lalabear
2021-09-15
Yes
Sportradar fell 0.83% on its first day of trading<blockquote>Sportradar 首日交易下跌 0.83%</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":882992786,"tweetId":"882992786","gmtCreate":1631637384745,"gmtModify":1631891505523,"author":{"id":4087621400674580,"idStr":"4087621400674580","authorId":4087621400674580,"authorIdStr":"4087621400674580","name":"lalabear","avatar":"https://static.tigerbbs.com/a1763b48ffed5396b0f7f8ce408d9a00","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":5,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>Yes</p></body></html>","htmlText":"<html><head></head><body><p>Yes</p></body></html>","text":"Yes","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/882992786","repostId":1149444561,"repostType":4,"repost":{"id":"1149444561","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631637038,"share":"https://www.laohunote.com/m/news/1149444561?lang=zh_CN&edition=full","pubTime":"2021-09-15 00:30","market":"us","language":"en","title":"Sportradar fell 0.83% on its first day of trading<blockquote>Sportradar 首日交易下跌 0.83%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149444561","media":"Tiger Newspress","summary":"Online betting company Sportradar opened at $27 each on Tuesday.\n\nEverything To Like About The Sport","content":"<p>Online betting company Sportradar opened at $27 each on Tuesday.</p><p><blockquote>在线博彩公司Sportradar周二开盘，每张27美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/50aafa6b5817c8055173c9017ac900d2\" tg-width=\"1080\" tg-height=\"2240\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Everything To Like About The Sportradar IPO</p><p><blockquote>Sportradar IPO 的一切值得喜欢</blockquote></p><p> <b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Sportradar Group AG is preparing to go public at a valuation of $7.8 billion and will raise over $500 million.</li> <li>Sportradar plays an important, though indirect role in the rapidly growing sports betting industry. However, it faces tough competition.</li> <li>Sportradar’s finances are in good shape with high growth and a positive net profit, and its valuation appears low relative to competitors.</li> <li>Investors should strongly consider this company when it goes public.</li> </ul> Sportradar (NASDAQ:SRAD) has released pricing information about its upcoming IPO.Renaissance Capitalreported on Tuesday that Sportradar “plans to raise $504 million by offering 19 million shares at a price range of $25 to $28,” as well as an additional $159 million concurrent private placement. This will give the Swiss company a valuation of $7.8 billion at the midpoint range.</p><p><blockquote><ul><li>Sportradar Group AG正准备以78亿美元的估值上市，并将筹集超过5亿美元。</li><li>Sportradar在快速增长的体育博彩业中发挥着重要的作用，尽管是间接的。然而，它面临着激烈的竞争。</li><li>Sportradar 的财务状况良好，增长迅速，净利润为正，但与竞争对手相比，其估值似乎较低。</li><li>投资者应该在这家公司上市时强烈考虑它。</li></ul>Sportradar（纳斯达克股票代码：SRAD）公布了其即将进行的首次公开募股的定价信息。Renaissance Capital 周二报道称，Sportradar “计划以 25 至 28 美元的价格发行 1900 万股股票，筹集 5.04 亿美元”，并同时进行 1.59 亿美元的私募。这将使这家瑞士公司的估值达到78亿美元，处于中点区间。</blockquote></p><p> These numbers may be a tiny disappointment for Sportradar, as it had been reportedly shooting for a$10 billion valuationearlier in the year by undergoing a SPAC. But it is great news for investors, as there is a great deal to like about Sportradar. The sports company is in a market with major growth potential, is profitable, and has been growing rapidly. Concerns remain such as COVID and other competition, but investors should strongly consider getting in on this company as soon as possible especially compared to its main competitors.