EveryMatrix Turbocharges 2025, Rocking its First Quarter with a Boom in Revenue and Profitability!
Strong initial quarter profits reported by EveryMatrix
It's a new year, and EveryMatrix, a heavyweight iGaming tech provider, is off to a storming start! Their remarkable Q1 performance showcases a staggering 39% YoY increase in net revenue, hitting €54 million, and a robust 27% YoY surge in EBITDA, soaring to €28 million.
Strong growth from existing clients, coupled with innovative product launches, has fueled this impressive financial ascent. The EBITDA margin, now at 52%, has remained above 50% for the eighth consecutive quarter, demonstrating the company's financial discipline as it scales its platform and casino content technologies. Over the last twelve months, EBITDA has rocketed up by 50% YoY, breaking through the €100 million barrier in annual earnings.
Heroic Q1 Milestones Shaping a Legendary Year!
The first quarter was a blockbuster, marked by the successful migration of Bet600, the first full turnkey FSB Technologies client in the UK, to the EveryMatrix platform. The goal remains to have all clients fully migrated in 2025, unlocking massive cost synergies from this strategic acquisition.
EveryMatrix unveiled its trailblazing proprietary Horse Racing solution by combining FSB's horse racing expertise with the creative power of OddsMatrix. The platform offers global horse racing coverage, with over 10,000 monthly events, a full system bets offering, and generous bonusing capabilities. It boasts a purpose-built Horse Racing front end, enriched with impressive racecard content and live streaming integrations.
A landmark deal was inked to provide a full casino turnkey platform solution to SkyCity Entertainment Group, one of New Zealand's largest entertainment conglomerates. SkyCity is the proud owner of five land-based casinos across NZ and Australia and the online casino brand SkyCitycasino.com. They will migrate from their current provider to EveryMatrix later this year.
Sports Sector Soars, Casinos and Platforms Thrive!
The sports division had an extraordinary Q1, with sports turnover climbing 30% YoY to an impressive €1.7 billion and GGR skyrocketing by 60% YoY to €154 million. This growth was supported by continued strong trading margins. The last twelve months' turnover hit €6.3 billion, signifying a 48% YoY increase, and GGR jumped by 92% YoY to €505 million. A record-breaking near-600,000 live events were reached, reflecting a 24% YoY increase.
The casino segment also shined, registering the strongest quarterly financial results ever. Net revenue climbed to €28.6 million, a 44% YoY increase, while EBITDA reached €16.8 million, a 29% YoY increase. Casino GGR totaled €753 million, a 22% YoY increase, with the LTM reaching €2.9 billion, a 38% YoY increase.
GamMatrix, the company's Gaming and Player Account Management Platform, registered a net revenue boost of €8.6 million, representing a 18% YoY increase, while EBITDA stood at €2.4 million, a 23% decrease YoY. The dip in EBITDA margin is linked to a change in internal revenue allocation.**
Ebbe Groes, EveryMatrix’s Group CEO, commented, “I’m psyched for 2025. Q1 was an excellent, promising quarter, and the rest of the year looks equally electrifying. We had an incredible year in 2024, which was difficult to surpass, but with the momentum we’ve instigated in the last few years, I’m confident we’ll smash our own records!”
Q1 2025 Headlines:
- €54 million in net revenue, a 39% YoY increase, with EBITDA at €28 million, marking a 27% YoY increase.
- EBITDA margin achieved 52%. Last twelve months’ EBITDA totaled €107 million, a staggering 50% YoY rise.
- Bet600 was migrated from the FSB to EveryMatrix platform.
- OddsMatrix's brand-new Horse Racing product was unveiled with this launch.
- New Zealand’s SkyCity Entertainment Group was signed to provide a full casino turnkey platform solution.
- The first three dedicated blackjack tables went live, giving another boost to the PlayMatrix live dealer product.
- OddsMatrix feeds were deployed for LeoVegas Group, enhancing their global sportsbook offering.
- EveryMatrix won Norsk Tipping’s Casino and eInstant RFP, the most lucrative SlotMatrix deal in history, supplying aggregation, in-house, and bespoke content.
- SlotMatrix casino content was launched with Caesars Entertainment across five U.S. states, expanding EveryMatrix’s U.S. presence (post-quarter).
- New Odds Models for Football and Handball were introduced, as well as enhanced retail Self Service Betting Terminals (SSBTs).
- Real-time Rakeback was launched through LoyalityEngine, the company's cross-vertical loyalty program.
- 14 new casino vendors were integrated, bringing the total to 185+ and 345+ content providers.
- 20 fresh PartnerMatrix clients were signed.
- EveryMatrix's Q1 financial performance in 2025 displayed remarkable growth, with a net revenue of €54 million, a 39% year-over-year (YoY) increase, and an EBITDA of €28 million, marking a 27% YoY surge.
- The EBITDA margin for EveryMatrix in the last twelve months reached an impressive 52%, a significant milestone as it surpassed the €100 million barrier in annual earnings.
- Moreover, Bet600, a UK-based client of FSB Technologies, was successfully migrated to EveryMatrix's platform during Q1, making strides towards the goal of having all clients fully migrated by 2025.
- In a strategic move, EveryMatrix unveiled a trailblazing Horse Racing platform in Q1, incorporating FSB's horse racing expertise with OddsMatrix's creative power, offering extensive global coverage and live streaming integrations.
