EveryMatrix Achieves Record-Breaking Financial Results in 2023
LISTEN TO THIS ARTICLE:EveryMatrix, the iGaming technology provider, has announced it has achieved record-breaking revenue figures for the company’s combined full-year and Q4 results in 2023.
The provider enjoyed a record annual net revenue of €114m across all products, which is up from €65m for 2022, a 75% increase in a year-on-year comparison. It is also four times higher than the €28m annual net revenue figures achieved by the company in 2019.
These results translated into new hirings for the company and additional growth in other key trading indicators, including Annual EBITDA soaring to €60 million, which shows a 155% rise from 2022. An underlying strong showing in sports trading margins and casino growth played a factor in these results.
2022 was phenomenal, but this year’s numbers are mind-blowing. Every business unit and every one of our employees has contributed to a stellar set of financials, proving we really are among, if not the industry’s fastest-growing iGaming technology supplier. Our growth acceleration from 2019 to today is staggering, while crucially, we continue to deliver huge returns for our customers.
Financial Highlight in 2023
Senior leadership at the provider stated they believe its technology excellence has helped it become one of the fastest-growing iGaming suppliers in the industry. In 2023, the company’s OddsMatrix platform has become one of the industry’s leading sportsbook providers.
Related: OddsMatrix Achieves Record Profitability Up 90% Last Year
EveryMatrix continued with its expansion into the regulated gaming markets in the US and included its latest launch in the state of Pennsylvania. Other highlights last year included two large turnkey project launches, the Hungarian state lottery, and powering the bet-at-home brand in Germany.
Strong Fourth Quarter Results
A breakdown of the results for EveryMatrix last year showed that the company saw a continued surge in revenue figures in the fourth quarter of the year, with Q4 setting new revenue earnings for the provider. The profitability included a 56% quarterly profit margin for Q4 2023, and this sustained success was its third consecutive quarter above 50%.
EveryMatrix highlighted that its record results in Q4 last year saw growth in all segments of the business. Net revenue was up by 87% for the quarter at €36m, when compared to the same quarter in 2022.
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