Sportradar Group AG (NASDAQ:SRAD) reported its Q4 results, with revenue coming in at €152.4 million ($172.2 million), representing 41% year-over-year growth.

For the full 2021-year, the revenue came in at €561.2 million ($634.2 million), up 39% year-over-year, beating the company’s 2021 annual outlook range of €553 - €555 million.

Analysts at Deutsche Bank provided their views on the company following the earnings report, stating that the company’s newly initiated 2022 outlook came in better than expected from a revenue perspective and in line from an adjusted EBITDA perspective.

The analysts view the results and outlook favorably, as most sports betting peers continue to miss adjusted EBITDA estimates and guide to deeper near-term losses, compared to Sportradar’s continued profitability. They noted that the profitability continues to stem from the mature international betting businesses, which grew adjusted EBITDA by around 58% year-over-year in Q4.