$SRAD

Sportradar said on its Q2 earnings call it is expanding into US prediction markets via partnerships with Kalshi and Polymarket, aiming to grow its addressable market and diversify sportsbook clients. Management cited regulatory uncertainty and slower contract closures, pushing major financial benefits to 2027+. It reported €64m ($73.9m) revenue in SportsContent, Technology & Services, up 9% YoY, and expects 2026 full-year revenue growth of 19% to 21% (€1.518-€1.533b).

Sportradar Group AG reported a Q2 2026 net loss of €3.5 million, reversing a €49.1 million profit a year earlier, despite 18.9% year-over-year revenue growth to €378 million. The company cited higher sports-rights costs and an unrealized FX loss of about €9 million. It also trimmed full-year 2026 revenue guidance and shares fell nearly 20% premarket.

UBS downgraded Sportradar Group to Neutral from Buy and cut its price target to $16 from $30, according to UBS. The change reflects UBS’s updated view of the stock’s valuation and outlook, which may affect investor expectations and trading sentiment for Sportradar shares.

UBS downgraded Sportradar Group AG (SRAD) to Neutral from Buy and cut its fiscal 2026 price target to $16 from $30. The move followed Sportradar reducing midpoint guidance, including €44m lower revenue and €31m lower EBITDA. UBS cited weaker margin improvement and timing of sports rights expense recognition.

Sportradar Group AG (SRAD) shares fell 16.5% to $12.14 on Monday after the company reported higher Q2 and first-half revenue but net losses in both periods. Q2 revenue rose to EUR 377.8m from EUR 317.8m, while net loss was EUR 3.5m. H1 revenue increased to EUR 724.3m, with net loss of EUR 9.8m.

Analyst notes cover Churchill Downs, MGM, Sportradar and Macau gambling. Truist says Churchill Downs’ Derby 2027 outlook and M&A plans support stable fundamentals and keeps a Buy. Texas Capital cuts MGM 2026/27 EBITDA forecasts and lowers its price target to $54. Jefferies flags Sportradar 2Q results up 19% YoY but pressured by FX and guidance. J.P. Morgan cites Macau July GGR of MOP 20.3B, down 8% YoY.

US stock index futures rose in premarket as oil fell and bond yields eased, helped by reports of US-Iran talks. S&P futures were up 0.5% and Nasdaq up 0.4%, with Mag 7 mostly higher. Notable movers included ATKR +27% on Prysmian’s $95/share bid, BMY +5% on AstraZeneca acquisition talks, and SRAD -14% after guidance cut.

Sportradar (SRAD) shares fell about 14.4% pre-open to $12.44 after it reported Q2 2026 results. The company’s EPS beat expectations, but revenue and forward outlook disappointed versus consensus of about €383.2M revenue and €0.06 EPS. The report follows a weak Q1 and a securities class action alleging compliance issues tied to sports betting.

Simply Wall St says Freedom Capital initiated coverage of Sportradar Group (SRAD) with a Buy rating, citing the company’s scale in sports data for betting and media. The piece notes a multi-year deal with Kalshi and highlights regulatory and compliance risks. It cites forecasts of about €2.0B revenue and €284.1M earnings by 2029.

Kessler Topaz Meltzer & Check, LLP said it filed a securities fraud class action against Sportradar Group AG (NASDAQ: SRAD) in the U.S. District Court for the Southern District of New York. The suit covers purchases from Nov. 7, 2024 to Apr. 21, 2026 and alleges material misstatements/omissions about involvement with black-market gambling operators and the strength of its KYC/compliance. A lead-plaintiff motion deadline is July 17, 2026.