EveryMatrix Touts Stellar Growth with Q3 Triumphs
EveryMatrix has not only confirmed its status as an iGaming tech leader but has also demonstrated its financial robustness with an impressive streak of profit margins exceeding 50%.
The third quarter of 2023 was particularly remarkable, with the company boasting a Net Revenue of €27.2 million and EBITDA soaring to €14 million, marking significant growth compared to the previous year.
Strategic Milestones and Expansions
Amidst financial prosperity, EveryMatrix has also hit numerous strategic milestones, particularly emphasizing its commitment to safer gambling practices. The Q3 period saw EveryMatrix become the pioneering iGaming supplier to obtain the World Lottery Association Safer Gambling certification.
Additionally, noteworthy tier-1 projects were successfully launched, with bet-at-home.de and TippmixPro, along with EveryMatrix’s first foray into the US regulated market via a content aggregation agreement with betPARX.
Dynamic Growth Across Business Units
Each segment of EveryMatrix’s business has seen remarkable growth. The Casino unit has generated a Gross Gaming Revenue (GGR) of €463 million, up by 77% Year-on-Year.
Sports betting and Platform services have also seen significant upticks in their revenue streams. The Affiliate Platform division, including PartnerMatrix and newly acquired DeepCI, showed a 48% increase in Net Revenue, substantiating its position as one of the fastest-growing tech businesses in the affiliate sector of iGaming.
A Look Ahead from Leadership
Ebbe Groes, Group CEO, reflected on the quarter’s success and the complex achievements in project execution and regulatory compliance, “Everyone’s hard work has paid off this quarter with yet another very strong period of organic growth and profitability that has seen us accomplish some major milestones and launch significant tier-1 projects…This fills me with pride and confidence for our future growth.”
Our Comment on the Article
EveryMatrix’s Q3 performance not only underscores the company’s technical and financial acumen but also reflects an iGaming industry that is increasingly prioritizing responsible gaming practices.
The company’s focus on safer gambling certification demonstrates an ethical stance that resonates well with stakeholders and consumers alike.
The expansion into the US market and the execution of complex technical projects exhibit EveryMatrix’s agility and its potential to scale new heights in innovation and customer experience.
It’s evident that EveryMatrix’s blend of strategic foresight, technological prowess, and a commitment to safety and ethical practices is a winning formula that other players in the iGaming industry might well seek to emulate.