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Sportradar (SRAD) Announces Collaboration With CONMEBOL
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Sportradar Group AG (SRAD - Free Report) recently announced a collaboration with the South American Football Confederation — CONMEBOL — becoming the latter’s official betting partner.
Per the multi-year agreement, Sportradar will have access to CONMEBOL’s exclusive global audio and video (AV) and betting data rights. This includes betting rights for CONMEBOL Libertadores U20, CONMEBOL Libertadores Futsal (Men's and Women's) and CONMEBOL Libertadores Beach Soccer.
The arrangement also covers coverage of regional club competitions run by CONMEBOL for the following four seasons, including the CONMEBOL Sudamericana and CONMEBOL Recopa.
The company is optimistic with respect to this partnership. Attributes such as strong product innovation, advancement in cutting-edge technologies like computer vision and AI and industry-leading integrity services are likely to pave a path for growth.
Focus on Strategic Partnerships & Technology
Sportradar emphasizes on strategic collaborations with sports league partners to drive growth. The company, which is positioned at the nexus of the sports, media and betting industries, offers sports federations a best-in-class range of solutions to assist them expand their operations. Some of the notable collaborations include NBA, NHL, MLB, NASCAR, UEFA, FIFA, Bundesliga, ICC and ITF.
Through alliances with leagues, the business is able to collect more detailed data, particularly on players and to use that data to develop custom goods and services for clients. It does this to climb up the value chain and give operators a product with a better margin.
Going forward, the company places a strong emphasis on developing its technological capabilities in order to automate data collection in real time with computer vision. It also stated plans on improving athletics and deep data in sports and pair liquidity data in real time based on artificial intelligence. The business is upbeat about technical advancements and believes it to spur growth in the future periods.
Image Source: Zacks Investment Research
So far this year, shares of Sportradar have gained 28% compared with the industry’s 23.5% growth.
Zacks Rank & Key Picks
Sportradar currently carries a Zacks Rank #3 (Hold).
Trip.com Group Limited (TCOM - Free Report) flaunts a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 147.9%, on average. Shares of TCOM have increased 31.9% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Trip.com Group’s 2023 sales and EPS suggest an increase of 101.6% and 531%, respectively, from the year-ago period’s levels.
OneSpaWorld Holdings Limited (OSW - Free Report) carries a Zacks Rank #2 (Buy). OSW has a trailing four-quarter earnings surprise of 65.8%, on average. Shares of OSW have increased 65.4% in the past year.
The Zacks Consensus Estimate for OSW’s 2023 sales and EPS indicates a rise of 33.9% and 89.3%, respectively, from the year-ago period’s levels.
Royal Caribbean Cruises Ltd. (RCL - Free Report) carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 26.4%, on average. Shares of RCL have surged 206.5% in the past year.
The Zacks Consensus Estimate for Royal Caribbean Cruises’ 2023 sales and EPS indicates a rise of 48.7% and 162.9%, respectively, from the year-ago period’s levels.
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Sportradar (SRAD) Announces Collaboration With CONMEBOL
Sportradar Group AG (SRAD - Free Report) recently announced a collaboration with the South American Football Confederation — CONMEBOL — becoming the latter’s official betting partner.
Per the multi-year agreement, Sportradar will have access to CONMEBOL’s exclusive global audio and video (AV) and betting data rights. This includes betting rights for CONMEBOL Libertadores U20, CONMEBOL Libertadores Futsal (Men's and Women's) and CONMEBOL Libertadores Beach Soccer.
The arrangement also covers coverage of regional club competitions run by CONMEBOL for the following four seasons, including the CONMEBOL Sudamericana and CONMEBOL Recopa.
The company is optimistic with respect to this partnership. Attributes such as strong product innovation, advancement in cutting-edge technologies like computer vision and AI and industry-leading integrity services are likely to pave a path for growth.
Focus on Strategic Partnerships & Technology
Sportradar emphasizes on strategic collaborations with sports league partners to drive growth. The company, which is positioned at the nexus of the sports, media and betting industries, offers sports federations a best-in-class range of solutions to assist them expand their operations. Some of the notable collaborations include NBA, NHL, MLB, NASCAR, UEFA, FIFA, Bundesliga, ICC and ITF.
Through alliances with leagues, the business is able to collect more detailed data, particularly on players and to use that data to develop custom goods and services for clients. It does this to climb up the value chain and give operators a product with a better margin.
Going forward, the company places a strong emphasis on developing its technological capabilities in order to automate data collection in real time with computer vision. It also stated plans on improving athletics and deep data in sports and pair liquidity data in real time based on artificial intelligence. The business is upbeat about technical advancements and believes it to spur growth in the future periods.
Image Source: Zacks Investment Research
So far this year, shares of Sportradar have gained 28% compared with the industry’s 23.5% growth.
Zacks Rank & Key Picks
Sportradar currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Consumer Discretionary sector are as follows:
Trip.com Group Limited (TCOM - Free Report) flaunts a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 147.9%, on average. Shares of TCOM have increased 31.9% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Trip.com Group’s 2023 sales and EPS suggest an increase of 101.6% and 531%, respectively, from the year-ago period’s levels.
OneSpaWorld Holdings Limited (OSW - Free Report) carries a Zacks Rank #2 (Buy). OSW has a trailing four-quarter earnings surprise of 65.8%, on average. Shares of OSW have increased 65.4% in the past year.
The Zacks Consensus Estimate for OSW’s 2023 sales and EPS indicates a rise of 33.9% and 89.3%, respectively, from the year-ago period’s levels.
Royal Caribbean Cruises Ltd. (RCL - Free Report) carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 26.4%, on average. Shares of RCL have surged 206.5% in the past year.
The Zacks Consensus Estimate for Royal Caribbean Cruises’ 2023 sales and EPS indicates a rise of 48.7% and 162.9%, respectively, from the year-ago period’s levels.