EveryMatrix Shatters Records with Stellar First Quarter in 2024
EveryMatrix has announced an impressive start to 2024, achieving historical highs in both revenue and profitability. The company reported net revenue of €39 million in the first quarter, marking a 66% year-on-year increase.
The growth was accompanied by a record profit margin of 57%, continuing a trend of exceptional performance for the fourth consecutive quarter.
Expanding Global Footprint
The company’s EBITDA for Q1 reached €22.3 million, which represents a 111% increase compared to the same period last year.
EveryMatrix has been proactive in its global expansion, particularly focusing on regulatory accreditations and market entries. Notably, the company was among the first iGaming technology providers to gain regulatory accreditation in Peru.
Additionally, it made an impact in the U.S. market by launching its first casino aggregation partner, Supremeland Gaming Inc., live on DraftKings in New Jersey.
Record-Setting Casino and Sports Betting Performance
The company’s casino segment reported a Gross Gaming Revenue (GGR) of €619 million for the quarter, a 65% increase year-on-year, with the last 12 months seeing a 78% rise to €2.1 billion.
The sports division, OddsMatrix, also saw growth with turnover up 31% year-on-year to €1.3 billion and a GGR increase of 308%.
Innovations and Launches Drive Success
EveryMatrix introduced 886 new games through its SlotMatrix aggregation platform, bringing its total to over 27,825 games. The OddsMatrix sports division covered a record 173,000 live events in a month, while the EveryMatrix Player Account Management system reached a new peak of 230,000 bets per minute.
The company has continued to invest in product development and commercial expansion, particularly in the Affiliate Platform division, which includes PartnerMatrix and DeepCI. Despite a slight decrease in EBITDA in this segment due to ongoing investments, the company signed numerous new clients, further expanding its market reach.
Ebbe Groes, Group CEO of EveryMatrix, expressed his enthusiasm about the company’s trajectory. “It’s been more than a year of the company breaking records and hitting new highs, and this quarter has been the best yet. It’s mind-blowing how far we’ve come and how much progress continues to be made across the entire business. From casino, sports and platform that are all showing extremely positive signs of sustained growth and expansion, to our affiliate, payments and live casino divisions that are pushing the boundaries of technology and paving the way for future success, we’re in a fantastic position for the remainder of 2024 and beyond,” said Groes.
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