EveryMatrix Reports Record-Breaking Q2 with 57% Revenue Growth
EveryMatrix has announced its strongest-ever quarterly financial performance, with net revenue surging 57% year-on-year to €42.4 million in Q2 2024. This exceptional growth was accompanied by an all-time high profit margin of 59%, marking the fifth consecutive quarter of double-digit growth in both revenue and profit margin.
The company's EBITDA reached €25.1 million, representing a 67% year-on-year increase. This stellar performance was driven by significant customer launches, favorable sports trading margins, certification of jackpot engines, and continued expansion across its core business units of casino, sportsbook, and platform.
Core Business Units Deliver Strong Growth
EveryMatrix’s Casino segment generated a record-breaking €658 million in Gross Gaming Revenue (GGR) for its operator partners during the quarter, marking an 11th consecutive record-breaking performance. The segment's net revenue climbed 73% year-on-year to €21.9 million, with EBITDA surging 93% to €14.7 million. SlotMatrix, the company's aggregation platform, added 1,047 new game titles and integrated six new vendors during the quarter.
The Sportsbook division, powered by OddsMatrix, experienced robust growth as well. Turnover increased 48% year-on-year to €1.2 billion in Q2, while GGR surged 67% to €95 million. OddsMatrix processed a record 176,000 live events in a single month, showcasing its comprehensive sports coverage.
EveryMatrix's Platform business also delivered impressive results, with net revenue rising 35% year-on-year to €7.8 million. The company's Player Account Management (PAM) system processed a record 255,000 bets per minute during peak times.
Strategic Acquisitions Fuel Growth
The acquisition of FSB Technology, completed earlier in the year, has already contributed to EveryMatrix's growth trajectory. The deal has strengthened the company's sportsbook offering, expanded its market reach, and generated immediate additional revenue.
Additionally, the rebranding of DeepCI to PartnerMatrix Intelligence has created a powerful affiliate management and data tracking platform. The newly formed business unit signed 26 new customers during the quarter.
Ebbe Groes, Group CEO of EveryMatrix, expressed his enthusiasm for the company's outstanding performance:
"What is evident is that it’s been our best ever period of sustained growth and that the EveryMatrix effect is benefiting not just the business, but also crucially our customers, ensuring they continue to break their own records month after month.”
“The acquisition of FSB Technology and the strengthening of PartnerMatrix with PartnerMatrix Intelligence to create the most powerful affiliate platform proposition available are just two great examples of how we’re continuing to build on our success and grow our customers even more. We have enormous momentum, and I can’t wait to see what happens next."
EveryMatrix's consistent outperformance positions the company as a leading force in the iGaming industry. With a strong financial foundation and a focus on delivering value to its customers, EveryMatrix is well-positioned for continued success.
