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EveryMatrix alcanza su máximo trimestral en 16 años 

By - 13 2024 mayo

EveryMatrix has smashed its historical quarterly high with continued strong revenue growth and profitability hitting a new record. 

Announcing Q1 2024 results, the industry’s fastest growing iGaming technology provider had quarterly net revenue of €39m across all products, growth of 66 per cent year-on-year (YoY), while also setting a quarterly profit margin record of 57 per cent – its fourth consecutive quarter with both growth and profit margin above 50 per cent.

Q1 2024 EBITDA rose to €22.3m, up 111 per cent. The record quarter comes just three months after EveryMatrix registered the strongest financial results in its history.

The EveryMatrix financial year is underway in style, driven by large value client signings, multiple new client launches across all the company’s core business units, strong sports trading and innovation and continued growth in casino.

EveryMatrix was among the first wave of iGaming technology providers to gain regulatory accreditation in Peru, while it made further progress in the US launching its first casino aggregation partner with third-party content live on DraftKings in New Jersey. 

The tier-1 supplier also hit a significant post-period milestone reaching 1,000 employees across 13 global locations, with its largest purpose-built office opening its doors to 450 personnel in Bucharest, Romania and a new office launched in Cebu, Philippines, dedicated to focusing on CI profundo data products.

EveryMatrix quarterly Gross Gaming Revenue (GGR) performance for operator partners within the Casino segment generated a record quarterly performance of €619m in Q1 2024, up 65 per cent year-on-year with GGR for the last 12 months at €2.1bn, a 78 per cent increase.

Quarterly casino net revenue rose to €19.9m, up 83 per cent year-on-year while EBITDA reached €13.2m reflecting a 132 per cent year-on-year increase. The SlotMatrix aggregation product introduced 886 new games.

La Matriz de probabilidades sports division saw turnover rise 31 per cent year-on-year to €1.3bn, with GGR climbing 308 per cent year-on-year to €96m. Net revenue for Q1 2024 reached €10.5m, up 78 per cent year-on-year, while EBITDA hit €6.2m, reflecting a 313 per cent year-on-year increase. 

OddsMatrix covered a record 173k live events in a single month. The average monthly number of bets placed reached 39m.

Productos saw quarterly net revenue reach €7.3m, up 28 per cent year-on-year, with EBITDA at €3.2m, up 13 per cent year-on-year. The EveryMatrix Player Account Management (PAM) system hit a massive new record of 230k bets per minute at peak times.

The Affiliate Platform division, including Matriz de socios y CI profundo, saw net revenue grow to €1.4m during the quarter, up 39 per cent year-on-year, with EBITDA down €0.4m due to continued product and commercial investment. DeepCI added 22 further geos to its offering and signed 14 new clients, while PartnerMatrix signed 15.

Ebbe Groes, Group CEO of EveryMatrix, said: “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. Watch this space as there is plenty more to come from EveryMatrix this year!”

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