by 620 to 3,075 full time employees at the end of the first quarter of 2022 compared with the first quarter of 2021.
  • Other Operating expenses in the first quarter of 2022 increased by €5.0 million to €19.5 million compared with the first quarter of 2021 mainly driven by higher costs associated with being a public company, and the reversal of temporary COVID-19 related cost savings versus the prior year.
  • Total Sport rights costs in the first quarter of 2022 increased by €13.1 million to €54.0 million compared with the first quarter of 2021, primarily resulting from new rights for 2022 for ICC, UEFA, ATP and a normalized schedule in sports such as NBA, NHL and MLB, as COVID-19 pandemic restrictions eased.

Recent Business Highlights

  • In April 2022, Sportradar acquired Vaix, a pioneer in developing AI solutions for the iGaming Industry. Vaix’s innovative AI technology allows betting and gaming operators to gain a personalized view of their customers, which provides a more targeted, player-friendly experience. Sportradar has partnered with Vaix previously and incorporated its technology into its Managed Trading Services (MTS) offering. Sportradar’s MTS solution is a sophisticated trading, risk, live odds and liability management offering that helps betting operators boost margins and profits, while increasing efficiency and managing risk.
  • Sportradar was awarded a supplier registration for online/mobile wagering in Ontario. With this registration for online/mobile wagering from the Alcohol and Gaming Commission of Ontario, Sportradar now holds over 36 licenses in North America across states, territories, tribes, and Canada. Additionally, Sportradar Integrity Services and the Canadian Hockey League announced a multi-year education and bet monitoring services agreement. This new relationship increases Sportradar Integrity Services’ portfolio of ice hockey partners to nine different leagues and federations around the world and strengthens its leadership position across North American sports leagues.
  • The Company continued to strengthen its U.S. leadership by appointing former Fiserv executive Michael Gandolfo as Group Head, Regional Sales. Gandolfo led Fiserv’s Large Financial Institution Sales and Service Team, responsible for over 300 top financial institutional clients.
  • Norwegian state gaming operator, Norsk Tipping, will deploy Sportradar’s internet-based Self-Service Betting Terminal (iSSBT) into 245 retail outlets across Norway to support the gaming operator’s growth. iSSBT is deployed in over 500 retail outlets, enabling Norsk Tipping to establish a mobile-first and online digital strategy, along with a retail presence.
  • Sportradar continued to advance its mission to detect, investigate and prevent betting-related match-fixing, doping and other threats to the integrity of sport by announcing a multi-year integrity partnership with NASCAR, an expansion of a previous agreement to provide bet monitoring and reporting with its Universal Fraud Detection System (UFDS), launching a Sportradar Integrity Exchange, a network that enables bookmakers to report suspicious betting activity and extended its work with the Austrian Federal Criminal Police on anti-doping.
  • The Company also announced that it will act as an advisor to Bowl Season on the sports betting space in a responsible manner, with a focus on educating the organization’s membership on the rapidly evolving world of sports betting, as well as the opportunity to expand the scope to include Sportradar’s Integrity Services.

Annual Financial Outlook

Sportradar is reiterating its outlook for fiscal 2022 provided on March 30, 2022 as follows:

  • Revenue is expected to be in the range of €665.0 million to €700.0 million ($738.2 million to $777.0 million)1, representing growth of 18% to 25% over fiscal 2021.
  • Adjusted EBITDA2 is expected to be in the range of €123.0 million to €133.0 million ($136.5 million to $147.6 million)1, representing growth of 21% to 30% over fiscal 2021.
  • Adjusted EBITDA margin2 is expected to be in the range of 18.5% to 19.0%, an improvement over the prior year.4

____________
For the convenience of the reader, we have translated Euros amounts in the tables below at the noon buying rate of the Federal Reserve Bank of New York on March 31, 2022, which was €1.00 to $1.11.
2 Non-IFRS financial measure; see “Non-IFRS Financial Measures and Operating Metrics” and accompanying tables for further explanations and reconciliations of non-IFRS measures to IFRS measures.