</p><p><blockquote>这些数字可能会让 Sportradar 有点失望，因为据报道，该公司在今年早些时候通过 SPAC 获得了 100 亿澳元的估值。但这对投资者来说是个好消息，因为Sportradar有很多值得喜欢的地方。这家体育公司所处的市场具有巨大的增长潜力，盈利，并且一直在快速增长。新冠疫情和其他竞争等担忧依然存在，但投资者应强烈考虑尽快入股这家公司，尤其是与其主要竞争对手相比。</blockquote></p><p> <b>Sports Gambling Market Potential</b></p><p><blockquote><b>体育博彩市场潜力</b></blockquote></p><p> Sports betting has become increasingly accepted and thus a more lucrative market in recent years, as governments have legalized it for the first time.Front Office Sportsreported in June that the US sports betting market could reach $37 billion by 2025 compared to its present value of $9.5 billion. Furthermore, the global sports betting market could reach as much as $144 billion by the same timeframe. And while there are some concerns due to COVID, it is highly unlikely that sports leagues will once again start canceling their events going forward.</p><p><blockquote>近年来，随着政府首次将体育博彩合法化，体育博彩越来越被接受，因此也是一个更有利可图的市场。Front Office sports在6月份报道称，到2025年，美国体育博彩市场可能达到370亿美元，而目前的价值为95亿美元。此外，在同一时间段内，全球体育博彩市场可能达到1440亿美元。虽然由于COVID有一些担忧，但体育联盟不太可能再次开始取消他们的赛事。</blockquote></p><p> Sportradar’s plan is to be the company selling shovels in this betting gold rush. What it intends to sell is information. Sportradar works with sports leagues across the world to help compile sports data. This data helps betting companies set better odds, helps bettors know that the betting company is not making any mistakes, and helps media companies know that they have the right data.</p><p><blockquote>Sportradar 的计划是成为这场博彩淘金热中销售铲子的公司。它打算卖的是信息。Sportradar与世界各地的体育联盟合作，帮助汇编体育数据。这些数据有助于博彩公司设定更好的赔率，帮助投注者知道博彩公司没有犯任何错误，并帮助媒体公司知道他们拥有正确的数据。</blockquote></p><p> The right data is not just about tracking points, home runs, or touchdowns. Sportradar claims in itsF-1/Athat it tracks “over 1.2 billion live data points per year from over 600,000 events in 37 sports,” which created over 21 billion odds changes. Furthermore, Sportradar has a strong data rights portfolio, as it has partnerships with the NBA, MLB, and NHL among other sports leagues across the world.</p><p><blockquote>正确的数据不仅仅是跟踪得分、本垒打或触地得分。Sportradar 在 itsF-1/Athat 中声称，它每年跟踪 “来自 37 个体育项目 60 多万场赛事的 12 亿多个实时数据点”，从而产生了超过 210 亿个赔率变化。此外，Sportradar拥有强大的数据权利组合，因为它与NBA、MLB和NHL以及世界各地的其他体育联盟建立了合作伙伴关系。</blockquote></p><p> These factors point to a company with major growth potential, but then there is the issue of competition. Sportradar’s primary competitor is Genius Sports (NYSE:GENI), which went public this April. After some stumbles a few weeks back, Genius has performed well and has a market cap of $4.23 billion as of the time of writing. While smaller than what Sportradar is aiming for, Genius does have a prized partnership with the NFL and reported a revenue growth of 108% a few days ago perCNBC.</p><p><blockquote>这些因素表明一家公司具有巨大的增长潜力，但随之而来的是竞争问题。Sportradar 的主要竞争对手是今年 4 月上市的 Genius Sports（纽约证券交易所股票代码：GENI）。在经历了几周前的一些挫折之后，Genius 表现良好，截至撰写本文时市值为 42.3 亿美元。虽然比 Sportradar 的目标要小，但 Genius 确实与 NFL 建立了宝贵的合作伙伴关系，几天前向 CNBC 报告收入增长了 108%。</blockquote></p><p> Sportradar will need to show how it can continue to distinguish itself from its competitors like Genius, as well as Stats Perform, IMGArena, and BetConstruct. But the company has a Dollar-Based Net Retention Rate of 138% which shows an ability to keep customers. Furthermore, the massive potential of the sports betting market means that Sportradar will be able to keep growing without having to poach from competitors.</p><p><blockquote>Sportradar 需要展示如何继续与 Genius 等竞争对手以及 Stats Perform、IMGArena 和 BetConstruct 区分开来。但该公司以美元计算的净保留率为 138%，这表明其有能力留住客户。此外，体育博彩市场的巨大潜力意味着Sportradar将能够在不挖走竞争对手的情况下保持增长。