EveryMatrix Off to a Strong Start in 2025 with Q1 Growth

EveryMatrix started 2025 with a powerful performance, laying the foundation for what appears to be another exceptional year. The iGaming technology supplier posted notable gains in revenue and profitability across multiple segments, underpinned by expanding client activity and continued innovation in its product portfolio.

Robust Financial Start to 2025

The company reported net revenue of €54 million in the first quarter, reflecting a 39% increase compared to the same period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached €28 million, marking a 27% year-on-year increase. This solid financial performance has pushed EveryMatrix’s EBITDA margin to 52% for the quarter, continuing its streak of eight consecutive quarters above the 50% threshold.

These gains contribute to the company’s trailing twelve-month EBITDA, which hit €107 million—an impressive 50% rise from the previous year. Executives attribute this sustained margin to the company’s disciplined financial strategies and successful expansion of both platform capabilities and casino content offerings.

Strategic Moves and Market Expansion

Among the key developments this quarter was the integration of Bet600—EveryMatrix’s first full turnkey client acquisition from FSB Technologies in the UK. This strategic move marks a major step in migrating acquired assets onto the EveryMatrix platform, a process expected to complete across all clients within the year, optimizing operational costs.

Another significant milestone was the introduction of a proprietary Horse Racing product, crafted by blending FSB’s horse racing expertise with the development strength of OddsMatrix. The feature-rich platform s over 10,000 events per month and includes enhanced betting systems, configurable bonuses, a dedicated race interface, and integrated live streaming.

EveryMatrix also entered a landmark agreement with SkyCity Entertainment Group, one of New Zealand’s premier gaming operators. Under this deal, EveryMatrix will become SkyCity’s new technology provider, delivering a comprehensive casino platform as the operator transitions away from its current supplier later in 2025.

Sports Betting Drives Growth While Casino Achieves Record Quarter

The sports division recorded outstanding growth in Q1, with turnover hitting €1.7 billion—up 30% year-over-year—and gross gaming revenue (GGR) surging by 60% to €154 million. Over the last twelve months, sports turnover rose by 48% to €6.3 billion, with GGR climbing 92% to €505 million. One key contributor to this growth was the dramatic expansion in live betting coverage, which approached 600,000 events—a 24% jump compared to the prior year.

In parallel, EveryMatrix’s casino vertical delivered its best quarter ever, generating €28.6 million in net revenue, a 44% year-over-year increase. Casino EBITDA rose by 29% to €16.8 million, and casino GGR reached €753 million. The trailing twelve months also showed strong growth, with GGR climbing 38% to €2.9 billion.

Meanwhile, GamMatrix—EveryMatrix’s player management platform—posted €8.6 million in net revenue, reflecting an 18% year-on-year rise. However, EBITDA dropped 23% to €2.4 million, a shift attributed to changes in internal revenue distribution.

Continued Product Expansion and Partnerships

The first quarter was also marked by a series of noteworthy product and client developments. Three dedicated blackjack tables launched as part of the PlayMatrix live dealer product. Additionally, OddsMatrix feeds went live with LeoVegas Group, bolstering the group’s global sportsbook capabilities.

EveryMatrix also secured a major win with Norsk Tipping, landing its largest SlotMatrix aggregation deal to date, encoming in-house and custom content delivery. SlotMatrix content also debuted with Caesars Entertainment in five U.S. states, significantly enhancing the company’s U.S. footprint.

Further enhancements included the rollout of updated odds models for both football and handball, improvements to Self Service Betting Terminals (SSBTs), and the introduction of a real-time Rakeback system through the new cross-vertical LoyaltyEngine.

To round out its Q1 achievements, EveryMatrix expanded its vendor network by integrating 14 new casino providers, bringing the total to over 185, with more than 345 content partners. The company also onboarded 20 new clients to its PartnerMatrix management platform.

Leadership Optimistic for the Road Ahead

Group CEO Ebbe Groes expressed optimism about the company’s trajectory for the rest of the year. “Q1 was a solid quarter, a great start, and the rest of the year looks just as promising. We had a phenomenal year in 2024, which will be hard to beat, but thanks to the momentum we’ve set in motion during the last few years, I’m sure we’ll be able to do it,” Groes said.

He also praised the sports division’s performance: “Our sports division never ceases to amaze me, breaking record after record. This quarter, we managed to reach 600,000 live events, all thanks to our ability to expand our coverage and add new products and features even while experiencing this much continuous growth.”

With a record-setting first quarter and multiple growth vectors in motion, EveryMatrix appears well-positioned to continue its upward momentum throughout 2025.

Source:

EveryMatrix set for another standout year with strong Q1 performance, realmoneyaction.betsandodds.net, May 1, 2025