Powered by WPeMatico

Continue Reading
Advertisement

Animo Studio

Animo Studios launches first multiplier roulette gameshow exclusively with Stake

Published

on

animo-studios-launches-first-multiplier-roulette-gameshow-exclusively-with-stake

Cutting-edge live casino studio Animo Studios has unveiled its most ambitious release to date – Stake City Roulette. A first-of-its-kind multiplier roulette gameshow launched exclusively with Stake, the world’s most popular online casino.

Marking a significant milestone in Animo’s mission to redefine live casino entertainment, Stake City Roulette delivers a gameshow-style experience unlike anything currently on the market.

Players can win up to 500x their bet, all presented by Animo’s signature animated dealers inside a fully realised virtual world. Players can even spot billboards featuring Stake co-founder Ed Craven as the “Mayor of Stake City”, with in-scene placements dynamically integrated to reflect Stake’s brand and new initiatives.

The game is the product of Animo Studios’ proprietary technology stack, combining advanced technology, live broadcasting, machine learning and bespoke software to transform human hosts into live-action animated characters in real time. Rather than featuring a rendered simulation or an AI shortcut, games are hosted by a live human being, delivering the energy and authenticity of a real dealer inside a world that has never existed in Live Casino before.
This exclusive launch deepens the partnership between Animo Studios and Stake – both headquartered in Australia – following the initial beta integration and live debut of Animo’s titles in late 2025. Animo Studios was founded by Australian content creator, Fortnite champion and entrepreneur Harley Fresh.

Unique experiences – only on Stake

Harley Fresh, founder of Animo Studios, said: “We’ve built Animo to reimagine how players engage with live casino games, blending real-time entertainment with technology that brings any recognisable characters and interactive environments to life. Features like dynamic in-game content and evolving worlds are only the starting point, Animo demonstrates a level of scalability and flexibility that simply hasn’t existed in Live Casino before.”

“Stake City Roulette is an early example of our technology’s possibilities, we’re here to advance live experiences that push beyond the current limitations of traditional products.”

“Stake’s focus on unique, ‘only on Stake‘ experiences aligns perfectly with our ambition to redefine what live gaming can be. Our partnership allows us to bring that vision to life, and this launch is truly just the beginning of what’s possible with our technology.”

Animo Studios is continuing to set the bar for the Live Casino industry, accelerated by their latest release of the electric Stake City Roulette. With each spin the City comes to life, revealing up to 5 multipliers, reaching up to 500x.

Brais Pena, Chief Strategy Officer at Easygo – Stake’s parent company – said: “We’re constantly looking to push the boundaries of what online casino experiences can look like, and Stake City Roulette is a perfect example of that in action.

“Our partnership with Animo Studios gives us the ability to deliver something genuinely different – not just in terms of gameplay but in how players engage with the product as a form of live entertainment. This is about moving beyond traditional formats and creating experiences that feel immersive, social and uniquely Stake.

“By working with forward-thinking partners like Animo, we’re able to offer our community innovative content they simply won’t find anywhere else, reinforcing our position at the forefront of the industry.”

The post Animo Studios launches first multiplier roulette gameshow exclusively with Stake appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Conferences

From B2C Scale to B2B Stability: Kanggiten’s Real-World Lessons in Platform Resilience

Published

on

from-b2c-scale-to-b2b-stability:-kanggiten’s-real-world-lessons-in-platform-resilience

Interview with Ivan Korkin, Head of Account Management at Kanggiten

After his successful participation at the HIPTHER Prague Summit 2026, we speak with Ivan Korkin, Head of Account Management at Kanggiten, to explore how real-world B2C operational experience can strengthen B2B platform stability in today’s high-demand iGaming environment — and why resilience, real-time monitoring, and proactive infrastructure design are becoming critical competitive differentiators.