</blockquote></p><p> <b>Finances and Valuation</b></p><p><blockquote><b>财务及估值</b></blockquote></p><p> Sportradar’s growth potential is shown by its finances, where it is the rare tech company which can report both high growth and profitability. The company reported a revenue of $318 million in the first half of 2021, up 42% from the same time period last year. This is probably elevated due to the pandemic depressing 2020 revenue as it only grew 6% in 2020, but Sportradar reports a CAGR of 25% going back to 2016. That is a more reasonable yet still sufficient growth rate.</p><p><blockquote>Sportradar 的增长潜力体现在其财务状况上，它是少有的既能实现高增长又能实现盈利的科技公司。该公司公布2021年上半年收入为3.18亿美元，比去年同期增长42%。这可能是由于疫情压低了 2020 年收入，因为 2020 年收入仅增长了 6%，但 Sportradar 报告称，截至 2016 年，CAGR 为 25%。这是一个更合理但仍然足够的增长率。</blockquote></p><p> Furthermore, Sportradar reported a net income of over $20 million in the first half of 2021 and has a history of profitability going back to at least 2019. Cash flow is also positive, with a net gain of $67 million in cash from operating activities in the first half of 2021.</p><p><blockquote>此外，Sportradar报告称，2021年上半年净利润超过2000万美元，盈利历史至少可以追溯到2019年。现金流也为正，2021年上半年经营活动现金净收益为6700万美元。</blockquote></p><p></p><p> Finally, Sportradar reports having $223 million in cash against $967 million in total liabilities. What these numbers show is that Sportradar is rapidly growing, though admittedly not as fast as Genius Sports. But unlike Genius, Sportradar is larger and reports a profit.</p><p><blockquote>最后，Sportradar 报告称拥有 2.23 亿美元现金，而总负债为 9.67 亿美元。这些数字表明，Sportradar正在快速增长，尽管不可否认没有Genius Sports快。但与 Genius 不同的是，Sportradar 规模更大，并且有利润。</blockquote></p><p> The next question thus becomes whether Sportradar is worth $7.8 billion. At that market cap, Sportradar has an enterprise value of about $8.5 billion. If we just extrapolate Sportradar’s revenue for the entire year and presume a revenue of $636 million, this gives an EV/revenue ratio of 13.36. By contrast, Genius Sports has an enterprise value of nearly $4 billion, and its first half 2021 revenue was just $109.5 million. From that metric, Sportradar thus appears to be the safer long-term bet.</p><p><blockquote>因此，下一个问题变成了 Sportradar 是否值 78 亿美元。按市值计算，Sportradar 的企业价值约为 85 亿美元。如果我们推断 Sportradar 全年的收入，假设收入为 6.36 亿美元，那么电动汽车/收入比为 13.36。相比之下，Genius Sports的企业价值接近40亿美元，2021年上半年营收仅为1.095亿美元。从这个指标来看，Sportradar 似乎是更安全的长期赌注。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> While there is a great deal to like about Sportradar, that does not suggest that there are no problematic clouds on the horizon. I believe that the current COVID situation, where many are reluctant to go outside but sports games are still ongoing, is an excellent situation for Sportradar as people watching from home are more likely to bet online. But if it worsens and sports events are canceled, that would be problematic. If it improves, people may start going for other entertainment options such as casinos which could hurt Sportradar’s growth.</p><p><blockquote>虽然Sportradar有很多值得喜欢的地方，但这并不意味着地平线上没有有问题的云。我相信，目前的COVID情况，许多人不愿意外出，但体育比赛仍在进行，对Sportradar来说是一个极好的情况，因为在家观看的人更有可能在网上下注。但如果情况恶化，体育赛事被取消，那就有问题了。如果情况有所改善，人们可能会开始选择赌场等其他娱乐方式，这可能会损害 Sportradar 的发展。</blockquote></p><p> But Sportradar has shown an ability to consistently grow and is in a market which has major potential almost regardless of the state of COVID. Its financial numbers are in solid shape, and few companies provide a product like what it offers. Finally, its valuation of $7.8 billion is eminently fair, especially by the standards of a typical tech company IPO.