Sportradar Appoints Behshad Behzadi as Company's Chief Technology Officer and Chief Artificial Intelligence Officer

$SRAD
Computer Software: Programming Data Processing
Technology
Get the next $SRAD alert in real time by email

ST. GALLEN, Switzerland, May 01, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company") today announced that Behshad Behzadi has been named Chief Technology Officer and Chief Artificial Intelligence Officer of the Company (CTO and CAIO), effective May 1.

As Sportradar's CTO and CAIO, Behzadi will be based in the organization's headquarters in Switzerland and report directly to Chief Executive Officer, Carsten Koerl. Working collaboratively across the organization, Behzadi will drive the usage and adoption of AI and cutting-edge technology to enhance its product offerings and roadmap to deliver hyper-personalized experiences for sports fans. Additionally, his extensive experience in leading initiatives aimed at improving internal operational efficiency will help optimize processes and drive innovation across the business. Sportradar has the largest global coverage of sports data, fan insights and betting liquidity. The usage of cutting-edge AI will help to drive the Company's future efficiency and can create significant value for clients and stakeholders.

Koerl said: "We are proud to welcome Behshad, a world-renowned leader in harnessing generative AI and other advanced technologies, who marries a unique blend of technical expertise and business acumen. His proven track record in developing and commercializing product strategies to accelerate growth and innovation, as well as spearheading initiatives aimed at improving internal operational efficiency, will bolster our leadership position, keeping Sportradar at the forefront of technological advancement."

With more than 20 years of experience, Behzadi is a distinguished computer scientist and recognized global technology leader with expertise in algorithms, search ranking, natural language processing, speech recognition, machine learning and generative AI. Behzadi joined Google Zurich in 2006 and has played a key role in Google's AI-first strategy as co-founder of Google Assistant, Google Lens, Google Smart Display and the Next Gen Assistant, a breakthrough in mobile assistant technology with on-device Machine Learning. Most recently, he led Google Cloud's Conversational AI and applied Generative AI initiative focusing on applying the latest AI advancements to reimagine and automate customer services and operations for large enterprises.  Behzadi earned a PhD in Bioinformatics from Ecole Polytechnique in Paris and did postdoctoral research at the Max Planck Institute for Molecular Genetics.

Behzadi said: "Sportradar is an exceptional company and category leader operating at the global intersection of sports, technology and digital content. I am very excited to join an organization that pushes the boundaries on technology and puts a premium on innovation. I look forward to working alongside Carsten, the rest of the executive management team and their talented group of creators to continue Sportradar's history of innovation as the Company enters its next exciting chapter."

About Sportradar  

Sportradar Group AG (NASDAQ:SRAD), founded in 2001, is a leading global sports technology company creating immersive experiences for sports fans and bettors. Positioned at the intersection of the sports, media and betting industries, the company provides sports federations, news media, consumer platforms and sports betting operators with a best-in-class range of solutions to help grow their business. As the trusted partner of organizations like the ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, and Bundesliga, Sportradar covers close to a million events annually across all major sports. With deep industry relationships and expertise, Sportradar is not just redefining the sports fan experience, it also safeguards sports through its Integrity Services division and advocacy for an integrity-driven environment for all involved.  

  

For more information about Sportradar, please visit www.sportradar.com  

Sportradar Contacts

Press Contact:

Sandra Lee

press@sportradar.com

Investor Relations Contact:

Jim Bombassei

Investor.relations@sportradar.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e9d3aaec-9845-4361-9bab-171b5079031d



Primary Logo

Get the next $SRAD alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$SRAD

DatePrice TargetRatingAnalyst
3/20/2025$18.00 → $27.00Buy
Needham
2/26/2025$27.00Buy
Guggenheim
1/15/2025$17.00 → $23.00Buy
Jefferies
10/21/2024$12.00 → $15.00Neutral → Overweight
JP Morgan
9/4/2024$16.00Mkt Perform → Mkt Outperform
JMP Securities
8/14/2024$12.00 → $16.00Hold → Buy
Jefferies
6/18/2024$12.00Neutral
JP Morgan
9/7/2023Mkt Perform
JMP Securities
More analyst ratings

$SRAD
Press Releases

Fastest customizable press release news feed in the world

See more
  • Sportradar Files Its Annual Report on Form 20-F

    ST. GALLEN, Switzerland, March 20, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (the "Company") today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission on March 20, 2025. The annual report on Form 20-F can be accessed on the Company's investor relations website at https://investors.sportradar.com/financials-filings/sec-filings or on the SEC's website at www.sec.gov. The Company will provide a paper copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed in writing by email to in

    $SRAD
    Computer Software: Programming Data Processing
    Technology
  • Sportradar Reports Fourth Quarter and Full Year 2024 Results and Announces Agreement to Acquire IMG Arena and Its Strategic Portfolio of Global Sports Betting Rights

    Full Year 2024 Highlights Revenue increased 26% to €1,107 millionProfit for the period of €34 million was in-line with prior yearAdjusted EBITDA1 increased 33% to €222 million and Adjusted EBITDA margin1 expanded to 20.1%Net cash from operating activities increased 36% to €353 million and Free cash flow1 increased 133% to €118 millionCustomer Net Retention Rate1 increased to 127%Implemented $200 million share repurchase plan and purchased $20.3 million under the planExceeded full year guidance for both revenue and Adjusted EBITDAAcquired affiliate marketing assets of XLMedia PLC Fourth Quarter 2024 Highlights Revenue increased 22% to €307 millionLoss for the period of €1

    $SRAD
    Computer Software: Programming Data Processing
    Technology
  • Sportradar Announces Agreement to Acquire IMG ARENA and Its Strategic Portfolio of Global Sports Betting Rights

