Sportradar hands senior role to former SciPlay CFO Bombassei
Based in New York, Bombassei will report directly to Sportradar CFO Gerard Griffin. He will be responsible for relationships with the global investment community and have oversight of corporate finance.
He joins just over a year after becoming CFO at SciPlay, having taken on the role in October 2022. Prior to this, Bombassei was senior vice-president of investor relations at Light and Wonder.
Before entering the gambling space, Bombassei spent over 27 years at mass media business Viacom. This included spells as treasurer and senior vice-president of investor relations.
In addition, Bombassei worked as a consultant for the media and entertainment group at Ernst & Young’s audit practice.
“We are pleased to welcome Jim to the Sportradar team,” Griffin said. “He is a talented and respected finance executive, with a wealth of investor relations experience and a track record of success.
“Jim will be a great asset as we continue to communicate our vision and strategy to the market and our investor community.”
Operating profit down 63.8% at Sportradar in Q3
The appointment comes after Sportradar published its Q3 results last month, revealing a 63.8% drop in operating profit.
This came despite overall revenue from continuing operations rising 12.4% to €201.0m in Q3. Sportradar saw growth across all segments, particularly in its Rest of World Betting AV segment, where revenue grew 15.0% to €38.0m.
RoW Betting revenue brought in €112.1m in revenue, up 11.1%, while US revenue also increased by 11.1% to €35.0m. Revenue from all other segments crept up to €15.7m.
Sportradar CEO Carsten Koerl was upbeat on the Q3 results, saying the figures suggest it will deliver growth in the full year.