Sportradar Group gains on upbeat 2023 revenue outlook

Sportradar AG

15/03/2023 12:37

** U.S.-listed shares of Swiss sports software firm
Sportradar Group AG  SRAD.O  up 6.4% at $12.52 premarket
    ** Co expects fiscal 2023 revenue in the range of 902 mln
euros ($953.77 million) and 920 million euros vs avg analysts'
estimate of 879.6 mln euros
    ** SRAD also reports Q4 revenue 206.3 mln euros, higher than
avg analysts' estimate of 195.5 mln euros
    ** Co says revenue growth driven by higher trading volumes
during FIFA World Cup
    ** Up to Tuesday's close, stock had risen 18.1% YTD

($1 = 0.9457 euros)

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))