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EveryMatrix Record Net Revenue in Q1

13 May 2024

EveryMatrix announced that the company achieved a record €39 million in revenue in the year's first quarter. This constitutes a stunning 66% increase while simultaneously setting new EBITDA highs. The firm has been experiencing significant growth across various segments, showcasing impressive financial figures in its recent quarterly report. The company's CEO, Ebbe Groes, stated, 'It’s been more than a year of the company breaking records and hitting new highs, and this quarter has been the best yet.' 

Revenue Breakdown

The company's net revenue across all platforms experienced a 65% annual growth, with the total revenue reaching the €80 million mark. EveryMatrix also achieved a new high in EBITDA, skyrocketing by 111% to €22.3 million. This surge in profitability is obvious by the margin; in the first quarter of 2023, it was 45%, while in the first quarter of 2024, it was 57%

Ebbe Groes underlined the valid performance of multiple products, such as casino, sports, platform, affiliate, payments, and live casino. In addition, EveryMatrix launched gaming content in Michigan with partners such as DraftKings Golden Nugget and BetMGM. EveryMatrix also went live in New Jersey (via Supremeland Gaming) and released Slot Trumps Player Behaviour Reports.

The company expanded its B2B aggregator SlotMatrix and received endorsement from Peru’s Ministry of Foreign Trade and Tourism. Finally, notable financial figures include gross gaming revenue (GGR) of €619 million from the casino segment, quadrupling GGR in the OddsMatrix sports segment, and a 28% increase in net revenue from the Platform segment. 

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