</p><p><blockquote>但Sportradar已经显示出持续增长的能力，并且几乎无论COVID的状态如何，它都处于一个具有巨大潜力的市场。它的财务数据状况良好，很少有公司能提供像它这样的产品。最后，其78亿美元的估值非常公平，尤其是按照典型科技公司IPO的标准。</blockquote></p><p> Investors who chase growth above all else may want to consider Genius, especially as Genius’s lockup period expires soon and it is reasonable to expect a decrease in the price then. But for investors interested in a good tech IPO at a reasonable price, Sportradar will be an excellent fit for most.</p><p><blockquote>追求增长高于一切的投资者可能会考虑 Genius，尤其是 Genius 的禁售期即将到期，届时股价会下跌是合理的。但对于对价格合理的优质科技IPO感兴趣的投资者来说，Sportradar将是大多数人的绝佳选择。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sportradar fell 0.83% on its first day of trading<blockquote>Sportradar 首日交易下跌 0.83%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSportradar fell 0.83% on its first day of trading<blockquote>Sportradar 首日交易下跌 0.83%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-15 00:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Online betting company Sportradar opened at $27 each on Tuesday.</p><p><blockquote>在线博彩公司Sportradar周二开盘，每张27美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/50aafa6b5817c8055173c9017ac900d2\" tg-width=\"1080\" tg-height=\"2240\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Everything To Like About The Sportradar IPO</p><p><blockquote>Sportradar IPO 的一切值得喜欢</blockquote></p><p> <b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Sportradar Group AG is preparing to go public at a valuation of $7.8 billion and will raise over $500 million.</li> <li>Sportradar plays an important, though indirect role in the rapidly growing sports betting industry. However, it faces tough competition.</li> <li>Sportradar’s finances are in good shape with high growth and a positive net profit, and its valuation appears low relative to competitors.</li> <li>Investors should strongly consider this company when it goes public.</li> </ul> Sportradar (NASDAQ:SRAD) has released pricing information about its upcoming IPO.Renaissance Capitalreported on Tuesday that Sportradar “plans to raise $504 million by offering 19 million shares at a price range of $25 to $28,” as well as an additional $159 million concurrent private placement. This will give the Swiss company a valuation of $7.8 billion at the midpoint range.</p><p><blockquote><ul><li>Sportradar Group AG正准备以78亿美元的估值上市，并将筹集超过5亿美元。</li><li>Sportradar在快速增长的体育博彩业中发挥着重要的作用，尽管是间接的。然而，它面临着激烈的竞争。</li><li>Sportradar 的财务状况良好，增长迅速，净利润为正，但与竞争对手相比，其估值似乎较低。</li><li>投资者应该在这家公司上市时强烈考虑它。</li></ul>Sportradar（纳斯达克股票代码：SRAD）公布了其即将进行的首次公开募股的定价信息。Renaissance Capital 周二报道称，Sportradar “计划以 25 至 28 美元的价格发行 1900 万股股票，筹集 5.04 亿美元”，并同时进行 1.59 亿美元的私募。这将使这家瑞士公司的估值达到78亿美元，处于中点区间。</blockquote></p><p> These numbers may be a tiny disappointment for Sportradar, as it had been reportedly shooting for a$10 billion valuationearlier in the year by undergoing a SPAC. But it is great news for investors, as there is a great deal to like about Sportradar. The sports company is in a market with major growth potential, is profitable, and has been growing rapidly. Concerns remain such as COVID and other competition, but investors should strongly consider getting in on this company as soon as possible especially compared to its main competitors.</p><p><blockquote>这些数字可能会让 Sportradar 有点失望，因为据报道，该公司在今年早些时候通过 SPAC 获得了 100 亿澳元的估值。但这对投资者来说是个好消息，因为Sportradar有很多值得喜欢的地方。这家体育公司所处的市场具有巨大的增长潜力，盈利，并且一直在快速增长。新冠疫情和其他竞争等担忧依然存在，但投资者应强烈考虑尽快入股这家公司，尤其是与其主要竞争对手相比。