These Analysts Cut Their Forecasts On Sportradar Group Following Weak Q2 Results - Sportradar Gr (NASDAQ:

Sportradar Group AG (NASDAQ:SRAD) on Monday reported worse-than-expected second-quarter financial results and cut its FY26 sales guidance below estimates.

Sportradar reported quarterly losses of 1 cent per share which missed the analyst consensus estimate of earnings of 6 cents per share.

The company reported quarterly sales of $439.230 million which missed the analyst consensus estimate of $450.760 million.

Sportradar cut its FY2026 sales guidance from $1.813 billion-$1.842 billion to $1.765 billion-$1.782 billion.

Carsten Koerl, Chief Executive Officer of Sportradar, said, "Sportradar’s second-quarter financial growth, along with the progress we delivered across a variety of key strategic initiatives, reflects our mission-critical role at the center of the global sports ecosystem.