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EveryMatrix Achieves Record Financial Growth in 2024

Posted on January 23, 2025 | 12:45 pm
EveryMatrix-reports-€181m-annual-revenue-in-2024,-marking-59_-growth

EveryMatrix, a leading technology provider in the iGaming sector, has reported unprecedented financial results for 2024, surpassing the €100 million EBITDA mark for the first time. The company’s annual net revenue reached an all-time high of €181 million, representing a 59% year-on-year (YoY) increase, while EBITDA soared by 70% YoY to €101 million. These milestones were fueled by significant expansions and strategic acquisitions.

Throughout 2024, EveryMatrix experienced significant growth across its core business units. The company’s fourth-quarter performance set new benchmarks, with net revenue reaching €55 million, a 51% increase YoY, and quarterly EBITDA hitting €30 million, reflecting a 49% YoY rise.

The casino segment delivered a record thirteenth consecutive quarter of growth, generating a Gross Gaming Revenue (GGR) of €782 million in Q4 alone, with full-year casino GGR climbing to €2.8 billion, marking a 49% YoY growth. The company’s SlotMatrix aggregation platform introduced 1,145 new game titles and onboarded 33 new vendors in Q4, boosting its content offering to over 175 suppliers.

OddsMatrix, the sportsbook division, reported outstanding results, with total bets exceeding 515 million in 2024. The sportsbook turnover reached €1.9 billion in Q4 and €5.9 billion for the full year, showing a 50% YoY increase. The sportsbook’s GGR surged by 135% YoY to €448 million, while net revenue in Q4 grew by 92% YoY to €17.5 million.

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Strategic Acquisitions Drive Success

EveryMatrix’s success in 2024 was further bolstered by strategic acquisitions, including FSB Technology and Fantasma Games. These acquisitions contributed significantly to the company’s revenue and market expansion.

FSB Technology, acquired in July, added 14% additional GGR to the sportsbook business unit, doubling the trading and quants team to enhance personalized risk management solutions. This acquisition also opened new opportunities in the UK and African markets.

Fantasma Games, integrated in October, expanded EveryMatrix’s in-house gaming portfolio to over 120 games, with its 45 existing titles being played across 50+ countries. The acquisition strengthened EveryMatrix’s presence in North America, with SlotMatrix going live in West Virginia and securing licenses across multiple US states.

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Overall Rating
98
Overall Rating
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Overall Rating
97
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Leadership Commentary and Future Prospects

Reflecting on the company’s success, Group CEO Ebbe Groes expressed pride in the achievements, stating, “I’m proud of all our achievements in 2024 but particularly in sports where OddsMatrix has undergone an incredible period of growth, increasing betting volumes by a factor 14 in just five years.” He highlighted the scalability and resilience of the company’s platforms, emphasizing their capability to support future growth.

Looking ahead, EveryMatrix plans to continue its expansion by integrating new partners, enhancing its platform capabilities, and capitalizing on emerging market opportunities. With a focus on global growth, the company aims to sustain its upward trajectory and further solidify its position in the iGaming industry.

The supplier’s platform has a significant live casino component, powered by collaborations with top-tier providers of live dealer games, including Pragmatic PlayEvolution, Ezugi, Playtech, and 7Mojos.

Source:

“EveryMatrix crosses €100 million EBITDA barrier for 2024“, everymatrix.com, January 20, 2025.

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