{"id":263,"date":"2023-05-14T20:41:33","date_gmt":"2023-05-14T20:41:33","guid":{"rendered":"https:\/\/hunzavalley.org\/online-casino-sports-and-payment-processing-provider-everymatrix-made-it-through-the-first-quarter\/"},"modified":"2023-05-14T20:41:33","modified_gmt":"2023-05-14T20:41:33","slug":"online-casino-sports-and-payment-processing-provider-everymatrix-made-it-through-the-first-quarter","status":"publish","type":"post","link":"https:\/\/hunzavalley.org\/online-casino-sports-and-payment-processing-provider-everymatrix-made-it-through-the-first-quarter\/","title":{"rendered":"Online casino, sports and payment processing provider EveryMatrix made it through the first quarter"},"content":{"rendered":"

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All business segments showed significant growth and profitability, <\/strong>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.<\/p>\n

The first quarter of the year was marked 6 consecutive periods of quarterly growth <\/strong>with an impressive annual growth of 69% <\/strong>and a 21% increase in revenue sequentially – 23.5 million euros<\/strong>.<\/p>\n

Cost control and growth mean record profits<\/h2>\n

Cost control helped the company achieve historic earnings growth an EBITDA of over 119% <\/strong>YoY for the quarter. Its EBITDA margin\/Net profit increased by up to 45%<\/strong>.<\/p>\n

Gross gaming revenue (GGR) increased significantly thanks to the strong performance of casino partners, with results reaching almost one percent 80% more <\/strong>than in the same quarter of 2022. The EveryMatrix Casino division generated \u20ac374 million, while esports in this sector contributed to a year-on-year increase of more than 200%.<\/p>\n

The company expects to see continued growth throughout the year big deals signed in 2022 <\/strong>which are shown in the balance sheet. The numbers from BetatHome and the Hungarian lottery<\/a> They should start raising the bar in the third and fourth quarters of this year.<\/p>\n

Ebbe Groes, CEO of EveryMatrix Group, said: \u201cRecords 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.\u201d<\/em><\/p>\n

\u201cThis 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.<\/em><\/p>\n

“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.”<\/em><\/p>\n

Gonzalo de Osma Bucero appointed Chief Financial Officer<\/h2>\n

even with one performance so phenomenal<\/strong>The company replaced its former CFO, the former CFO of William Hill US Mark McMillan <\/strong>after about a year and a half in the role of industry veteran Gonzalo De Osma Bucero. He New EveryMatrix Finance Supervisor <\/strong>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.<\/p>\n

your successes with codere<\/a> 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 <\/strong>the company in Mexico<\/strong> – Help the company weather the pandemic and sign a merger\/SPAC agreement that made the online division hit the mark NASDAQ exchange<\/a> in the USA.<\/p>\n

Gonzalo de Osma Bucero will share<\/strong> your time <\/strong>between the legal and compliance teams in Malta and Bucharest, Romania, where the finance team is based at corporate headquarters.<\/p>\n

Coming back to EveryMatrix’s achievements and milestones in Q1 2023, we find the following press release from the company<\/strong>:<\/p>\n