Sportradar announced a series of structural changes on Wednesday, in conjunction with the departure of two prominent C-suite executives.
Sportradar Chief Financial Officer Gerard Griffin informed the company that he will be leaving due to personal reasons. Griffin will remain in the position until May 31st or the appointment of a permanent successor, if earlier, according to the company. Separately, Sportradar announced that Ulrich Harmuth, chief strategy officer, will be departing to pursue other endeavors.
Headquartered in Switzerland, Sportradar previously announced major structural changes last November aimed at generating a higher return on investment from various products.
Sportradar reaffirms FY 2023 guidance
In addition, Sportradar reaffirmed its fiscal year 2023 revenue guidance in the range of ?870 million to ?880 million ($947 million to $958 million). The projections represent year-over-year growth year between 19% and 21%. Sportradar also projects adjusted EBITDA in the range of ?162 million to ?167 million, providing a guidance that represents year-over-year growth between 29% and 33%.