EveryMatrix has registered the strongest financial results in its 16-year history, reporting record growth and profitability.
Net revenue across 2023 hit a record €114m across all products, up 75 per cent from 2022 and more than four times higher than in 2019.
The company also enjoyed a 56 per cent quarterly profit margin for Q4, its third consecutive quarter above 50 per cent in this regard.
Diving deeper into Q4, quarterly net revenue reached a record €36m, up 87 per cent year-on-year.
EveryMatrix CEO Ebbe Groes said the numbers are “mind-blowing,” with every business unit contributing to a “stellar set of financials” which prove “we really are among, if not, the industry’s fastest growing igaming technology supplier.”
“Particularly pleasing has been the development of our OddsMatrix technology where the team’s hard work has paid off in both winning and delivering to some of the largest operators in Europe,” Groes added.
“The last 12 months have propelled OddsMatrix to joining the ranks of the industry’s largest sportsbook providers.”
Indeed, the OddsMatrix sports division record its best-ever year, setting record growth, profitability and a record number of bets for tier-one customers.
Annual EBITDA rose to €60m for the full year, up 155 per cent compared to 2022 and €20m.
