EveryMatrix Shatters Q1 Records with Staggering Growth
Strong first-quarter profits reported by EveryMatrix.
It's clear that EveryMatrix is kicking some serious butt in 2025, with an impressive Q1 showing that's setting the stage for a powerful year. Here's the lowdown on their mind-blowing performance:
- Revenue Roar: The tech titan reported a whopping net revenue of €54 million, smashing last year's figures by a jaw-dropping 39%. Total revenue for the first quarter? A cool €101 million, up 27% year-on-year[1][2][3].
- EBITDA Up, Up, and Away: EBITDA took off, soaring 27% to €28 million, maintaining a 52% margin, albeit slightly down from the previous year's 57% margin due to investments in casino content[1][2][3].
- Casino Triumph: The casino division truly made its mark, netting an astounding 44% year-on-year increase in revenue, bringing in €28.6 million. In the EBITDA department, the segment saw a 29% rise to €16.8 million. Operator partners reaped an impressive €753 million in Gross Gaming Revenue (GGR), climbing a robust 22% YoY[1][2].
- Sports Surge: The sports division, spearheaded by OddsMatrix, celebrated a 30% year-on-year increase in quarterly turnover, reaching €1.7 billion. GGR swelled by a staggering 60% to €154 million. The division powered through a record 600,000 live events, demonstrating its impressive expansion capabilities[2][3].
The Road Ahead
EveryMatrix is firing on all cylinders as they gear up for future conquests:
- Migration Mania: The company aims to migrate all clients to their platform by the end of 2025, following the successful Bet600 migration. This move is expected to bring about substantial cost synergies[3].
- Innovative Launches: The new Horse Racing solution, a seductive blend of FSB's experience and OddsMatrix's ingenuity, was rolled out this quarter. This cutting-edge solution delivers extensive global coverage with advanced features and seamless live streaming integrations[3].
- Strategic Partnerships: SkyCity Entertainment Group signed on for a full casino turnkey platform deal, expected to close later in the year[2].
CEO Ebbe Groes is buzzing with optimism about the year ahead, attributing the company's success to its strong product offerings and momentum[1][3]. Stay tuned for more from this forward-thinking powerhouse!
[1] EveryMatrix Q1 2025 Results[2] SkyCity Entertainment Group and EveryMatrix Alliance Announced[3] EveryMatrix Migrates Bet600 from FSB to EveryMatrix Platform
In Q1 2025, EveryMatrix's sportsbook demonstrated a significant surge, reporting a 30% year-on-year increase in quarterly turnover and a staggering 60% rise in Gross Gaming Revenue (GGR). This remarkable performance was complemented by strategic partnerships in the finance sector, such as the signed full casino turnkey platform deal with SkyCity Entertainment Group. The company's ambitious plans for the future include fully migrating all clients to their platform by the end of 2025, further strengthening their position in both the sports and business sectors, as well as technology and finance.
