SRAD earnings
Analysis, not adviceNext print
2026-11-04
cons 0.10 EPS / 0.42B rev
What the desk is testing
Explicit conditions that would change the desk's view — graded after the call.
Bull condition triggered: World Cup revenue uplift ≥20% YoY in Marketing & Media Services + MTS combined, sport-rights expense steps down toward 32–33% of revenue in Q2 confirming the 2H normalization
Bull condition triggered: A major prediction market commercial agreement (signed, not in discussion) with a named league, exchange, or operator is announced on or before this print. This is the option
＋2 more criteria on the deskfree trial · no cardFrom the desk's pre-read
SRAD is scheduled to print Q2 2026 results on 2026-08-03. FMP consensus: EPS $0.07 · Revenue $0.44B.
＋1 more — the full pre-read is on the deskfree trial · no cardThe desk's graded verdict
wobblinggraded 2026-08-03
FAILSport Rights Step-Down below 33% of revenue
“"Sport rights expenses... 137,752" / "Revenue... 377,815" (137,752/377,815 = 36.5%) · press release financial tables”
UNRESOLVEDWorld Cup Revenue Inflection ≥20% combined MMS + MTS uplift
“Marketing & Media Services... 47,413... 16%”
Educational analysis, not a personalised recommendation. See all covered names on the earnings calendar · part of our public track record.