EveryMatrix Posts Strong Q3 with Revenue Up 56% to €33.5M
In a financial update, EveryMatrix has reported a strong performance for Q3 in 2022, with revenue for the period up to €33.5 million, a healthy rise of 56% from the €21.5 million figure posted in the same quarter last year.
The rise in revenue for the last quarter has also seen EveryMatrix show a Gross Profit of €16.8 million, which is up 35% year on year. The EBITDA was also up by 45% to €6.4 million when compared to Q3 for 2021.
The group saw good results across all parts of the business, and this was reflected in the report by the client spend from traffic during the quarter top the figure of more than €100m GGR in September.
During Q3 BetMGM became the first client to launch the SlotMatrix product from EveryMatrix. The SlotMatrix, is the casino content aggregation product from EveryMatirx that gives gaming operators an easy way to integrate over 175 gaming studios into their service.
EveryMatrix has also celebrated the signing of deals with 2 Tier 1 operators, bet-at-home and Veikkaus, in Q3 this year.
Related: EveryMatrix wins rights to supply content to Veikkaus
Sharing in the good results for Q3 this year, saw the Sports platform in the group sign 11 new clients to use its services, plus 18 affiliates for its platform.
Other highlights from the Q3 financial update saw EveryMatrix launch its first Crypto project. Plus the group gained access to the province of Ontario, Canada.
Related: EveryMatrix receives a license to enter Ontario
I am pleased to see a fantastic third quarter, with global sales performance and very good financial results. Even more important, we won two new Tier-1 clients in the quarter, Veikkaus in Finland and bet-at-home in Germany and international markets. EveryMatrix launched with BetMGM in the U.S. and Morroco’s state-owned lottery MDJS. The Group’s record Gross Profit across all business segments clearly underlines our strong market position.