EveryMatrix Achieves Record-Breaking Financial Performance in 2024

EveryMatrix, a leading global provider of iGaming technology, has celebrated a monumental year, with 2024 marking its most successful financial performance in company history. The firm has reported unprecedented growth, suring the €100 million EBITDA milestone and achieving a 59% year-on-year increase in net revenue.

EveryMatrix’s achievements in 2024 set a strong foundation for continued growth in 2025 and beyond. With its strategic acquisitions, a rapidly expanding product portfolio, and robust market performance, the company is well-positioned for sustained success.

The firm’s ability to innovate, deliver high-quality products, and maintain a strong focus on customer satisfaction ensures that it will remain a key player in the competitive iGaming industry.

Impressive Year-End Results Reflect Unprecedented Growth

EveryMatrix’s outstanding 2024 results were driven by strong performances across all product categories, including core sports and casino business units. In Q4 2024 alone, the company reached €55 million in net revenue, reflecting a 51% year-on-year increase.

For the entire year, EveryMatrix’s net revenue surged to €181 million, a remarkable 59% improvement. EBITDA for Q4 stood at €30 million, up 49% YoY, while the full-year EBITDA hit €101 million, marking a 70% increase from 2023. Additionally, EveryMatrix celebrated its seventh consecutive year with a profit margin exceeding 50%.

” 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 tly did this. We will keep pushing to improve all products to help our clients’ continued growth!” said Ebbe Groes, CEO of EveryMatrix.

Key Acquisitions and Record-Breaking Casino and Sportsbook Results

The company’s stellar performance was also bolstered by its two significant acquisitions in 2024. In July, EveryMatrix acquired FSB Technology, followed by the purchase of Fantasma Games in October.

These acquisitions not only expanded EveryMatrix’s product offering but also contributed to its revenue growth. FSB Technology added approximately 14% more Gross Gaming Revenue (GGR) to the company’s sportsbook business unit, while Fantasma Games contributed 45 popular game titles to the firm’s in-house portfolio.

As a result, EveryMatrix’s OddsMatrix sportsbook achieved record-high results. Quarterly sportsbook turnover for Q4 reached €1.9 billion, with an annual increase of 50% YoY, while quarterly GGR surged by 115%, amounting to a record €160 million. In total, the company processed over 515 million bets in 2024, a testament to its remarkable growth.

Similarly, EveryMatrix’s Casino business unit continued to perform exceptionally well, with Q4 GGR reaching €782 million, up 33% year-on-year. This growth was reflected in the net revenue and EBITDA figures, which saw 52% and 46% increases respectively compared to the same period in 2023.

Expanding Global Footprint and Increasing Market Reach

EveryMatrix’s impressive performance was not limited to its financial achievements. The company also made strides in global expansion, securing its first omni-channel agreement with Arena Casino in Croatia and launching its SlotMatrix product in the US. Additionally, EveryMatrix continued to enhance its position in North America, having gone live with SlotMatrix content in West Virginia, where it is now licensed across all US iGaming states.

The company’s technology also achieved notable milestones, including the release of the completely rewritten Risk Management module for OddsMatrix, which has already seen successful client migrations. The integration of FSB Technology and Fantasma Games has also opened up new market opportunities, particularly in the UK and African markets.

A Year of Awards and Milestones

2024 was also a year of recognition for EveryMatrix, with the company winning seven major industry awards, including Casino Supplier of the Year and Aggregator of the Year. Furthermore, EveryMatrix sured the 1,000-employee milestone, with its workforce now totaling 1,300 , reflecting a 41% growth in staff compared to the previous year.

The company’s success was also highlighted by its acquisition of gold-standard certifications, including GLI-19 and GLI-33, for its core platform products, further solidifying its position as a leader in the iGaming technology sector.

Source:

”EveryMatrix crosses €100 million EBITDA barrier for 2024”, realmoneyaction.casinowinning.net, January 20, 2025.