Date: 20.01.2025

by Adam Dworak

EveryMatrix Achieves Record Revenue and Profit Growth in 2024

EveryMatrix concluded 2024 with unprecedented financial success. The company achieved record net revenue and a seventh consecutive year of profit margins exceeding 50%, demonstrating its strong market position.

Financial Milestones and Acquisitions

EveryMatrix’s 2024 financial results showcase a significant leap, with net revenue soaring by 59% to €181 million. The company’s EBITDA also saw a substantial increase of 70% year-over-year, reaching €101 million.

These record figures were significantly boosted by the strategic acquisitions of FSB Technology and Fantasma Games, both of which were integrated into the group’s operations and revenue streams.

The acquisition of FSB Technology alone contributed approximately 14% to the Gross Gaming Revenue (GGR) of EveryMatrix’s sportsbook business.

Strategic Impact of Acquisitions

The acquisition of FSB Technology not only boosted sportsbook revenue but also enhanced the OddsMatrix platform, doubling the trading and quants team to improve managed odds and risk services.

This move also opened new revenue opportunities in Africa. Similarly, the acquisition of Fantasma Games added 45 new titles to EveryMatrix’s portfolio, bringing the total to over 120 games and increasing the value of the SlotMatrix product.

These strategic acquisitions have been instrumental in driving the company’s growth and market expansion.

Exceptional Fourth Quarter Performance

The fourth quarter of 2024 was particularly strong, with net revenue increasing by 51% year-over-year to €55 million and EBITDA rising by 49% to €30 million.

Casino operator partners of EveryMatrix achieved a 13th consecutive all-time high quarterly performance, generating €782 million, a 33% year-over-year increase.

The company also saw a 52% year-over-year increase in casino net revenue, reaching €27.1 million, and a 46% increase in EBITDA, standing at €16.7 million.

Sportsbook turnover in the final quarter reached €1.9 billion, contributing to a full-year total of €5.9 billion, a 50% year-over-year increase.

CEO’s Perspective and Future Outlook

Ebbe Groes, Group CEO of EveryMatrix, stated, “The timing of our results at ICE couldn’t be better while the industry gathers at the biggest event of the year.”

He also highlighted the growth of OddsMatrix, which has increased betting volumes by a factor of 14 in five years.

Groes further added:

“The momentum we’ve set in the last few years shows no signs of slowing down. Most of all, this is a result of our clients growing with us and my heartfelt thanks go to our customers and our staff. Your loyalty and efforts jointly did this. We will keep pushing to improve all products to help our clients’ continued growth!”