SRAD Stock Forecast & Price Target

Sportradar Gr is well positioned to compound growth because management’s 2026 guidance points to revenue of €1,557mm-€1,582mm, at least 21% constant-currency growth, alongside Adjusted EBITDA of €390mm-€400mm, at least 32% growth, and free cash flow conversion above 56%. Its bullish case is reinforced by high-quality subscription and revenue-sharing economics, expanding margins, and pricing power in data, streaming rights, and programmatic advertising as in-game betting gains importance. The Kalshi multi-product deal adds another monetization channel for data and odds, supports tens of millions of dollars from prediction markets this year, and should improve confidence in 2H execution and medium-term U.S. revenue potential.

Sportradar Gr is exposed to a broad set of structural risks, including macroeconomic weakness, FX volatility, cybersecurity threats, regulatory shifts across jurisdictions, and dependence on strategic relationships with leagues and sportsbooks. Its bear case hinges on sports rights fee escalation outpacing the company’s ability to pass costs through, which would compress margins and limit adjusted EBITDA and free cash flow growth. If advertising and other incremental revenue streams fail to materialize while league data rights renewals, slower legalization, tax increases, and softer consumer spending pressure demand, the business could face persistent earnings and valuation headwinds.