Why Is Sportradar Stock Down Today?
A revenue miss, a EUR 63 million FX swing, and a guidance cut built on three separate named causes.
- Sportradar's Q2 2026 revenue rose 19% year over year to EUR 378 million but missed the EUR 381.9 million estimate, and adjusted EPS of EUR 0.00 missed the EUR 0.06 estimate — shares fell 11.0% on the day.
- The company swung to a EUR 4 million net loss from EUR 49 million in net income a year earlier, with a EUR 9 million unrealized foreign-exchange loss on US-dollar sports rights reversing a EUR 54 million gain in the same quarter last year.
- Sportradar also cut its FY2026 constant-currency revenue growth guidance to 19%-21%, citing slower US sportsbook growth, international regulatory and tax pressure, and delays in prediction-market deals — three distinct, named causes rather than one.
Reaction by asset (real prices)
| Asset | 2m before | At release | +1m | +10m | +1m % | +10m % | Vol vs normal |
|---|---|---|---|---|---|---|---|
| SRAD | — | — | — | — | -14.67% | -11.00% | — |
Sportradar grew Q2 2026 revenue 19% year over year to EUR 378 million, but that still missed the EUR 381.9 million estimate, and adjusted EPS of EUR 0.00 missed the EUR 0.06 consensus. Shares fell 11.0% on the day.
A currency swing did real damage on its own
Sportradar swung to a EUR 4 million net loss from EUR 49 million in net income in the same quarter a year earlier. A meaningful piece of that swing is not operational: the company booked a EUR 9 million unrecognized foreign-exchange loss on its US-dollar-denominated sports rights, versus a EUR 54 million foreign-exchange gain in the prior-year quarter. That is roughly a EUR 63 million swing in FX treatment alone, layered on top of the underlying revenue miss.
Three separate causes behind the guidance cut, not one
Sportradar cut its FY2026 constant-currency revenue growth guidance to 19%-21%. Management named three distinct, unrelated pressures behind the cut: slower growth in US sportsbook partners, international regulatory and tax headwinds outside the US, and delays in closing prediction-market deals. That combination — a core market slowdown, a policy/tax drag in other markets, and a stalled new product line — is a broader-based guidance cut than a single named cause would suggest.
What to watch
Whether the prediction-market deals Sportradar flagged as delayed actually close in the next two quarters is the clearest signal on whether this guidance cut reflects timing or a genuine shift in the growth trajectory.
Sources
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Q2 2026: Sportradar cuts guidance despite 19% revenue rise
— NEXT.io
Q2 revenue, YoY growth rate, and the revised FY2026 constant-currency revenue growth guidance range.
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Sportradar Shares Drop After Earnings Miss and Lower-Than-Expected Outlook
— Yahoo Finance
Adjusted EPS miss, net loss versus prior-year net income, and the foreign-exchange swing on US-dollar sports rights.
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