These 10 Firms Led Lagged Performance on Wednesday

4. Sportradar Group AG (NASDAQ:SRAD)

Sportradar dropped its share prices by 7.69 percent on Wednesday to end at $23.11 apiece following the release of its preliminary earnings results for the first quarter of the year.

In a statement, SRAD said it expects to report revenues between €307 million and €311 million and net income from €20 million to €24 million.

The preliminary data is based on the company’s internal figures and has yet to be audited by its independent accounting firm.

SRAD said official results will be released on May 12, 2025.

In recent news, SRAD announced that its affiliates were planning to sell up to 23 million shares in the company.

Concurrently, the company is repurchasing up to 3 million shares under its existing $200-million share repurchase program. Goldman Sachs and JP Morgan were tapped as the joint bookrunners for the offer.