EveryMatrix-records-net-income-of-E-235-million-in-1st-half-of-year-1
EveryMatrix-records-net-income-of-E-235-million-in-1st-half-of-year-1

EveryMatrix‘s Q1 numbers were up 21% quarterly and 69% year-on-year to €23.5 million ($25.9 million).

The increase in Q1 revenue led to record profits. EBITDA increased by 119% to €10.5 million, with a three-year compound annual growth rate of 39%. Additionally, EBITDA, or net income margin, increased to 45% due to cost control and growth.

EveryMatrix’s casino business unit produced a record quarterly gross gaming revenue (GGR) performance for partner operators, producing €374 million, a 77% increase from the same period in 2022.

Ebbe Groes, CEO of EveryMatrix Group, said: “This year is all about delivering and going above and beyond for our global customers. We have several large-scale projects underway, including a platform migration and a new sportsbook for the Bet-at-Home, with Germany coming soon and the launch of the Hungarian lottery’s new digital sports offering later this year.”

EveryMatrix reported net income of €10.8 million, up 84% and 52% higher than the previous quarter’s record.

Net income in sports increased by 29% to €5.9 million compared to last year. The platforms segment, which supports the casino and sports betting business units, registered a net revenue increase of 97% compared to the previous year and a record EBITDA contribution of 3.4 million euros.

About EveryMatrix

Established in 2008, EveryMatrix is ​​one of the world’s most recognized B2B technology providers to the industry. The company employs more than 530 people in nine countries: Malta, Romania, Ukraine, Spain, Armenia, Norway, China, Thailand and now also in the United States.