Ivan, your discussion at HIPTHER Prague Summit focused on applying high-volume B2C operational lessons to B2B platform stability. From your perspective, what are the most overlooked insights that B2B providers can learn from real-world B2C environments?

The most overlooked insight is that B2B and B2C platforms do not require fundamentally different security and operational standards. In reality, the B2C experience differs mainly on the client side; the underlying security protocols needed to combat fraudsters, hackers, and bonus hunters remain exactly the same.

When designing platform architecture for long-term reliability, which core principles matter most today – and how has your approach evolved as traffic volumes and player expectations continue to rise?

The foundational principle is ensuring the platform is “Modular by Design”. Monolithic systems are simply too rigid for modern scaling. At Kanggiten, our platform is built from independent modules that communicate either through a shared data channel or via APIs. This ensures that if one module, like a tournament or bonus engine, gets overloaded, it does not bring down the entire platform; core functions like payments remain fully operational. This approach, called “graceful degradation,” keeps the platform reliable under pressure. Additionally, as expectations have risen, our approach has evolved to include self-healing capabilities, automatically restoring needed instances if a hardware failure occurs.

System resilience under load is a growing concern across the industry. What practical strategies should operators and suppliers implement to ensure performance remains consistent during peak demand moments?

Operators must utilize systems built for fast, automatic scaling without human intervention. When data volume grows, the platform should simply add more hardware on the fly. From a data hygiene perspective, peak loads often cause statistics to lag or duplicate. We prevent this by utilizing specialized columnar databases that scale horizontally for heavy analytical workloads. If a technical glitch sends the same data twice, our system recognizes it and refuses to double-count. Finally, resilience requires full system redundancy to achieve 99.9% uptime, ensuring there is zero single point of failure and that live database backups are hosted in physically separate data centers.

Kanggiten places strong emphasis on real-time analytics and monitoring. How do real-time metrics function as early-warning systems in modern iGaming infrastructure, and what signals should teams be watching most closely?

Real-time metrics are critical for identifying anomalies and root causes instantly. Many operators focus solely on technical metrics, but we closely watch business metrics like user registrations, deposits, bonus activations, and critical user chains. A server might appear healthy on a backend dashboard, but a sudden drop in these business metrics serves as an early-warning signal that issues are occurring on the user journey. Tracking these in real time prevents isolated technical glitches from turning into massive revenue losses.

Many teams still operate in reactive mode when incidents occur. What does a truly proactive issue-detection framework look like in 2026, and what cultural or technical shifts are required to get there?

A proactive framework utilizes dynamic product alerts and retrospective data analysis. Instead of waiting for a system crash, our alerting system compares the current volume of events against historical data—such as traffic from three weeks ago—to automatically determine if current metrics are normal or if human intervention is needed. Culturally, moving away from reactive firefighting requires a commitment to continuous testing; we run automated tests, manual checks, and cloud-based load testing before any code ever reaches production.

Looking ahead, as modular and full-stack platforms continue to evolve, what should operators prioritize now to ensure their infrastructure remains secure, scalable, and future-ready over the next three to five years?

Operators must prioritize a “provider-agnostic” approach to their infrastructure. Over the next few years, the ability to rapidly adapt to changing regulations and execute seamless, disruption-free migrations between cloud providers will be paramount. Security must also remain a top priority; operators should demand infrastructure that holds the highest-level PCI DSS certification (Level 1 v4.0) , where card data is encrypted with strong algorithms and in-transit data is secured using Sectigo and Google SSL certificates over TLS 1.2 or higher.

Kanggiten was the Silver Sponsor and Badge & Bracelet Sponsor at HIPTHER Prague Summit 2026. What key conversations did you have with operators and partners during the event, and what should the industry be watching next from your team?

