EveryMatrix has concluded 2024 on a high note, reporting €181 million (£149 million) in annual net revenue a 59 percent increase compared to the previous year. The company also achieved a remarkable 70 percent rise in EBITDA, reaching €101 million (£83 million).
Strong fourth-quarter performance
The fourth quarter of 2024 saw EveryMatrix generating €55 million (£45 million) in revenue, reflecting a 51 percent year-on-year increase. Gross gaming revenue (GGR) for the quarter surged by 115 percent, reaching €160 million (£132 million).
EveryMatrix‘s OddsMatrix sportsbook platform emerged as a significant contributor, with betting volumes increasing by 73 percent over the year. The platform’s annual GGR climbed 135 percent to €448 million (£370 million). Quarterly sportsbook turnover rose by 50 percent, reaching €1.9 billion (£1.6 billion). Strategic developments, such as the acquisition of FSB Technology in July, played a vital role. FSB’s integration added 14 percent to the sportsbook division’s GGR and doubled the OddsMatrix trading and quants teams.
Casino division sets consecutive records
The 바카라 division concluded 2024 on a note of 13 consecutive record quarters, with revenues reaching €2.8 billion (£2.3 billion) in GGR for operator partners, a 49 percent year-over-year increase. In October of 2024, the firm acquired Fantasma Games, adding a further 45 titles to the company’s library of in-house games.
EveryMatrix’s strategic acquisitions have greatly improved its offerings and market position. Both FSB Technology and Fantasma Games acquisitions were funded fully through the company’s cash flow, leaving EveryMatrix debt-free.
North American market expansion
Market expansion has also been another growth driver. EveryMatrix goes live in West Virginia through partnerships with BetMGM and Rush Street Interactive (RSI). The company follows the earlier successes in New Jersey and Michigan, which made use of the SlotMatrix platform. The company has now obtained licenses in six North American jurisdictions, including Ontario and Pennsylvania, and thus solidifies its position in regulated markets.
The third quarter of 2024 for EveryMatrix was a performance that highlighted its upward trajectory with a 66 percent revenue increase. Improved sportsbook capabilities and acquisitions were also key factors driving growth during this period.
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