</blockquote></p><p> <b>Sports Gambling Market Potential</b></p><p><blockquote><b>体育博彩市场潜力</b></blockquote></p><p> Sports betting has become increasingly accepted and thus a more lucrative market in recent years, as governments have legalized it for the first time.Front Office Sportsreported in June that the US sports betting market could reach $37 billion by 2025 compared to its present value of $9.5 billion. Furthermore, the global sports betting market could reach as much as $144 billion by the same timeframe. And while there are some concerns due to COVID, it is highly unlikely that sports leagues will once again start canceling their events going forward.</p><p><blockquote>近年来，随着政府首次将体育博彩合法化，体育博彩越来越被接受，因此也是一个更有利可图的市场。Front Office sports在6月份报道称，到2025年，美国体育博彩市场可能达到370亿美元，而目前的价值为95亿美元。此外，在同一时间段内，全球体育博彩市场可能达到1440亿美元。虽然由于COVID有一些担忧，但体育联盟不太可能再次开始取消他们的赛事。</blockquote></p><p> Sportradar’s plan is to be the company selling shovels in this betting gold rush. What it intends to sell is information. Sportradar works with sports leagues across the world to help compile sports data. This data helps betting companies set better odds, helps bettors know that the betting company is not making any mistakes, and helps media companies know that they have the right data.</p><p><blockquote>Sportradar 的计划是成为这场博彩淘金热中销售铲子的公司。它打算卖的是信息。Sportradar与世界各地的体育联盟合作，帮助汇编体育数据。这些数据有助于博彩公司设定更好的赔率，帮助投注者知道博彩公司没有犯任何错误，并帮助媒体公司知道他们拥有正确的数据。</blockquote></p><p> The right data is not just about tracking points, home runs, or touchdowns. Sportradar claims in itsF-1/Athat it tracks “over 1.2 billion live data points per year from over 600,000 events in 37 sports,” which created over 21 billion odds changes. Furthermore, Sportradar has a strong data rights portfolio, as it has partnerships with the NBA, MLB, and NHL among other sports leagues across the world.</p><p><blockquote>正确的数据不仅仅是跟踪得分、本垒打或触地得分。Sportradar 在 itsF-1/Athat 中声称，它每年跟踪 “来自 37 个体育项目 60 多万场赛事的 12 亿多个实时数据点”，从而产生了超过 210 亿个赔率变化。此外，Sportradar拥有强大的数据权利组合，因为它与NBA、MLB和NHL以及世界各地的其他体育联盟建立了合作伙伴关系。</blockquote></p><p> These factors point to a company with major growth potential, but then there is the issue of competition. Sportradar’s primary competitor is Genius Sports (NYSE:GENI), which went public this April. After some stumbles a few weeks back, Genius has performed well and has a market cap of $4.23 billion as of the time of writing. While smaller than what Sportradar is aiming for, Genius does have a prized partnership with the NFL and reported a revenue growth of 108% a few days ago perCNBC.</p><p><blockquote>这些因素表明一家公司具有巨大的增长潜力，但随之而来的是竞争问题。Sportradar 的主要竞争对手是今年 4 月上市的 Genius Sports（纽约证券交易所股票代码：GENI）。在经历了几周前的一些挫折之后，Genius 表现良好，截至撰写本文时市值为 42.3 亿美元。虽然比 Sportradar 的目标要小，但 Genius 确实与 NFL 建立了宝贵的合作伙伴关系，几天前向 CNBC 报告收入增长了 108%。</blockquote></p><p> Sportradar will need to show how it can continue to distinguish itself from its competitors like Genius, as well as Stats Perform, IMGArena, and BetConstruct. But the company has a Dollar-Based Net Retention Rate of 138% which shows an ability to keep customers. Furthermore, the massive potential of the sports betting market means that Sportradar will be able to keep growing without having to poach from competitors.</p><p><blockquote>Sportradar 需要展示如何继续与 Genius 等竞争对手以及 Stats Perform、IMGArena 和 BetConstruct 区分开来。但该公司以美元计算的净保留率为 138%，这表明其有能力留住客户。此外，体育博彩市场的巨大潜力意味着Sportradar将能够在不挖走竞争对手的情况下保持增长。</blockquote></p><p> <b>Finances and Valuation</b></p><p><blockquote><b>财务及估值</b></blockquote></p><p> Sportradar’s growth potential is shown by its finances, where it is the rare tech company which can report both high growth and profitability. The company reported a revenue of $318 million in the first half of 2021, up 42% from the same time period last year. This is probably elevated due to the pandemic depressing 2020 revenue as it only grew 6% in 2020, but Sportradar reports a CAGR of 25% going back to 2016. That is a more reasonable yet still sufficient growth rate.