EveryMatrix reported its best-ever quarter in Q4 and all-time high annual net revenue across 2024.
Annual net revenue hit €181m, a 59 per cent increase, with EBITDA up 70 per cent to €101m. The igaming technology provider said Q4 featured a seventh consecutive profit margin of more than 50 per cent.
EveryMatrix reported record Q4 net revenue of €55m across all of its products, up 51 per cent year-on-year. Q4 EBITDA stood at €30m, up 49 per cent year-on-year.
The company said its acquisition of FSB has added approximately 14 per cent gross gaming revenue to the group’s OddsMatrix sportsbook unit volumes, with customer migration “on track.”
“The acquisition has strengthened key areas of the business, including the OddsMatrix sportsbook, by doubling the trading and quants team to enhance personalisation within managed odds and risk services.
“The deal has also opened the UK and African markets for EveryMatrix.”
The company also acquired igaming content supplier Fantasma Games in 2024, which EveryMatrix said has added 45 titles that are already live with over 250 operators and played by players across over 50 countries. This has increased EveryMatrix’s in-house portfolio to more than 120 games.
“Fantasma Games’ market distribution will also boost EveryMatrix’s presence in rapidly growing markets,” the company said.
“North America remains a key focus area. SlotMatrix went live in West Virginia during the quarter and is licensed in all US igaming states. The SlotMatrix commercial team has also been strengthened with the arrival of Björn Sjöberg as CCO, formerly CCO of Evolution Games.”
Q4 GGR for operator partners within the Casino business unit generated a 13th consecutive record quarterly performance of €782m, up 33 per cent, with GGR for the last 12 months up 49 per cent to €2.8bn.
Other highlights of EveryMatrix’s recent period of business included OddsMatrix betting volumes rising 73 per cent to over 515 million in 2024.
Quarterly sportsbook turnover climbed to €1.9bn and €5.9bn for the last 12 months, the company said, “reflecting a 50 per cent year-on-year increase, while Q4 GGR reached a record €160m, a 115 per cent increase year-on-year.
“In the last 12 months GGR rose by 135 per cent year-on-year to €448m. Net revenue for the quarter reached €17.5m, up 92 per cent year-on-year while EBITDA reached €11.4m, reflecting a 133 per cent year-on-year increase.”
EveryMatrix’s GamMatrix platform division saw Q4 net revenue rise nine per cent year-on-year to €8.6m, while PartnerMatrix quarterly net revenue hit €1.4m, up two per cent.
“I’m proud of all our achievements in 2024 but particularly in sports where OddsMatrix has undergone an incredible period of growth, increasing betting volumes by a factor 14 in just five years,” said EveryMatrix group CEO Ebbe Groes.
“The system’s ability to handle this mega growth for bet placement, bet settlement and risk management, while simultaneously adding many features, is proof of just how solid its architecture is.
“In this quarter alone, we launched a completely rewritten Risk Management module, infinitely scalable and with many new features. Several clients have already migrated to it.
“The momentum we’ve set in the last few years shows no signs of slowing down. Most of all, this is a result of our clients growing with us and my heartfelt thanks go to our customers and our staff.
“Your loyalty and efforts jointly did this. We will keep pushing to improve all products help our clients’ continued growth.”
