Why Was Sportradar Stock Down on Aug 5, 2026?

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.