EveryMatrix Sets Another Revenue Record in Q3 2024 with 66% Growth Year-over-Year

Remarkable Quarterly Growth Fueled by Strategic Acquisitions and Expanding Operations

The acquisition of FSB Technology in June and Fantasma Games in October has significantly bolstered EveryMatrix’s market presence and revenue potential.

CEO Ebbe Groes described the last few months as some of the most dynamic in the company’s 16-year history, highlighting that these recent expansions are expected to drive sustained growth and profitability.

Financial Performance: Record Revenue and Profit Margins

EveryMatrix’s Q3 2024 financial results demonstrate robust growth across all key metrics:

• Net Revenue: €45 million, up 66% YoY.
• EBITDA: €23 million, a 71% increase YoY with a margin of 52%.

This marks EveryMatrix’s sixth consecutive quarter with a profit margin exceeding 50%, driven by new customer launches, ongoing expansion in core sports and casino sectors, and robust sports trading margins.

Strategic Impact of FSB and Fantasma Games Acquisitions

The acquisition of FSB Technology has added approximately 15% in gross gaming revenue (GGR) to EveryMatrix’s sportsbook, solidifying its position in the competitive sports betting market.

The migration of existing FSB clients to EveryMatrix’s platform is progressing smoothly, with BetGoodwin already extending its use of the company’s turnkey sports and casino technology.

Fantasma Games, acquired in October, brings a wealth of commercial, technical, and creative expertise to EveryMatrix.

With over 250 operators using Fantasma’s games in more than 50 countries, this acquisition positions EveryMatrix favorably in emerging markets such as North America, where iGaming growth is surging. The addition of these assets is anticipated to boost both brand presence and game distribution on a global scale.

CEO’s Vision for Continued Expansion and Market Leadership

Reflecting on EveryMatrix’s recent successes, CEO Ebbe Groes commented, “The last few months have been some of the busiest since we founded the company 16 years ago; continuing to drive record GGR for our customers, launching more tier-one operators and making two significant acquisitions that have instantly added value to the wider group and that will future-proof both our sports and games divisions.

“As a result of these deals, we expect to see even more growth and profitability as we migrate more FSB customers to our technologies and our Games division accelerates production and distribution to become a significant global studio.

“We are the clear frontrunner when it comes to being the fastest growing igaming supplier.”

Casino Division Performance: Record-Setting Growth and New Integrations

EveryMatrix’s Casino Division has experienced exceptional growth, setting its 12th consecutive quarterly record. Key metrics include:

• Casino GGR: Increased by 53% YoY to €709 million.
• Last 12 Months GGR: €2.6 billion, up 63% YoY.
• Quarterly Net Revenue: €23.8 million, a 78% increase YoY.
• EBITDA: Rose by 95% YoY to €14.9 million.

The SlotMatrix aggregation platform introduced 970 unique game titles during the quarter, partnering with 10 new vendors, bringing the total number of integrated vendors to over 170.

OddsMatrix Sportsbook’s Record Turnover and Expanded Coverage

The OddsMatrix Sportsbook showed impressive growth with:

• Quarterly Turnover: €1.5 billion, up 87% YoY.
• Net Revenue: €11.7 million, an 85% increase YoY.
• EBITDA: €6 million, a 117% increase YoY.

OddsMatrix covered a record 530,000 live events in Q3, up 14% YoY, with the total bets placed rising 225% YoY to 132 million.

These milestones reflect EveryMatrix’s commitment to providing competitive sportsbook solutions, underpinned by robust market demand and enhanced product offerings.

Platform and Affiliate Divisions Contribute to Consistent Revenue Growth

EveryMatrix’s Platform Division achieved strong growth, with net revenue up 30% YoY to €8.1 million and EBITDA reaching €2.8 million.

Gamtrix, the platform’s core engine, processed an average of 400,000 bets per minute during peak times, marking an 18% QoQ increase.

The platform also recorded a 91% YoY surge in payment transactions, totaling €4.4 billion, and went live in Peru, expanding EveryMatrix’s Latin American footprint.

The Affiliate Division launched a new website that integrates affiliate software with advanced analytics tools, resulting in an 11% QoQ increase in active clients and a 13% YoY rise in net revenue to €1.4 million.

Although EBITDA in this division decreased by €0.25 million due to ongoing product and commercial investments, the strategic advancements in affiliate offerings are expected to yield long-term value.