EveryMatrix, a leading iGaming technology provider, has achieved unprecedented success in 2023, marking its strongest financial performance to date.
The company's remarkable growth and profitability throughout the year have set new records, reflecting its position as a top player in the industry.
The financial results for Q4 2023 demonstrate EveryMatrix's exceptional performance, with a remarkable quarterly profit margin of 56%, marking the third consecutive quarter with a profit margin exceeding 50%.
The company reported record annual net revenue of €114 million across all products, marking a substantial 75% increase from 2022 and more than four times higher than in 2019.
The outstanding growth was evident across all business segments, with Q4 seeing a record quarterly net revenue of €36 million, representing an impressive 87% year-on-year increase.
Annual EBITDA surged to €60 million, marking a remarkable 155% increase compared to 2022, driven by strong sports trading margins and significant growth in the casino segment.
One of the key drivers behind EveryMatrix's success in 2023 was its commitment to delivering excellence in technology and service to its expanding customer base.
The company successfully launched its turnkey platform for the Hungarian state lottery, Szerencsejáték Zrt, and Bet-at-home in Germany, marking its largest platform launches to date.
Additionally, EveryMatrix bolstered its affiliate division with the acquisition of DeepCI, a leading iGaming intelligence platform, further enhancing its ability to provide data-driven insights to customers.
In a significant move, EveryMatrix introduced a new live casino product and business unit called PlayMatrix, offering a cutting-edge platform with advanced features tailored to meet the demands of modern players.
The company's quarterly Gross Gaming Revenue (GGR) performance for operator partners within the Casino business unit surged to €588 million in Q4 2023, reflecting an 89% year-on-year increase.
The OddsMatrix sports division also achieved unprecedented success, setting record growth and profitability, with a 69% year-on-year increase in net revenue.
Reflecting on the remarkable achievements of 2023, Ebbe Groes, Group CEO of EveryMatrix, expressed his optimism for the future. He stated, "Our growth acceleration from 2019 to today is staggering, while crucially we continue to deliver huge returns for our customers.
The last 12 months have propelled OddsMatrix to joining the ranks of the industry’s largest sportsbook providers."
Looking ahead to 2024 and beyond, EveryMatrix remains focused on innovation and expansion, with plans to launch new products, technologies, and initiatives to drive continued growth and success in the dynamic iGaming industry.
