Sportradar is evaluating potential acquisitions as the sports betting data and analytics market seems destined to consolidate into two competitors.
During Tuesday’s earnings call with Wall Street analysts, founder and CEO Carsten Koerl was asked why Sportradar’s previously approved $200 million stock buyback program has so far spent only $7 million. The executive gave three reasons—preserving cash for general organic growth and investing in growth areas such as its ads business were two.
The third was more intriguing: “We are looking into opportunities which are arising on the market—you might have followed some of the statements. There is a consolidation going on and some properties are coming to the market.”
