Sportradar Group AG (SRAD) shares plunged 10.59% in pre-market trading on Monday after the company reported a loss for the second quarter, swinging from a profit a year ago, despite strong revenue growth.

The sports technology company reported a loss of EUR4 million for the period, compared to a profit of EUR49 million in the same quarter last year. This was primarily driven by a foreign currency loss of EUR9 million versus a gain of EUR54 million a year earlier, mainly due to unrealized currency fluctuations associated with U.S. dollar-denominated sports rights. Total revenue increased 19% to EUR378 million, and adjusted EBITDA rose 19% to EUR76 million, but the bottom-line loss and currency headwinds appeared to weigh on investor sentiment.

Sportradar also updated its full-year 2026 outlook, expecting revenue growth of 19% to 21% on a constant currency basis, and adjusted EBITDA growth of 24% to 27%. The company highlighted new strategic partnerships with prediction market exchanges like Kalshi and Polymarket, as well as a multi-year extension with Wimbledon. However, the pre-market decline suggests the market focused on the quarterly loss and foreign exchange impact.