Igaming technology supplier EveryMatrix has recorded consecutive quarterly profit margin figures above 50 per cent.

EM

EveryMatrix’s Q3 2023 update shows consistently strong growth and profitability with net revenue of €27.2m and EBITDA of €14m, up 62 per cent and 113 per cent respectively year-on-year.

This is the third consecutive quarter with organic net revenue growth above 50 per cent. EBITDA/net revenue was at 50 per cent compared to 38 per cent for the same period in 2022 - the second consecutive quarter above 50 per cent.