of the Charlotte Bobcats<\/a>, and Ted Leonsis of the Washington Wizards.<\/p>\nBig Growth Ahead<\/p>\n
Whether Sportradar becomes a publicly traded entity remains to be seen, but what isn’t debatable is that the data provider is at the corner of some significant growth opportunities.<\/p>\n
\u201cThe company has been well placed as the largest player in the market to outpace the market, with average organic revenue growth of 29% between 2014 to 2019,\u201d notes Fitch. \u201cPositive sector trends, such as the continued growth in online betting with its 24-hour betting options, e-sports and simulation sports gambling should mean more data points for Sportradar and its competitors to sell on the pre-game and live data markets.\u201d<\/p>\n
Additionally, the company proved sturdy in the face of the COVID-19 pandemic with revenue falling just one percent in the first half of 2020 owing to visibility supported by client contracts, which typically run one to five years.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sports data provider Sportradar landed a long-term issuer default rating of \u201cB\u201d with a \u201cstable\u201d outlook from Fitch Ratings after the privately held company sold $494.36 million in debt. That senior secured loan issue was graded \u201cB+\u201d by Fitch. Both marks are in junk territory and considered highly speculative in the credit universe. Switzerland-based Sportradar […]<\/p>\n","protected":false},"author":46,"featured_media":152050,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[],"acf":[],"yoast_head":"\n
Sportradar Gets Junk Grade in First Fitch Evaluation<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n