Date: 31.08.2023

by Mateusz Mazur

EveryMatrix Achieves Spectacular Seventh Consecutive Record Quarter

EveryMatrix Achieves Spectacular Seventh Consecutive Record Quarter iGamingExpress

EveryMatrix, the dynamic B2B iGaming technology provider, continues its meteoric rise with an astounding seventh consecutive record quarter. With an impressive profit margin surge of 55%, EveryMatrix has solidified its position as one of the most profitable tier-1 suppliers in the industry.

Sustained Growth and Unparalleled Profitability

EveryMatrix’s Q2 2023 update showcases remarkable organic growth and profitability across its Casino, Sports, and Platform segments. This stellar performance has propelled the company to achieve its seventh consecutive record quarter, with a Net Revenue of €27 million and an EBITDA of €15 million. These figures represent a staggering YoY growth of 82% and 188%, respectively, and a QoQ growth of 15% and 42%.

The EBITDA/Net Revenue margin has soared to an all-time high for EveryMatrix, escalating from 45% in Q1 2023 to an impressive 55% in Q2 2023. This notable margin expansion is attributed to robust growth strategies and successful cost management.

Setting Industry Benchmarks

Across all business segments, EveryMatrix has continued to shatter records. The Casino products have been a consistent catalyst, fueling the rapid expansion of numerous global tier-1 brands. Notably, the Casino business unit achieved an 86% YoY increase in Gross Gaming Revenue (GGR), totalling €432 million. Casino Net Revenue also soared to a record-breaking €12.6 million for the quarter, marking an 83% rise from the previous year.

EveryMatrix’s CasinoEngine, a pioneering productivity platform, has surged ahead with a monthly turnover of €4 billion and over 4 billion monthly game rounds, an unprecedented achievement. Meanwhile, the Sports business unit registered a staggering YoY GGR increase of 137%, with Sports Net Revenue for the quarter rising by an impressive 79% compared to 2022.

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Revolutionizing Platform Proficiency

The Platform business unit exhibited an 85% YoY Net Revenue surge, reaching a remarkable milestone of over 90,000 bets per minute during peak hours. Simultaneously, major clients were seamlessly migrated to the enhanced and ultra-scalable wallet service, underscoring EveryMatrix’s commitment to innovation.

EveryMatrix’s strategic acquisition of DeepCI, a data-driven betting and gaming affiliate optimization service, reinforces its dedication to pioneering technology. DeepCI’s proprietary technology assesses affiliate sites globally, pinpointing gaming brand visibility and effectiveness. This service empowers operators, including renowned brands like bet365 and Betsson, to optimize performance rapidly and enhance revenue generation.

Steadfast Pursuit of Excellence

Ebbe Groes, Group CEO of EveryMatrix, expressed pride in the consistent growth and profitability achieved, stating “This business, and our team of more than 750 people across 12 countries, continue to amaze me every day generating consistent, record growth and profitability for our customers who continue to benefit from the industry’s best casino, sports, and platform products.

“Our mission this year centres around our relentless drive to deliver the highest quality technology and services for our customers, and a seventh record quarter in a row proves we are firmly on course to achieving our goals.

“Our acquisition of DeepCI shows we are constantly looking to add complementary and innovative technology to our existing offering. Alongside our PartnerMatrix business unit, this game-changing technology will create even more value for our clients and I’m excited with what more we can achieve in the quarters to come.”

EveryMatrix’s unprecedented seventh consecutive record quarter showcases its unwavering dedication to industry leadership, innovation, and customer satisfaction. The company’s remarkable growth across various segments, strategic acquisitions, and focus on cutting-edge technology firmly positions EveryMatrix as a trailblazer within the iGaming technology landscape.

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