Exhibit 
Number

Description

Revenue in the first quarter of 2022 increased 31% to €167.9 million ($186.4 million)¹ compared with the first quarter of 2021, driven by strong growth across all business segments. In particular, the U.S. segment revenue grew by 124% to €25.7 million ($28.5 million) compared with the first quarter of 2021.

Adjusted EBITDA² in the first quarter of 2022 decreased 5% to €26.7 million ($29.6 million)¹ compared with the first quarter of 2021 primarily due to higher costs associated with being a public company as well as reversal of certain temporary COVID-19 related cost savings versus the first quarter of 2021.

Adjusted EBITDA margin² was 16% in the first quarter of 2022, compared with 22% over the prior year period.

Adjusted Free Cash Flow² in the first quarter of 2022 increased by 100% to €12.9 million, compared with the prior year period. The resulting free cash flow conversion² was 48% in the quarter.

Strong Net Retention Rate², based on the last twelve months, increased to 121% at the end of the first quarter of 2022 compared with 107% the same period in 2021 highlighting the continued success of the Company’s cross-sell and upsell strategy across its global customer base.

Cash and cash equivalents totaled €715.5 million as of March 31, 2022. Total liquidity available for use at March 31, 2022, including undrawn credit facilities was €825.5 million.

The Company reiterated its previously provided annual outlook for full-year 2022 for revenue and Adjusted EBITDA². Please see the “Annual Financial Outlook” section of this press release for further details.

Revenue

Adjusted EBITDA²

Adjusted EBITDA margin²

Adjusted Free Cash Flow²

Free Cash Flow Conversion²

For the convenience of the reader, we have translated Euros amounts in the tables below at the noon buying rate of the Federal Reserve Bank of New York on March 31, 2022, which was €1.00 to $1.11.

Non-IFRS financial measure; see “Non-IFRS Financial Measures and Operating Metrics” and accompanying tables for further explanations and reconciliations of non-IFRS measures to IFRS measures.

Segment revenue in the first quarter of 2022 increased by 25% to €86.7 million compared with the first quarter of 2021. This growth was driven primarily by increased sales of our higher value-add offerings including Managed Betting Services (MBS) which increased 51% to €26.4 million and Live Data/ Odds Services, which increased 16% to €46.8 million. MBS growth is attributable to increased turnover³ and Live Data/ Odds Services grew as a result of upselling content to existing customers. MBS includes Managed Trading Services (MTS) and Managed Platform Services (MPS). Additionally, increased content sales from the Synergy acquisition contributed to the growth.

Segment Adjusted EBITDA² in the first quarter of 2022 increased by 13% to €44.6 million compared with the first quarter of 2021. Segment Adjusted EBITDA margin² decreased to 51% from 57% in the first quarter of 2021 driven by temporary savings in sport rights and scouting costs in the prior year related to the COVID-19 pandemic as well as acquisition of new sport rights.

Segment revenue increased in the first quarter of 2022 by 17% to €45.9 million compared with the first quarter of 2021. This growth was primarily a result of increased content from Tennis Australia and the National Hockey League (NHL) as well as upselling content from the Synergy acquisition.

Segment Adjusted EBITDA² in the first quarter of 2022 was flat at €8.9 million compared with the first quarter of 2021. Segment Adjusted EBITDA margin² decreased to 19% from 23% compared with the first quarter of 2021 primarily due to higher sports rights costs driven by the easing of the COVID-19 pandemic versus prior year, and acquisition of new sports rights.

Segment revenue in the first quarter of 2022 increased by 124% to €25.7 million compared with the first quarter of 2021. This growth was driven by increased sales of U.S. Betting services primarily as a result of new states legalizing betting. We also experienced growth from increased sales to media companies and a positive impact from the acquisition of Synergy Sports.

Segment Adjusted EBITDA² in the first quarter of 2022 was (€6.4) million compared with the first quarter of 2021 of (€3.6) million, primarily due to increased investment in the Company’s league and team solutions focused business. Segment Adjusted EBITDA margin² improved to (25%) from (32%) compared with the first quarter of 2021 reflecting an improvement in the U.S. segment operating leverage.

Non-IFRS financial measure; see “Non-IFRS Financial Measures and Operating Metrics” and accompanying tables for further explanations and reconciliations of non-IFRS measures to IFRS measures.

Turnover is the total amount of stakes placed and accepted in betting.

Personnel expenses in the first quarter of 2022 increased by €13.7 million to €52.3 million compared with the first quarter of 2021 primarily resulting from additional hires in the Company’s product and technology organizations across high and low-cost locations. Employee headcount increased by 620 to 3,075 full time employees at the end of the first quarter of 2022 compared with the first quarter of 2021.

Other Operating expenses in the first quarter of 2022 increased by €5.0 million to €19.5 million compared with the first quarter of 2021 mainly driven by higher costs associated with being a public company, and the reversal of temporary COVID-19 related cost savings versus the prior year.

