EveryMatrix is a provider of iGaming solutions, software, content and services to online gambling and sports betting operators. The company released its latest trading report, revealing its performance in the first quarter 2023. New figures reveal that the company’s financial performance between January 1, 2023 and March 31, 2020 was strong, with significant increases quarter-overquarter and year-overyear in several operating segments.
EveryMatrix announced that its net revenue for the first three months of this year reached a record EUR23.5 Million ($26 million). Comparing this result to the same period in 2022 marked a 69% increase. Comparing the latest net revenue results to the previous quarter showed a 21% increase.
EveryMatrix released additional data that revealed EBITDA for Q1 2023 also increased. EBITDA in the first quarter of this year was EUR10.5m ($11.6m), a 119% increase over last year’s EUR4.8m ($5.3m). EveryMatrix reports that “EBITDA/Net revenue margin increased to 45%, driven by strong growth.”
Multi-Achievements Support Strong Financial Growth
Ebbe Groes was delighted with the latest trading update. Ebbe Groes, EveryMatrix’s group CEO, was excited about the recent trading update.
Groes said, “I am very proud of our business units and teams that are driving quarterly growth for our business and our partners in all areas.” EveryMatrix’s CEO said that the company plans to continue delivering its leading services to an ever-growing list of partners across the globe. Groes hinted at the fact that EveryMatrix plans to launch multiple large-scale initiatives.
” With new omnichannel deals being signed and innovative gamification features that will create more value for our operators, I am more excited than ever about the future growth of EveryMatrix.
Ebbe Groes is the group CEO of EveryMatrix
The company also highlighted the milestones that it achieved in the first quarter of this year. EveryMatrix signed an important deal in Croatia during the first quarter. It also joined forces with a Tier-1 operator, and signed 14 new affiliate platform agreements. In the first quarter of this year, EveryMatrix launched betathome.com, and announced that it expects to launch betathome.de in Q2.
EveryMatrix experienced a strong first quarter in North America. Connecticut has granted the company its fifth North American licensing. The company expanded its footprint in the area after receiving licenses in Ontario (Canada), New Jersey, Michigan, and West Virginia.
