Sportradar Appoints New Senior Vice President of Investor Relations

Sportradar has brought on board Jim Bombassei as their Senior Vice President of Investor Relations and Corporate Finance. He previously held the position of Chief Financial Officer at SciPlay. Bombassei will be situated in New York and will report directly to Sportradar’s Chief Financial Officer, Gerard Griffin. He will be tasked with fostering connections with the global investment community and overseeing corporate finance. Bombassei joined SciPlay as CFO in October 2022, following his role as Senior Vice President of Investor Relations at Light and Wonder. Prior to entering the gaming industry, Bombassei spent over two and a half decades at media company Viacom, serving as a finance executive and Senior Vice President of Investor Relations. He also contributed his expertise as a consultant in the media and entertainment team at the audit department of Ernst & Young. “We are thrilled to have Jim join the Sportradar team,” stated Griffin. “He is a skilled and highly regarded financial leader with extensive investor relations expertise and a proven record of success.” “Jim will be a crucial member of our team as we continue to convey our vision and strategic direction to the market and investor community.” Sportradar’s third-quarter operating profit experienced a decline of 63.8%.

Sportradar declared the selection of a new leader after disclosing a substantial reduction in operating earnings for the third quarter.

Despite this decrease, overall income from ongoing operations still rose significantly in the third quarter, hitting a notable €201 million. Sportradar witnessed growth across all sectors, particularly in their “Rest of World Betting AV” division, which experienced a notable increase in revenue.

Income from the Rest of World Betting sector reached a substantial €112.1 million, indicating a significant rise. Meanwhile, revenue in the United States also experienced a notable increase, reaching €35 million. All other divisions saw a rise in revenue, reaching €15.7 million.

Sportradar’s chief executive, Carsten Koerl, expressed confidence about the third-quarter outcomes, indicating that the company is on course for continued expansion throughout the year.