Why Sportradar Stock Rocketed Higher This Week
Shares of sports data and technology provider Sportradar (NASDAQ: SRAD) were up 10% this week as of 2:15 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.
Sportradar reported fourth-quarter earnings on Wednesday, wherein revenue and cash from operations grew by 26% and 36% in 2024.
However, management also announced a unique acquisition that seemed to steal the show, and the market reacted optimistically.
Source Fool.com
