Sportradar reported 24% year-on-year revenue growth in Q3 2026, with the figure reaching €363m, up from €296m a year earlier. The result underscores the continued commercial strength of sports data and fan engagement products, even as several European markets face tightening regulation. Elsewhere, this roundup covers Lottomatica’s record Italian market share ahead of its Cirsa merger, reported divestment plans at Codere, and concerns raised by Leadstar Media over Finland’s incoming affiliate advertising restrictions.
Sportradar Q3 Revenue Jumps on US Strength
Sportradar has reported 24% year-on-year revenue growth in Q3 2026 as the figure reached €363m (Q3 2025: €296m)
.
Growth was driven by the firm’s operations in its home market of the US, where revenue surged 47% YoY from €67m to €98m
. Profitability also improved, with
Sportradar’s profit rose 20% to €27m as adjusted EBITDA went up 21% YoY
.
The scale of US growth confirms that sports data and integrity services remain central to how operators manage pricing and compliance in newly regulated states. For suppliers and affiliates alike, Sportradar’s performance signals that demand for licensed, verifiable data feeds continues to outpace the wider market, reinforcing the commercial case for operators to consolidate around fewer, larger data partners rather than fragmenting supply chains.
Lottomatica Extends Italian Lead Ahead of Cirsa Merger
Lottomatica’s status as Italian gambling market leader has been reaffirmed by the group’s latest financial update, as leadership moves to close its all-share merger with Spanish giant CIRSA, maintaining a total online betting market share of 31.7% as of Q3
. The company has
reported record online market share in Italy while preparing for a major strategic expansion through its planned merger with Cirsa
.
A combined Lottomatica-Cirsa group would command substantial scale across Southern Europe and Latin America, giving the enlarged entity greater negotiating leverage with content suppliers and affiliate networks. Operators competing in Italy should expect increased marketing spend once the merger closes, as the group looks to defend its share against challengers.
Codere Weighs Splitting Divisions to Attract Buyers
Reports suggest Grupo Codere is weighing up the divestment of its three core business arms as it continues exploring sale options, with investors looking into separately selling the Codere European, Latin American and US-listed online divisions
.
The move comes after there has been a lack
of a single buyer willing to take on the full group.
A break-up would allow Codere to court region-specific buyers, each with different appetites for the European, Latin American and US-listed online assets. For affiliates and marketing partners operating across these territories, a change of ownership in any division could bring renewed investment in player acquisition or, alternatively, a period of consolidation and reduced marketing budgets while new owners settle in.
Leadstar Media Warns on Finland’s Affiliate Ban
2027 is a significant year for Finnish gambling as Veikkaus’ long-established monopoly on legal online betting and gaming comes to a close, with more than 50 companies registering interest in obtaining a licence and 18 already securing clearance from the National Police Board
. Leadstar Media has argued that restricting affiliate marketing in the newly opened market could undermine player safety rather than protect it.
The warning highlights a tension facing regulators as they open previously monopolised markets: without licensed affiliate channels directing traffic to compliant operators, there is a risk that players default to unregulated alternatives or make less informed choices. For performance marketing businesses, Finland’s 2027 liberalisation represents a significant opportunity, but the shape of any affiliate restrictions will determine how much of that opportunity can be captured through legitimate channels.
For more on how regulators across Europe are approaching market reform, see our recent coverage of the Malta Gaming Authority’s scaled-back licence reforms, or visit our industry news section for further analysis.
Sources
- SBC News – Sportradar revenue soars in Q3 as firm capitalises on fan engagement
- iGaming Business – Lottomatica strengthens Italian market position with online share gains
- SBC News – Lottomatica maintains Italy stronghold as CIRSA merger comes to November close
- SBC News – Is Codere set to separate business divisions to increase sale hopes?
- SBC News – Leadstar Media: Finland’s affiliate ban may put player safety at risk
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