EveryMatrix Q1 2024 Revenue Soars Breaking Quarterly Records

EveryMatrix, the iGaming technology provider, has announced its first quarter results has seen revenue for the period soar to €39 million, which equates to significant growth of 66% in a year-on-year comparison, and is the highest revenue for any quarter in the company’s history.

EveryMatrix enjoys record Q1 performance.

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These impressive results for one of the industry’s fastest-growing iGaming providers are translated into other key performance indicators in the quarter results. The business achieved a record profit margin record of 57% for Q1 this year which is the company's fourth straight quarter of profit margin over 50%. The statement also showed the EBITDA rose to €22.3m, up 111% when compared the the same period for the previous year.

Senior management at EveryMatrix said the results pointed to a strong performance from all four divisions in the business and there are healthy forecasts for the company for the remainder of the year and into 2025.

It’s been more than a year of the company breaking records and hitting new highs, and this quarter has been the best yet. It’s mind-blowing how far we’ve come and how much progress continues to be made across the entire business. From casino, sports, and platforms that are all showing extremely positive signs of sustained growth and expansion, to our affiliate, payments, and live casino divisions that are pushing the boundaries of technology and paving the way for future success, we’re in a fantastic position for the remainder of 2024 and beyond.

Ebbe GroesGroup CEO of EveryMatrix

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Breakdown of First Quarter Results

EveryMatrix has gained regulatory accreditation in Peru during the first quarter of the year, as the company follows a successful strategy of expanding its footprint in different regions globally.

The SlotMatrix portfolio has been increased in the first period of 2024 with the addition of more than 800 new titles, and the SlotMatrix aggregation platform now has a total offering of over 27,825 games. Some of the partners who have launched game content with the business include Entain (BetMGM), and Golden Nugget Online Gaming.

Additionally, Armadillo Studios has enjoyed a successful first quarter and launched several games including Alice’s Mad Fortune, Shamrock Surprise, Gummy Galaxy, and Paws & Claws.

The group has integrated seven new casino vendors and this brings the total number of casino vendors to 158. As well as signing 15 and 14 new clients on its PartnerMatrix and DeepCI platforms respectively.


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