EveryMatrix is doing way better than expected – and it was expected a lot from this B2B iGaming technology provider. The record-breaking profit is recorded for the seventh consecutive quarter, with a profit margin of 55%. This made the Malta-headquartered company one of the most profitable suppliers in the entire industry.
Growth in all segments of the business:
The company’s net revenue across Casino, Sports, and Platform was €27 million, along with the EBITDA, which was €15 million. Compared to the previous year, the growth was 82% and 188%, respectively, and it was 15% and 42% more compared to the previous quarter as well.
In the second quarter of 2023, EBITDA and Net Revenue increased from 45% in the first quarter to 55%. It shows how successful the company became, indicating its strong growth and great cost control.
EveryMatrix Casino keeps growing from year to year, proving itself as a leader in the casino industry.
Gross Gaming Revenue broke past records. The revenue the casino earned, along with its partners, was €432 million, which shows an increase of 86% compared to the previous year. Quarterly, the increase is 16%.
Casino’s Net Revenue from the last quarter was €12.6, which is 83% more than during the same period in 2022.
The company’s popular productivity platform, CasinoEngine, earned a monthly turnover of €4 billion, which is a key point in its development since it’s the first time that the platform surpassed that amount.
The Sports business was also successful, with a gross gaming revenue of €57 million, which is 137% more than in 2022. Net Revenue also increased by 79%.
The Platform business’ Net Revenue was 85% higher. The great amount of at least 90,000 bets in only a minute in the peak led to some amazing results.
Among great business decisions was the acquisition of DeepCl, which took place on July 1 this year. This is an advanced data-driven affiliate optimization service for the betting and gaming industries, which monitors thousands of affiliate businesses all around the world, showing all mentions of the brand, all with the goal of enabling more exposure and tracking the popularity of the brand.
With this tool, the companies can track both their and the performance of their competitors, which can greatly impact various business decisions.
The platform became profitable very quickly. This is an independent part of EveryMatrix.
Ebbe Groes, Group CEO of EveryMatrix, said: “This business, and our team of more than 750 people across 12 countries, continue to amaze me every day, generating consistent, record growth and profitability for our customers who continue to benefit from the industry’s best casino, sports, and platform products. Our mission this year centres around our relentless drive to deliver the highest quality technology and services for our customers, and a seventh record quarter in a row proves we are firmly on course to achieving our goals.“