Longtime white label and online gaming solutions provider EveryMatrix posted record growth in the first quarter of this year. Based in Malta and Bucharest, with offices, laboratories and associated facilities around the world, the company has experienced the best growth in its history since its inception in 2011.
All business segments showed significant growth and profitability, including casinos, sports and platform sources. The company embarked on its largest platform migration to date, after reinvesting positive cash flow and signing omnichannel deals with major European Tier 1 carriers.
The first quarter of the year was marked 6 consecutive periods of quarterly growth with an impressive annual growth of 69% and a 21% increase in revenue sequentially – 23.5 million euros.
Cost control and growth mean record profits
Cost control helped the company achieve historic earnings growth an EBITDA of over 119% YoY for the quarter. Its EBITDA margin/Net profit increased by up to 45%.
Gross gaming revenue (GGR) increased significantly thanks to the strong performance of casino partners, with results reaching almost one percent 80% more than in the same quarter of 2022. The EveryMatrix Casino division generated €374 million, while esports in this sector contributed to a year-on-year increase of more than 200%.
The company expects to see continued growth throughout the year big deals signed in 2022 which are shown in the balance sheet. The numbers from BetatHome and the Hungarian lottery They should start raising the bar in the third and fourth quarters of this year.
Ebbe Groes, CEO of EveryMatrix Group, said: “Records continue to be broken and it’s because of our people. I am very proud of all of our businesses and their teams who work tirelessly to drive quarterly growth for the company and our partners across the board.”
“This year is all about delivering for our global customers and going beyond. We have several major projects underway including a successful platform migration and a new sportsbook image for home betting (Germany coming soon) and the launch of the new Hungarian Lottery digital sports offering later this year.
“More than ever, I look forward to the future growth of EveryMatrix, with the signing of new omnichannel agreements and innovative new gamification capabilities that will bring even more value to our operator partners.”
Gonzalo de Osma Bucero appointed Chief Financial Officer
even with one performance so phenomenalThe company replaced its former CFO, the former CFO of William Hill US Mark McMillan after about a year and a half in the role of industry veteran Gonzalo De Osma Bucero. He New EveryMatrix Finance Supervisor He comes after a career spanning more than a decade and a half at Codere, one of the most successful and largest listed online and traditional operators in Europe. The Finance Director managed Codere’s operations in Spain, Mexico and Malta.
your successes with codere These include overseeing 90 traditional casinos in Mexico, a race track and the largest exhibition center in Latin America. His duties there included procurement greatest credit the company in Mexico – Help the company weather the pandemic and sign a merger/SPAC agreement that made the online division hit the mark NASDAQ exchange in the USA.
Gonzalo de Osma Bucero will share your time between the legal and compliance teams in Malta and Bucharest, Romania, where the finance team is based at corporate headquarters.
Coming back to EveryMatrix’s achievements and milestones in Q1 2023, we find the following press release from the company:
- Received license approval from MGA (Malta) and Greece for new gamification product JackpotEngine
- Signed 35 new contracts in eight different jurisdictions, including three turnkey customers
- 14 new affiliate platform deals signed, compared to eight in Q1 2022
- bet-at-home.com launches on the EveryMatrix platform and technology stack with a new user interface; on track to launch bet-at-home.de in the second quarter of 2023
- Signed a major omnichannel and managed services deal with a Tier 1 carrier in Croatia
In addition, EveryMatrix delivered nine new payment integrations to its partners and received its fifth license in a US gaming state in Connecticut, complementing regulatory agreements in Michigan, New Jersey and West Virginia and Like in Ontario, Canada. Also in the US, the company signed a deal with betParx to provide content in the Northeast.
Spring: EveryMatrix Delivers Record GrowthEvery Matrix News, May 4, 2023