      Will Strengthen Company's Global Offering for Most Bet Upon Sports Including Tennis, Soccer and Basketball      Expected to Accelerate Revenue, Adjusted EBITDA and Free Cash Flow Growth and Will Be Accretive to Adjusted EBITDA Margins    ST. GALLEN, Switzerland, March 19, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company"), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced that it has entered into a definitive agreement with Endeavor Group Holdings, Inc. ("Endeavor") (NYSE:EDR) to acquire IMG ARENA and its global sports betting rights portfolio. IMG ARENA's por

    $EDR
    $SRAD
    Services-Misc. Amusement & Recreation
    Consumer Discretionary
    Computer Software: Programming Data Processing
    Technology

$SRAD
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$SRAD
SEC Filings

See more

$SRAD
Leadership Updates

Live Leadership Updates

See more
  • Sportradar Appoints Behshad Behzadi as Company's Chief Technology Officer and Chief Artificial Intelligence Officer

    ST. GALLEN, Switzerland, May 01, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company") today announced that Behshad Behzadi has been named Chief Technology Officer and Chief Artificial Intelligence Officer of the Company (CTO and CAIO), effective May 1. As Sportradar's CTO and CAIO, Behzadi will be based in the organization's headquarters in Switzerland and report directly to Chief Executive Officer, Carsten Koerl. Working collaboratively across the organization, Behzadi will drive the usage and adoption of AI and cutting-edge technology to enhance its product offerings and roadmap to deliver hyper-personalized experiences for sports fans. Additionally

    $SRAD
    Computer Software: Programming Data Processing
    Technology
  • Sportradar Appoints Craig Felenstein as Chief Financial Officer

    ST. GALLEN, Switzerland, April 25, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD)("Sportradar" or the "Company") today announced that Craig Felenstein has been named Chief Financial Officer of the Company, effective June 1, 2024. Felenstein joins the Company from Lindblad Expeditions (NASDAQ:LIND) where he most recently served as Chief Financial Officer. He will report directly to Sportradar Chief Executive Officer Carsten Koerl. Felenstein brings nearly 30 years of senior finance and operating experience for US publicly listed companies across the media, entertainment, experiential and digital content industries to his new position at Sportradar. Most recently, Felenstein ser

    $LIND
    $SRAD
    Transportation Services
    Consumer Discretionary
    Computer Software: Programming Data Processing
    Technology
  • Sportradar Announces Additional Strategic Actions to Streamline Organizational Structure and Drive Growth and Innovation

    Names Executive Leadership Team to Oversee Global Functions Company Reaffirms Fiscal 2023 Guidance and Fiscal 2024 Outlook ST. GALLEN, Switzerland, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company") today announced additional strategic actions as part of its previously announced initiatives to streamline its organizational structure to enhance focus on clients and partners, drive global innovation and product development, and propel long-term growth, profitability, and shareholder value. "I am excited to announce this new global organization and leadership structure, which aligns our teams on our strategic priorities, promotes agile

    $SRAD
    Computer Software: Programming Data Processing
    Technology

$SRAD
Financials

Live finance-specific insights

See more
  • Sportradar Reports Fourth Quarter and Full Year 2024 Results and Announces Agreement to Acquire IMG Arena and Its Strategic Portfolio of Global Sports Betting Rights

    Full Year 2024 Highlights Revenue increased 26% to €1,107 millionProfit for the period of €34 million was in-line with prior yearAdjusted EBITDA1 increased 33% to €222 million and Adjusted EBITDA margin1 expanded to 20.1%Net cash from operating activities increased 36% to €353 million and Free cash flow1 increased 133% to €118 millionCustomer Net Retention Rate1 increased to 127%Implemented $200 million share repurchase plan and purchased $20.3 million under the planExceeded full year guidance for both revenue and Adjusted EBITDAAcquired affiliate marketing assets of XLMedia PLC Fourth Quarter 2024 Highlights Revenue increased 22% to €307 millionLoss for the period of €1

    $SRAD
    Computer Software: Programming Data Processing
    Technology
  • Sportradar to Release Fourth Quarter and Full Year 2024 Financial and Operating Results on March 19, 2025

    ST. GALLEN, Switzerland, March 06, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar") will release its financial and operating results for the fourth quarter and full year ended December 31, 2024, on Wednesday, March 19, 2025. Sportradar will also host an earnings call via webcast to discuss the results at 8:30 a.m. Eastern time on Wednesday, March 19, 2025. Those wishing to either listen to, or participate in, the earnings webcast can do so by accessing Sportradar's Investor Relations website at https://investors.sportradar.com. Additionally, a replay will be posted on the Investor Relations website for one year after the conclusion of the event. About SportradarS

    $SRAD
    Computer Software: Programming Data Processing
    Technology
  • Sportradar Reports Third Quarter 2024 Financial Results and Further Raises Full Year 2024 Outlook

    Third Quarter 2024 Highlights Revenue increased 27% to €255 millionProfit for the period increased €33 million to €37 million and expanded to 14.5% as a percentage of revenueAdjusted EBITDA1 increased 30% to €66 million and Adjusted EBITDA margin1 expanded to 25.8%Net cash generated from operating activities increased 55% to €118 million and Free cash flow1 increased 192% to €62 millionCustomer Net Retention Rate1 increased to 126%Repurchased $8.3 million of sharesFurther raised full year guidance to revenue growth of at least 24% to €1,090 million and Adjusted EBITDA growth of at least 29% to €216 million ST. GALLEN, Switzerland, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NA

    $SRAD
    Computer Software: Programming Data Processing
    Technology

$SRAD
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more