Total Sport rights costs in the first quarter of 2022 increased by €13.1 million to €54.0 million compared with the first quarter of 2021, primarily resulting from new rights for 2022 for ICC, UEFA, ATP and a normalized schedule in sports such as NBA, NHL and MLB, as COVID-19 pandemic restrictions eased.

In April 2022, Sportradar acquired Vaix, a pioneer in developing AI solutions for the iGaming Industry. Vaix’s innovative AI technology allows betting and gaming operators to gain a personalized view of their customers, which provides a more targeted, player-friendly experience. Sportradar has partnered with Vaix previously and incorporated its technology into its Managed Trading Services (MTS) offering. Sportradar’s MTS solution is a sophisticated trading, risk, live odds and liability management offering that helps betting operators boost margins and profits, while increasing efficiency and managing risk.

Sportradar was awarded a supplier registration for online/mobile wagering in Ontario. With this registration for online/mobile wagering from the Alcohol and Gaming Commission of Ontario, Sportradar now holds over 36 licenses in North America across states, territories, tribes, and Canada. Additionally, Sportradar Integrity Services and the Canadian Hockey League announced a multi-year education and bet monitoring services agreement. This new relationship increases Sportradar Integrity Services’ portfolio of ice hockey partners to nine different leagues and federations around the world and strengthens its leadership position across North American sports leagues.

The Company continued to strengthen its U.S. leadership by appointing former Fiserv executive Michael Gandolfo as Group Head, Regional Sales. Gandolfo led the Fiserv’s Large Financial Institution Sales and Service Team, responsible for over 300 top financial institutional clients.

Norwegian state gaming operator, Norsk Tipping, will deploy Sportradar’s internet-based Self-Service Betting Terminal (iSSBT) into 245 retail outlets across Norway to support the gaming operator’s growth. iSSBT is deployed in over 500 retail outlets, enabling Norsk Tipping to establish a mobile-first and online digital strategy, along with a retail presence.

Sportradar continued to advance its mission to detect, investigate and prevent betting-related match-fixing, doping and other threats to the integrity of sport by announcing a multi-year integrity partnership with NASCAR, an expansion of a previous agreement to provide bet monitoring and reporting with its Universal Fraud Detection System (UFDS), launching a Sportradar Integrity Exchange, a network that enables bookmakers to report suspicious betting activity and extended its work with the Austrian Federal Criminal Police on anti-doping.

The Company also announced that it will act as an advisor to Bowl Season on the sports betting space in a responsible manner, with a focus on educating the organization’s membership on the rapidly evolving world of sports betting, as well as the opportunity to expand the scope to include Sportradar’s Integrity Services.

Revenue is expected to be in the range of €665.0 million to €700.0 million ($738.2 million to $777.0 million)¹, representing growth of 18% to 25% over fiscal 2021.

Adjusted EBITDA² is expected to be in the range of €123.0 million to €133.0 million ($136.5 million to $147.6 million)¹, representing growth of 21% to 30% over fiscal 2021.

Adjusted EBITDA margin² is expected to be in the range of 18.5% to 19.0%, an improvement over the prior year.

For the convenience of the reader, we have translated Euros amounts in the tables below at the noon buying rate of the Federal Reserve Bank of New York on March 31, 2022, which was €1.00 to $1.11.

Non-IFRS financial measure; see “Non-IFRS Financial Measures and Operating Metrics” and accompanying tables for further explanations and reconciliations of non-IFRS measures to IFRS measures.

“Adjusted EBITDA” represents profit (loss) for the period adjusted for share based compensation, depreciation and amortization (excluding amortization of sports rights), impairment of intangible assets, other financial assets and equity-accounted investee, loss from loss of control of subsidiary, non-routine litigation costs, foreign currency (gains) losses, finance income and finance costs, and income tax (expense) benefit and certain other non-recurring items, as described in the reconciliation below.

“Adjusted EBITDA margin” is the ratio of Adjusted EBITDA to revenue.

“Adjusted Free Cash Flow” represents net cash from operating activities adjusted for payments for lease liabilities, acquisition of property and equipment, acquisition of intangible assets (excluding certain intangible assets required to further support an acquired business) and foreign currency gains (losses) on our cash equivalents. We consider Adjusted Free Cash Flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business after the purchase of property and equipment, of intangible assets and payment of lease liabilities, which can then be used to, among other things, to invest in our business and make strategic acquisitions. A limitation of the utility of Adjusted Free Cash Flow as a measure of liquidity is that it does not represent the total increase or decrease in our cash balance for the year.

“Cash Flow Conversion” is the ratio of Adjusted Free Cash Flow to Adjusted EBITDA.

