Sportradar announced a workforce reduction plan during Wednesday’s quarterly earnings call, a move that represents a strategic shift for a company that is embarking on data partnerships with two major global sports associations this year.
The pivot comes in spite of a quarter where the sports betting data provider attained its highest level of profitability since becoming a public company. Sportradar’s reduction plan drew skepticism from a prominent Wall Street analyst, who questioned the rationale for cutting a considerable portion of its workforce while attaining growth of 20%+ in several categories.
