EveryMatrix Enjoys Strong Q2 Revenues with a 41% Rise to €30.1M
EveryMatrix, the iGaming technology provider, enjoyed a good second quarter this year with revenue of €30.1 million, which is a rise of 41% for the same period in 2021.
This saw EveryMatrix achieve a profit of €14.9 million in Q2 of 2022, up from €12.7 million for the second quarter of 2021, which is a 17% year-on-year rise. Furthermore, the EBITDA at €5.2 million remained at the same level as last year that the company has stated is due to investment.
The other highlights for EveryMatrix in the second quarter of the year were the 40-plus new clients the company has signed to use its services. This number included agreements with 4 Tier1 clients.
Driven by our diverse product offering and strong client base, we saw yet another record number of new client wins in the quarter with 43 deals signed across all products. Furthermore, a 17% increase in Gross Profit, the best reflection of the underlying performance of the Group, allows us to continue to invest in our future growth.
The SlotMatrix brand of the company also contributed to the overall success of EveryMatrix for the year. During Q2 this year there were more than 50 brands that started to use its SlotMatrix products.
During Q2 of this year, EveryMatrix acquired Leapbit with a view to enhancing its OddsMatrix solution.
Speaking about the Q2 acquisition of Leapbit Ebbe Groes commented. “OddsMatrix is one of the company’s three pillars and is growing at a tremendous rate already. Retail is a big component of any comprehensive sports betting suite, and by integrating Leapbit’s technology, we will take OddsMatrix to become a leader of true omnichannel sports in regulated markets.”