B2B igaming technology provider EveryMatrix has released its 2021 financial results covering the company’s performance for Q4 and the full year of 2021.
EveryMatrix showed strong growth in 2021 powered by past product investments. The company has successfully launched new client brands, expanded its footprint with tier-one operators and made key progress in the US market. Continued hiring and investment in development have taken place throughout the pandemic.
The newly released report shows gross profit, gross revenue less direct costs, at €13.9m in Q4 2021, an increase of 26 per cent compared to the same period last year. For the full year of 2021, gross profit increased by 32 per cent year-on-year to €51.5m.
The EBIDTA also shows strong development and amounted to €4.4m, an increase of 23 per cent compared to the same period last year. For the full year of 2021, EBITDA increased by 65 per cent to €19.7m.
Ebbe Groes, group CEO of EveryMatrix, said: “I am delighted to report excellent results for the fourth quarter and 2021 as a whole in terms of strong gross profit and EBIDTA growth, onboarding of new clients and deals signed.
"We delivered this result despite the regulatory changes in Germany, which have impacted the casino segment significantly. This achievement proves the positive effect of the bold leap EveryMatrix took when investing heavily in product and technology. It has given us a strong, diverse and competitive product offering and the ability to attract new clients.”
