Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Sportradar International Ltd. reported its second quarter 2026 financial results, highlighting 19% year-over-year revenue growth to EUR 378 million, primarily driven by increased betting and gaming content revenues, particularly through the monetization of IMG ARENA rights.</li><li>On a constant currency basis, revenue growth was approximately 21%.</li><li>The company achieved an adjusted EBITDA of EUR 76 million, reflecting a 19% increase compared to the prior year, supported by operational efficiencies and synergy realization from IMG ARENA integration.</li></ul>

Sportradar International Ltd. reported its second quarter 2026 financial results, highlighting 19% year-over-year revenue growth to EUR 378 million, primarily driven by increased betting and gaming content revenues, particularly through the monetization of IMG ARENA rights.On a constant currency basis, revenue growth was approximately 21%.The company achieved an adjusted EBITDA of EUR 76 million, reflecting a 19% increase compared to the prior year, supported by operational efficiencies and synergy realization from IMG ARENA integration.

Sportradar International Unlocks New Markets With Kalshi & Polymarket; What's Next?

<ul><li>Sportradar Group reported strong financial results for the full year 2025, demonstrating broad-based revenue growth across its product portfolio and geographies.</li><li>Total revenue grew 17% year-over-year to EUR 1.3 billion, driven by increased uptake from existing partners, robust expansion of the U.S. market (up 23%), and contributions from the acquisition of IMG.</li><li>The integration of IMG, completed in November 2025, contributed meaningful revenue synergies, with customer uptake exceeding initial expectations.</li></ul>

Sportradar Group reported strong financial results for the full year 2025, demonstrating broad-based revenue growth across its product portfolio and geographies.Total revenue grew 17% year-over-year to EUR 1.3 billion, driven by increased uptake from existing partners, robust expansion of the U.S. market (up 23%), and contributions from the acquisition of IMG.The integration of IMG, completed in November 2025, contributed meaningful revenue synergies, with customer uptake exceeding initial expectations.

Sportradar: How Its Bold Brazil Bet Is Unlocking Massive iGaming Opportunities!

<ul><li>Sportradar Group's third quarter results for 2025 highlight a strong operational performance, showcasing the company's solid position in the global sports ecosystem.</li><li>The company reported record revenues of EUR 292 million, marking a 14% increase from the previous year, with a 29% growth in adjusted EBITDA.</li><li>Key drivers include higher uptake from existing partners, continued robust U.S. market growth, and strong trading results from their managed trading services.</li></ul>

Sportradar Group's third quarter results for 2025 highlight a strong operational performance, showcasing the company's solid position in the global sports ecosystem.The company reported record revenues of EUR 292 million, marking a 14% increase from the previous year, with a 29% growth in adjusted EBITDA.Key drivers include higher uptake from existing partners, continued robust U.S. market growth, and strong trading results from their managed trading services.

Sportradar’s U.S. Expansion Is Heating Up—But What’s the Real iGaming Opportunity?

<ul><li>Sportradar Group AG delivered a solid performance in the second quarter of 2025, marked by all-time record revenues at $318 million, indicating a 14% year-over-year increase.</li><li>This growth is attributed to product diversification and strong uptake across both betting technology and solutions as well as sports content, technology, and services.</li><li>U.S. market expansion, significant growth in existing client engagement, and new customer acquisitions contributed notably to this achievement.</li></ul>

Sportradar Group AG delivered a solid performance in the second quarter of 2025, marked by all-time record revenues at $318 million, indicating a 14% year-over-year increase.This growth is attributed to product diversification and strong uptake across both betting technology and solutions as well as sports content, technology, and services.U.S. market expansion, significant growth in existing client engagement, and new customer acquisitions contributed notably to this achievement.

Sportradar Group AG delivered a solid performance in the second quarter of 2025

United States

Sportradar Group AG operates as a leisure and entertainment company. The Company offers sports betting and entertainment products and services. Sportradar Group serves customers worldwide.

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Sportradar Group AG (SRAD US)

Sportradar International Unlocks New Markets With Kalshi & Polymarket; What's Next?

Sportradar International Ltd. reported its second quarter 2026 financial results, highlighting 19% year-over-year revenue growth to EUR 378...

Baptista Research

Sportradar: How Its Bold Brazil Bet Is Unlocking Massive iGaming Opportunities!

Sportradar Group reported strong financial results for the full year 2025, demonstrating broad-based revenue growth across its product portfolio...

Baptista Research

Sportradar’s U.S. Expansion Is Heating Up—But What’s the Real iGaming Opportunity?

Sportradar Group's third quarter results for 2025 highlight a strong operational performance, showcasing the company's solid position in the...

Baptista Research

Sportradar Group AG delivered a solid performance in the second quarter of 2025

Sportradar Group AG delivered a solid performance in the second quarter of 2025, marked by all-time record revenues at $318 million, indicating a...

Baptista Research

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