“Net Retention Rate” is calculated for a given period by starting with the reported Trailing Twelve Month revenue, which includes both subscription-based and revenue sharing revenue, from our top 200 customers as of twelve months prior to such period end, or prior period revenue. We then calculate the reported trailing twelve-month revenue from the same customer cohort as of the current period end, or current period revenue. Current period revenue includes any upsells and is net of contraction and attrition over the trailing twelve months but excludes revenue from new customers in the current period. We then divide the total current period revenue by the total prior period revenue to arrive at our Net Retention Rate. We have referred to this calculation as “Dollar-Based Net Retention Rate” in prior press releases, which is the same calculation we are now using for “Net Retention Rate” in this press release.

Revenue

Purchased services and licenses (excluding depreciation and amortization)

Internally-developed software cost capitalized

Personnel expenses

Other operating expenses

Depreciation and amortization

Impairment (loss) gain on trade receivables, contract assets and other financial assets

Share of loss of equity-accounted investees

Foreign currency gains (losses), net

Finance income

Finance costs

Net income before tax

Income tax expense

Profit for the period

Other Comprehensive Income

Items that will not be reclassified subsequently to profit or loss

Remeasurement of defined benefit liability

Related deferred tax expense

Items that may be reclassified subsequently to profit or loss

Foreign currency translation adjustment attributable to the owners of the company

Foreign currency translation adjustment attributable to non-controlling interests

Other comprehensive income for the period, net of tax

Total comprehensive income for the period

Profit attributable to:

Owners of the Company

Non-controlling interests

Total comprehensive income (loss) attributable to:

Owners of the Company

Non-controlling interests

Share count

Assets

Current assets

Cash and cash equivalents

Trade receivables

Contract assets

Other assets and prepayments

Income tax receivables

Non-current assets

Property and equipment

Intangible assets and goodwill

Equity-accounted investees

Other financial assets and other non-current assets

Deferred tax assets

Total assets

Current liabilities

Loans and borrowings

Trade payables

Other liabilities

Contract liabilities

Income tax liabilities

Non-current liabilities

Loans and borrowings

Trade payables

Other non-current liabilities

Deferred tax liabilities

Total liabilities

Ordinary shares

Participation certificates

Treasury shares

Additional paid-in capital

Retained earnings

Other reserves

Equity attributable to owners of the Company

Non-controlling interest

Total equity

Total liabilities and equity

OPERATING ACTIVITIES:

Profit for the period

Adjustments to reconcile profit for the year to net cash provided by operating activities:

Income tax expense

Interest income

Interest expense

Impairment losses on financial assets

Other financial expenses

Foreign currency (losses) gains, net

Amortization of intangible assets

Depreciation of property and equipment

Equity-settled share-based payments

Other

Cash flow from operating activities before working capital changes, interest and income taxes

Increase in trade receivables, contract assets, other assets and prepayments

Increase in trade and other payables, contract and other liabilities

Changes in working capital

Interest paid

Interest received

Income taxes received (paid)

Net cash from operating activities

INVESTING ACTIVITIES:

Acquisition of intangible assets

Acquisition of property and equipment

Acquisition of subsidiaries, net of cash acquired

Issuance of loans receivable

Collection of deposits

Payment of deposits

Net cash used in investing activities

FINANCING ACTIVITIES:

Payment of lease liabilities

Acquisition of non-controlling interests

Principal payments on bank debt

Purchase of treasury shares

Proceeds from issuance of MPP share awards

Change in bank overdrafts

Proceeds from issue of participation certificates

Net cash (used in) from financing activities

Net increase in cash

Cash and cash equivalents as of January 1

Effects of movements in exchange rates

Cash and cash equivalents as of March 31

in €‘000

Segment revenue

Segment Adjusted EBITDA

Unallocated corporate expenses⁽¹⁾

Adjusted EBITDA

Adjusted EBITDA margin

in €‘000

Segment revenue

Segment Adjusted EBITDA

Unallocated corporate expenses⁽¹⁾

Adjusted EBITDA

Adjusted EBITDA margin

Unallocated corporate expenses primarily consist of salaries and wages for management, legal, human resources, finance, office, technology and other costs not allocated to the segments. The year over year change in these expenses is primarily a result of the absence of temporary COVID-19 related cost savings versus the prior year, costs associated with the Company’s initial public offering and being a public company, as well as M&A costs.

in €‘000

Profit for the period

Share based compensation

Litigation costs¹

Professional fees for SOX implementation

One-time charitable donation for Ukrainian relief activities

Depreciation and amortization

Amortization of sport rights

Impairment loss on other financial assets

Foreign currency (gains) losses, net

Finance income

Finance costs

Income tax expense

Adjusted EBITDA

Includes mainly legal related costs in connection with one non-routine litigation.

Net cash from operating activities

Acquisition of intangible assets

Acquisition of property and equipment

Payment of lease liabilities

Foreign currency gains on cash equivalents

Adjusted Free Cash Flow