Sportradar Group climbs on higher FY forecast, upbeat Q3 profit

Sportradar AG

16/11/2022 13:25

** Shares of Switzerland-based software firm Sportradar
Group AG  SRAD.O  climb 7.9% to $10.95 premarket - set to open
at their highest in more than two months if gains hold
    ** Co reports Q3 revenue of 178.8 mln euros ($186.24 mln),
beating average analysts' estimate of 170.7 mln euros -
Refinitiv  urn:newsml:reuters.com:*:nTUA3WZDDF
    ** Raises FY 2022 revenue forecast to between 718 mln euros
and 723 mln euros, from its previous range of 695 mln euros to
715 mln euros  urn:newsml:reuters.com:*:nGNXbc3Xrg
    ** SRAD's U.S. segment revenue rises by 61% to 31.6 mln
euros, turning the segment profitable for the first time since
initial public offering
    ** Up to last close, stock had fallen 42.2% 
($1 = 0.9601 euros)
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))