</p><p><blockquote>Sportradar 的增长潜力体现在其财务状况上，它是少有的既能实现高增长又能实现盈利的科技公司。该公司公布2021年上半年收入为3.18亿美元，比去年同期增长42%。这可能是由于疫情压低了 2020 年收入，因为 2020 年收入仅增长了 6%，但 Sportradar 报告称，截至 2016 年，CAGR 为 25%。这是一个更合理但仍然足够的增长率。</blockquote></p><p> Furthermore, Sportradar reported a net income of over $20 million in the first half of 2021 and has a history of profitability going back to at least 2019. Cash flow is also positive, with a net gain of $67 million in cash from operating activities in the first half of 2021.</p><p><blockquote>此外，Sportradar报告称，2021年上半年净利润超过2000万美元，盈利历史至少可以追溯到2019年。现金流也为正，2021年上半年经营活动现金净收益为6700万美元。</blockquote></p><p></p><p> Finally, Sportradar reports having $223 million in cash against $967 million in total liabilities. What these numbers show is that Sportradar is rapidly growing, though admittedly not as fast as Genius Sports. But unlike Genius, Sportradar is larger and reports a profit.</p><p><blockquote>最后，Sportradar 报告称拥有 2.23 亿美元现金，而总负债为 9.67 亿美元。这些数字表明，Sportradar正在快速增长，尽管不可否认没有Genius Sports快。但与 Genius 不同的是，Sportradar 规模更大，并且有利润。</blockquote></p><p> The next question thus becomes whether Sportradar is worth $7.8 billion. At that market cap, Sportradar has an enterprise value of about $8.5 billion. If we just extrapolate Sportradar’s revenue for the entire year and presume a revenue of $636 million, this gives an EV/revenue ratio of 13.36. By contrast, Genius Sports has an enterprise value of nearly $4 billion, and its first half 2021 revenue was just $109.5 million. From that metric, Sportradar thus appears to be the safer long-term bet.</p><p><blockquote>因此，下一个问题变成了 Sportradar 是否值 78 亿美元。按市值计算，Sportradar 的企业价值约为 85 亿美元。如果我们推断 Sportradar 全年的收入，假设收入为 6.36 亿美元，那么电动汽车/收入比为 13.36。相比之下，Genius Sports的企业价值接近40亿美元，2021年上半年营收仅为1.095亿美元。从这个指标来看，Sportradar 似乎是更安全的长期赌注。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> While there is a great deal to like about Sportradar, that does not suggest that there are no problematic clouds on the horizon. I believe that the current COVID situation, where many are reluctant to go outside but sports games are still ongoing, is an excellent situation for Sportradar as people watching from home are more likely to bet online. But if it worsens and sports events are canceled, that would be problematic. If it improves, people may start going for other entertainment options such as casinos which could hurt Sportradar’s growth.</p><p><blockquote>虽然Sportradar有很多值得喜欢的地方，但这并不意味着地平线上没有有问题的云。我相信，目前的COVID情况，许多人不愿意外出，但体育比赛仍在进行，对Sportradar来说是一个极好的情况，因为在家观看的人更有可能在网上下注。但如果情况恶化，体育赛事被取消，那就有问题了。如果情况有所改善，人们可能会开始选择赌场等其他娱乐方式，这可能会损害 Sportradar 的发展。</blockquote></p><p> But Sportradar has shown an ability to consistently grow and is in a market which has major potential almost regardless of the state of COVID. Its financial numbers are in solid shape, and few companies provide a product like what it offers. Finally, its valuation of $7.8 billion is eminently fair, especially by the standards of a typical tech company IPO.</p><p><blockquote>但Sportradar已经显示出持续增长的能力，并且几乎无论COVID的状态如何，它都处于一个具有巨大潜力的市场。它的财务数据状况良好，很少有公司能提供像它这样的产品。最后，其78亿美元的估值非常公平，尤其是按照典型科技公司IPO的标准。</blockquote></p><p> Investors who chase growth above all else may want to consider Genius, especially as Genius’s lockup period expires soon and it is reasonable to expect a decrease in the price then. But for investors interested in a good tech IPO at a reasonable price, Sportradar will be an excellent fit for most.