Sportradar reported its second quarter sales were up 22% globally to $237.7 million (€216.4 million), as bettors worldwide generated more activity in higher-priced offerings, such as managed betting services, according to the company.
The company is “optimizing our portfolio with a focus on products that will give us a higher margin,” CEO Carsten Koerl said in a call with analysts Wednesday morning.
The sports data and analytics business also said business in the U.S. continues to grow quickly, with stateside revenue rising 31% to $41.8 million (€38 million) as betting and audiovisual services more than doubled.
The company said in its earnings release Wednesday that partnerships with MLB, NBA and NHL helped drive business in the U.S.
