EveryMatrix hits 16-year quarterly high
EveryMatrix has smashed its historical quarterly high with continued strong revenue growth and profitability hitting a new record.
Announcing Q1 2024 results, the industrys fastest growing iGaming technology provider had quarterly net revenue of 39 million across all products, growth of 66% Year-on-Year (YoY), while also setting a quarterly profit margin record of 57% – its fourth consecutive quarter with both growth and profit margin above 50%. Q1 2024 EBITDA rose to 22.3m, up 111% YoY.
The record quarter comes just three months after EveryMatrix registered the strongest financial results in its history.
Starting the year in style
The EveryMatrix financial year is underway in style, driven by large value client signings, multiple new client launches across all the companys core business units, strong sports trading and innovation and continued growth in 바카라.
EveryMatrix was among the first wave of iGaming technology providers to gain regulatory accreditation in Peru, while it made further progress in the US launching its first 바카라 aggregation partner with third-party content live on DraftKings in New Jersey.
The tier-1 supplier also hit a significant post-period milestone reaching 1,000 employees across 13 global locations, with its largest purpose-built office opening its doors to 450 personnel in Bucharest, Romania and a new office launched in Cebu, Philippines, dedicated to focusing on DeepCI data products.
Casino and sports continue to shine
EveryMatrix quarterly Gross Gaming Revenue (GGR) performance for operator partners within the Casino segment generated a record quarterly performance of 619m in Q1 2024, up 65% YoY with GGR for the last 12 months at 2.1 billion, a 78% YoY increase.
Quarterly 바카라 net revenue rose to 19.9m, up 83% YoY while EBITDA reached 13.2m reflecting a 132% YoY increase. The SlotMatrix aggregation product introduced 886 new games.
The OddsMatrix sports division saw turnover rise 31% YoY to 1.3bn, with GGR climbing 308% YoY to 96m. Net revenue for Q1 2024 reached 10.5m, up 78% YoY, while EBITDA hit 6.2m, reflecting a 313% increase. OddsMatrix covered a record 173k live events in a single month. The average monthly number of bets placed reached 39m.
Platform saw quarterly net revenue reach 7.3m, up 28% YoY, with EBITDA at 3.2m, up 13% YoY. The EveryMatrix 바카라er Account Management (PAM) system hit a massive new record of 230k bets per minute at peak times. The Affiliate Platform division, including PartnerMatrix and DeepCI, saw net revenue grow to 1.4m during the quarter, up 39% YoY, with EBITDA down 0.4m due to continued product and commercial investment. DeepCI added 22 further geos to its offering and signed 14 new clients, while PartnerMatrix signed 15.
Ebbe Groes, Group CEO of EveryMatrix, said: Its been more than a year of the company breaking records and hitting new highs, and this quarter has been the best yet. Its mind-blowing how far weve come and how much progress continues to be made across the entire business. From 바카라, sports and platform that are all showing extremely positive signs of sustained growth and expansion, to our affiliate, payments and live 바카라 divisions that are pushing the boundaries of technology and paving the way for future success, were in a fantastic position for the remainder of 2024 and beyond. Watch this space as there is plenty more to come from EveryMatrix this year!
Q1 2024 highlights
- Among first wave of B2B technology providers to gain regulatory accreditation in Peru
- Signed a turnkey customer estimated to deliver more than 3m annual net revenue
- Live on DraftKings in New Jersey with first US 바카라 content aggregation partner C Supremeland Gaming Inc
- Launched game content with Entain (BetMGM), Golden Nugget Online Gaming and
- DraftKings
- 886 new games on SlotMatrix aggregation platform bringing total to 27,825+ games
- Integrated seven new 바카라 vendors bringing total to 158
- In-house games studio Armadillo Studios launched several games including Alices Mad
- Fortune, Shamrock Surprise, Gummy Galaxy and Paws & Claws
- Released 30+ new betting types across multiple sports
- Signed 15 and 14 new PartnerMatrix and DeepCI clients respectively
- Increased total company headcount post-period to 1,000+ including opening an office in Cebu, Philippines focusing on DeepCI products
- Four new senior hires in Q1 including CEO MoneyMatrix, CEO 바카라Matrix, CCO 바카라Matrix, CCO PartnerMatrix.
