EveryMatrix has released its first quarter results for 2024. It displays €39 million or $42 million in net revenue earned over the period.
The supplier’s previous quarterly record for profitability has been broken by the latest financial results. With adjusted EBITDA up by 111% year-on-year at €22.3 million, net revenue grew by 66% when compared to the first quarter of 2023.
The performance of EveryMatrix for operator partners in the casino segment also experienced growth in the initial quarter of 2024. It generates €619 million. This marks a 65% increase from the first quarter of 2023. Moreover, its net revenue for casino operations rose to €19.9 million, up 83% year-on-year.
The company’s OddsMatrix sports division also saw its net revenue increase by a healthy 78% year-on-year to €10.5 million. This is with adjusted EBITDA up 313% to €6.2 million. Furthermore, its Gaming Management Platform generated quarterly net revenue of €7.3 million in the first three months of the year.
Ebbe Groes, CEO of EveryMatrix Group said that it’s been more than a year of the company breaking records and hitting new highs, and this quarter has been the best yet.
He added that from casino, sports and platform that are all showing extremely positive signs of sustained growth and expansion, to their affiliate, payments and live casino divisions that are pushing the boundaries of technology and paving the way for future success, they’re in a fantastic position for the remainder of 2024 and beyond.
EveryMatrix announced its new headquarters in Bucharest over the course of the first quarter.