We were delighted to speak with ambitious operators who demand speed, control, and performance without the bureaucracy of traditional platforms. We always want to discuss how our modular ecosystem allows businesses to launch in weeks, not months, and scale reliably under any load. As for what’s next, the industry should watch how Kanggiten continues to merge premium B2C conversion tactics with robust B2B infrastructure, delivering technology engineered specifically for measurable revenue growth and uncompromising stability.

The post From B2C Scale to B2B Stability: Kanggiten’s Real-World Lessons in Platform Resilience appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Latest News

N1 SEO Traffic Cup: Multiply Your Traffic & Unlock Luxury Rewards

Published

on

n1-seo-traffic-cup:-multiply-your-traffic-&-unlock-luxury-rewards

The N1 SEO Traffic Cup, the first tournament in the global N1 Traffic Cups series by N1 Partners, is approaching its midpoint, and competition between teams is getting stronger. Participants continue scaling volumes, refining their strategies, and actively adding new brands to boost their N1 Cup Score and secure positions in the reward tiers.

More than 200 teams are still in the game, striving to achieve KPIs to gain participant status and reach the prize levels.

Win Big with N1 Partners

The prize pool of the N1 SEO Traffic Cup is one of the most extensive and flexible in the industry. Participants are grouped into performance-based levels: the more points they earn, the greater the rewards, and each team can choose a prize or cash equivalent from their level.

Level 1 (7,000+ points) – €25,000 per team

  • VIP experience at the Formula 1 Monaco Grand Prix
  • Trip to a FIFA World Cup 2026 match in the USA
  • 7 nights in the Maldives with business class flights
  • Rolex Cosmograph Daytona
  • BMW S 1000 XR motorbike
  • Hublot Unico Titanium

Level 2 (3,500–6,999 points) – €15,000 per team

  • One week of golf at Monte Rei with a private villa stay
  • Private island getaway in the Seychelles (Four Seasons Desroches Island)
  • Ducati Monster motorbike
  • Bottega Veneta travel kit

Level 3 (1,500–3,499 points) – €7,000 per team

  • Zero-gravity flight (90 minutes)
  • Custom Luxury ski or snowboard gear set of your choice
  • Balenciaga Snowboard
  • Cartier Juste un Clou bracelet
  • Kronos Massage Chair

Level 4 (500–1,499 points) – €5,000 per team

  • Apple Vision Pro
  • MacBook Pro M4
  • Cartier LOVE ring
  • Pioneer OPUS-QUAD DJ system
  • Sonos Arc Ultra home audio system
  • Dior beauty set

Participant Giveaways

Even if a team doesn’t reach a reward level, the opportunity doesn’t end there. Bringing just 20 FTD on any brand unlocks participant status and access to a separate prize draw, featuring PlayStation 5 Pro, iPhone 17 Pro Max, and exclusive N1 Partners merch.

This means you still have a real chance to win prizes, even with a late start or smaller volumes.

How to increase your chances of winning

The key tournament metric is the N1 Cup Score, calculated as: FTD × brand coefficient.

The coefficient depends on how many brands you run:

  • 1 brand – 1x
  • 2–3 brands – 2x
  • 4+ brands – 5x

This means teams that diversify traffic across multiple products gain a strong strategic advantage and scale results much faster.

Why join the race now

The final stage of the tournament is not just about holding positions. It’s the perfect moment to rethink your strategy, test new approaches, and maximize the value of your current traffic.

Late entry is no longer a limitation. With the right approach to brands and GEOs, teams can quickly scale FTD and break into the reward tiers.

Join the N1 SEO Traffic Cup

Period: March 1 – April 30, 2026

Results announcement: by May 10

Entry: from 20 FTD per brand

N1 Partners means:

  • 14+ casino and sportsbook brands with up to 70% Reg2Dep
  • 10+ Tier-1 GEOs
  • CPA up to €700 and RevShare up to 45% + NNCO for top partners

Be number one with N1.

The post N1 SEO Traffic Cup: Multiply Your Traffic & Unlock Luxury Rewards appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania