EveryMatrix Achieves Record Growth and Profitability in 2023
EveryMatrix reports a historic financial performance for 2023, with a 56% quarterly profit margin in Q4 and a 75% increase in annual net revenue, driven by strategic launches and technological advancements.
Unprecedented Financial Milestones
EveryMatrix has announced its financial results for Q4 and the full year of 2023, marking the most successful period in its 16-year history. The company achieved a remarkable 56% quarterly profit margin in Q4, maintaining a profit margin above 50% for the third consecutive quarter. The annual net revenue reached €114m, an impressive 75% increase from the previous year’s €65m and a significant leap from €28m in 2019.
Strategic Launches and Technological Innovations
The record-breaking financial performance in 2023 was propelled by EveryMatrix’s commitment to excellence in technology and service delivery. Notable achievements include the largest turnkey platform launches with the Hungarian state lottery, Szerencsejáték Zrt, and Bet-at-home in Germany. These launches, along with the acquisition of DeepCI, a leading iGaming intelligence platform, have significantly contributed to EveryMatrix’s growth.
Launch of PlayMatrix
EveryMatrix unveiled PlayMatrix, a new live casino product and business unit, on December 27th, 2023. PlayMatrix introduces a state-of-the-art live Roulette product featuring 4K digital video signal processing technology, setting the stage for next-generation gaming experiences.
Record-Breaking Performance Across Segments
EveryMatrix’s Casino business unit reported a Gross Gaming Revenue (GGR) of €588m in Q4 2023, an 89% increase Year-on-Year (YoY). The OddsMatrix sports division also experienced its best year, with Q4 net revenue up 69% YoY and sports GGR climbing to €74m, up 210% YoY. The Platform and Affiliate Platform divisions also saw significant growth, with net revenues up 91% and 39% YoY, respectively.
Leadership’s Vision for the Future
Ebbe Groes, Group CEO of EveryMatrix, expressed excitement about the company’s achievements, stating, “2022 was phenomenal but this year’s numbers are mind blowing. Every business unit and every one of our employees has contributed to a stellar set of financials proving we really are among, if not, the industry’s fastest growing iGaming technology supplier.” Groes also highlighted the strategic investments in PlayMatrix and the anticipation of new technologies, innovations, and tier-1 customers in 2024.
Looking Ahead to 2024
With a focus on innovation, strategic partnerships, and expansion into new markets, EveryMatrix is poised for continued growth and success. The company’s record financial results, combined with its commitment to delivering cutting-edge technology and services, solidify its position as a leader in the iGaming industry. EveryMatrix’s outlook for 2024 is promising, with plans to surpass its current achievements and further enhance its offerings to clients worldwide.
