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Commitments

12 Months Ended

Dec. 31, 2023

Commitments

Note 27. Commitments

The Company enters into commitments which may have a minimum guarantee per contractual year. Additionally, as of December 31, 2023, Sportradar continues to have commitments relating to license payments for non-capitalized or not yet capitalized (i.e., license period has not started yet and advance payments have been already deducted) sports data or media rights licenses. License commitment payments will primarily be made in U.S. Dollars. The Company also has various contracts including one non-cancelable contractual commitment for five contractual years primarily related to network infrastructure and the Company's data center operations. The payments are made in Euro. The following table shows commitments by the Company as of December 31, 2023 and 2022:


		As of December 31,
in €’000		2023		2022
less than one year		41,165		48,678
between more than one and less than two years		43,734		92,955
between more than two and less than three years		46,477		105,171
between more than three and less than four years		49,280		115,711
more than four years		39,241		565,481
Total		219,897		927,996

Commitments for licenses not yet capitalized amount to €16.3 million and €694.3 million as of December 31, 2023 and 2022, respectively.