</p><p><blockquote>追求增长高于一切的投资者可能会考虑 Genius，尤其是 Genius 的禁售期即将到期，届时股价会下跌是合理的。但对于对价格合理的优质科技IPO感兴趣的投资者来说，Sportradar将是大多数人的绝佳选择。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SRAD":"Sportradar Group AG"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149444561","content_text":"Online betting company Sportradar opened at $27 each on Tuesday.\n\nEverything To Like About The Sportradar IPO\nSummary\n\nSportradar Group AG is preparing to go public at a valuation of $7.8 billion and will raise over $500 million.\nSportradar plays an important, though indirect role in the rapidly growing sports betting industry. However, it faces tough competition.\nSportradar’s finances are in good shape with high growth and a positive net profit, and its valuation appears low relative to competitors.\nInvestors should strongly consider this company when it goes public.\n\nSportradar (NASDAQ:SRAD) has released pricing information about its upcoming IPO.Renaissance Capitalreported on Tuesday that Sportradar “plans to raise $504 million by offering 19 million shares at a price range of $25 to $28,” as well as an additional $159 million concurrent private placement. This will give the Swiss company a valuation of $7.8 billion at the midpoint range.\nThese numbers may be a tiny disappointment for Sportradar, as it had been reportedly shooting for a$10 billion valuationearlier in the year by undergoing a SPAC. But it is great news for investors, as there is a great deal to like about Sportradar. The sports company is in a market with major growth potential, is profitable, and has been growing rapidly. Concerns remain such as COVID and other competition, but investors should strongly consider getting in on this company as soon as possible especially compared to its main competitors.\nSports Gambling Market Potential\nSports betting has become increasingly accepted and thus a more lucrative market in recent years, as governments have legalized it for the first time.Front Office Sportsreported in June that the US sports betting market could reach $37 billion by 2025 compared to its present value of $9.5 billion. Furthermore, the global sports betting market could reach as much as $144 billion by the same timeframe. And while there are some concerns due to COVID, it is highly unlikely that sports leagues will once again start canceling their events going forward.\nSportradar’s plan is to be the company selling shovels in this betting gold rush. What it intends to sell is information. Sportradar works with sports leagues across the world to help compile sports data. This data helps betting companies set better odds, helps bettors know that the betting company is not making any mistakes, and helps media companies know that they have the right data.\nThe right data is not just about tracking points, home runs, or touchdowns. Sportradar claims in itsF-1/Athat it tracks “over 1.2 billion live data points per year from over 600,000 events in 37 sports,” which created over 21 billion odds changes. Furthermore, Sportradar has a strong data rights portfolio, as it has partnerships with the NBA, MLB, and NHL among other sports leagues across the world.\nThese factors point to a company with major growth potential, but then there is the issue of competition. Sportradar’s primary competitor is Genius Sports (NYSE:GENI), which went public this April. After some stumbles a few weeks back, Genius has performed well and has a market cap of $4.23 billion as of the time of writing. While smaller than what Sportradar is aiming for, Genius does have a prized partnership with the NFL and reported a revenue growth of 108% a few days ago perCNBC.