EveryMatrix Continues to Bolster Growth with Strong Q3 2023 Results

EveryMatrix, a leading supplier of iGaming solutions, software, services, and content for sports betting and casino operators, has released its latest trading update for the third quarter of 2023. The report, published on Tuesday, reveals the company’s record-breaking performance between July and September.

In the third quarter of this year, EveryMatrix recorded net revenue of €27.2 million ($29 million), representing a 62% increase compared to the same period in 2022. The company’s EBITDA for Q3 reached €14 million ($14.9 million), marking a staggering 113% year-over-year growth. This is the third time EveryMatrix has achieved net revenue growth exceeding 50%. Additionally, the company reported a revenue of €60 million ($64 million) for Q3 2023, indicating a substantial 79% increase compared to the previous year.

Despite facing headwinds from exchange rate effects, EveryMatrix achieved outstanding results in the casino and sports betting segments. Casino gross gaming revenue for Q3 2023 reached €463 million ($493.9 million), up by 77% year-over-year. The company’s sports turnover soared to €810 million ($864 million), representing an 85% increase year-over-year. Furthermore, the sports segment’s gross gaming revenue saw solid growth of 26%, despite similar exchange rate challenges.

These impressive results reinforce EveryMatrix’s position as the fastest-growing provider of iGaming content, technology, and solutions, with consecutive quarters of profit margins exceeding 50%.

Earlier this month, EveryMatrix secured a collaboration with Szerencsejáték Privately Held Company Limited (SZRT), the entity responsible for Hungary’s national lottery. After a competitive tender process, EveryMatrix was selected to provide betting services and solutions to power the TippmixPro brand of the national lottery.

Ebbe Groes, EveryMatrix’s group CEO, expressed his excitement about the company’s latest achievements. He credited the outstanding performance to the hard work of the company’s experts and highlighted the significant milestones accomplished during the trading period. Groes also mentioned EveryMatrix’s certification by the World Lottery Association (WLA) as a major achievement. In September, EveryMatrix became the first iGaming supplier to receive the prestigious WLA Safer Gambling Certification. Groes concluded by stating that the company is well-positioned for further growth and expansion in the coming months and beyond.