Sportradar declared the hiring of Jim Bombassei as the leading Vice President of Investor Relations and Corporate Finance. He previously served as the Chief Financial Officer of SciPlay.
Bombassei will be located in New York and will report directly to Sportradar’s Chief Financial Officer, Gerard Griffin. He will be in charge of creating connections with the worldwide investment community and supervising corporate funding activities.
Bombassei joined SciPlay in October 2022 as CFO and has been in the position for over a year. Before that, he was the Senior Vice President of Investor Relations at Light and Wonder.
Before entering the gaming sector, Bombassei spent 27 years at mass media company Viacom, holding positions such as Chief Financial Officer and Senior Vice President of Investor Relations.
Bombassei also worked as a consultant in the media and entertainment group at the audit firm Ernst & Young.
Griffin stated: “We are thrilled to welcome Jim to the Sportradar team. He is a skilled and respected financial leader with extensive experience and a proven track record in investor relations.
“Jim will be a valuable asset as we continue to share our vision and plan with the market and investor community.”
Sportradar’s third-quarter operating profit decreased by 63.8%.
Sportradar’s latest financial report unveiled a substantial decline in operating profit for the third quarter, plummeting by more than 60%. However, the organization also declared a new appointment.
Despite the dip in profit, Sportradar’s total income from ongoing operations witnessed a positive surge of 12.4%, reaching €201 million. This expansion was fueled by robust performance across all divisions, notably in the wagering sector outside of the United States, where revenue skyrocketed by 15%.
Wagering revenue in the rest of the globe reached €112.1 million, a 11.1% rise, while US revenue also experienced a comparable increase of 11.1%, reaching €35 million. Income from other segments climbed to €15.7 million.
Sportradar’s chief executive, Carsten Koerl, expressed optimism about the company’s future, asserting that the third-quarter outcomes demonstrate their dedication to sustained growth throughout the year.
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