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Catapult Group Expects Annualized Contract Value Growth to Remain Strong With Low Churn in Fiscal 2027; Shares Fall 7%

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Catapult Group International (ASX:CAT) said it continues to expect annualized contract value growth to remain strong with low churn in fiscal 2027, according to a Wednesday Australian bourse filing.

The company also reaffirmed its outlook for continued improvement in cost margins toward its targets, as well as higher free cash flow, excluding transaction costs, as the business continues to scale.

The professional sports technology market is projected to exceed $72 billion by 2030, the company added.

The sports technology company's shares fell nearly 7% in recent trading on Wednesday.

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