Sportradar Group AG

Ladies and gentlemen, thank you for standing by. Welcome to the Sport Radar third quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you would need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would like now to turn the conference over to Jim Bombasi, Head of Investor Corporate Finance. Please go ahead.

Thank you, Operator. Hello, everyone, and thank you for joining us for Sport Radar's earnings call for the third quarter of 2024. Please note that the slides we will reference during this presentation can be accessed through the webcast or on our website at investors.sportradar.com. and will be posted on our website at the conclusion of this call. A replay of today's call will also be available on our website. After our prepared remarks, we will open up the call to questions from the analysts and investors. In the interest of time, please limit yourself to one question and one follow-up. Please note that some of the information you will hear during this discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue and future business outlook. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. For more information, please refer to the risk factors discussed in our annual report on Form 20F and Form 6K filed today with the SEC, along with the associated earnings release. We assume no obligation to update any forward-looking statements or information. We speak as of their respective dates. Also during today's call, we will present both IFRS and non-IFRS financial measures. Additional disclosures regarding these non-IFRS measures, including our reconciliation of IFRS to non-IFRS measures, are included in the earnings release, supplemental slides, and our filings with the SEC. Each of which is posted to our investor relations website. Joining me today are Karsten Curl, our CEO, and Craig Fellenstein, our CFO. Now I'll turn the call over to Karsten.

Thank you for joining our third quarter earnings call. I'm very pleased to share these excellent results with you. Our business delivered on the key metrics that drive value with revenue growth of 27%, adjusted EBITDA of 30%, and strong free cash flow up 140% year-to-date. We grow margins in the quarter and are once again raising our full-year guidance. and now expect margin expansion for the full year. This performance was fueled by the continued execution of our strategy and underpinned of our core competitive advantages, including the depth and breadth of our sports coverage, broad product portfolio, and unmatched global distribution network. Our unparalleled scale and expertise make us indispensable to the sports ecosystem. We bring together 800 operators, 400 sport leagues, and 900 media companies to cover close to a million matches annually. We have the richest and deepest data sets in the industry, which we efficiently monetize to consistently outperform the market. Importantly, we are now on an inflection point to drive multi-year operating margin expansions generating significant cash flow, and deliver meaningful shareholder value. We believe that free cash flow is the key driver of value, and we are laser-focused to drive more and more every dollar to the bottom line. Our ability to generate substantial profitability and cash flow is the result of the scale of the business we have established and this between which we are operating.