Sportradar up after NBA takes stake, Q3 revenue beat

Sportradar AG

17/11/2021 14:38

** Switzerland-based sports data provider Sportradar Group
AG's  SRAD.O  shares up 12% at $24.17
    ** National Basketball Association (NBA) to take an equity
stake in SRAD, companies say  urn:newsml:reuters.com:*:nGNX2BLCrh
    ** SRAD will also be exclusive provider of NBA data globally
under a multiyear partnership with the league - statement 
    ** The new deal will come into effect from the 2023-24 NBA
season
    ** Earlier on Wednesday, co reported Q3 revenue of 136.8
euro ($154.7 mln), beating Refinitiv IBES est. of 133.5 mln euro
    ** Stock debuted in Sept at $27/shr; it took the IPO route
after abandoning plans for a blank-check merger earlier

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))