\nSportradar will need to show how it can continue to distinguish itself from its competitors like Genius, as well as Stats Perform, IMGArena, and BetConstruct. But the company has a Dollar-Based Net Retention Rate of 138% which shows an ability to keep customers. Furthermore, the massive potential of the sports betting market means that Sportradar will be able to keep growing without having to poach from competitors.\nFinances and Valuation\nSportradar’s growth potential is shown by its finances, where it is the rare tech company which can report both high growth and profitability. The company reported a revenue of $318 million in the first half of 2021, up 42% from the same time period last year. This is probably elevated due to the pandemic depressing 2020 revenue as it only grew 6% in 2020, but Sportradar reports a CAGR of 25% going back to 2016. That is a more reasonable yet still sufficient growth rate.\nFurthermore, Sportradar reported a net income of over $20 million in the first half of 2021 and has a history of profitability going back to at least 2019. Cash flow is also positive, with a net gain of $67 million in cash from operating activities in the first half of 2021.\nFinally, Sportradar reports having $223 million in cash against $967 million in total liabilities. What these numbers show is that Sportradar is rapidly growing, though admittedly not as fast as Genius Sports. But unlike Genius, Sportradar is larger and reports a profit.\n\nThe next question thus becomes whether Sportradar is worth $7.8 billion. At that market cap, Sportradar has an enterprise value of about $8.5 billion. If we just extrapolate Sportradar’s revenue for the entire year and presume a revenue of $636 million, this gives an EV/revenue ratio of 13.36. By contrast, Genius Sports has an enterprise value of nearly $4 billion, and its first half 2021 revenue was just $109.5 million. From that metric, Sportradar thus appears to be the safer long-term bet.\nFinal Thoughts\nWhile there is a great deal to like about Sportradar, that does not suggest that there are no problematic clouds on the horizon. I believe that the current COVID situation, where many are reluctant to go outside but sports games are still ongoing, is an excellent situation for Sportradar as people watching from home are more likely to bet online. But if it worsens and sports events are canceled, that would be problematic. If it improves, people may start going for other entertainment options such as casinos which could hurt Sportradar’s growth.\nBut Sportradar has shown an ability to consistently grow and is in a market which has major potential almost regardless of the state of COVID. Its financial numbers are in solid shape, and few companies provide a product like what it offers. Finally, its valuation of $7.8 billion is eminently fair, especially by the standards of a typical tech company IPO.\nInvestors who chase growth above all else may want to consider Genius, especially as Genius’s lockup period expires soon and it is reasonable to expect a decrease in the price then. But for investors interested in a good tech IPO at a reasonable price, Sportradar will be an excellent fit for most.","news_type":1,"symbols_score_info":{"SRAD":0.9}},"isVote":1,"tweetType":1,"viewCount":2224,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/882992786"}
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