SBC News Voice of the Sports Betting Industry
EveryMatrix continues its record-breaking streak announcing its seven consecutive quarters of growth on key commercial metrics.
The igaming technology and platform supplier published its Q2 2023 results, generating net revenues €27m, up 82% year-on-year and 15% quarter-on-quarter comparatives.
Operating on its ‘highest ever profit margin’ of 55%, EveryMatrix declared Q2 EBITDA of €15m up 15% on 2022 results and 42% up on Q1 trading. Management underscored “firm costs control applications” implemented to boost margin effectiveness.
Recognised as the ‘primary growth driver’, the technology group’s casino unit generated gaming revenues of €432m (+86%) recorded across its B2B partnerships.
Underlining the casino B2B growth, the CasinoEngine platform generated a “monthly turnover of €4bn and surpassed four billion monthly game rounds” for the first time during Q2 trading.
Overall casino net revenues stood at a record Q2 result of €12.6m for the quarter, 83% higher than the same period last year.
Elsewhere, the group recorded continued growth for its sports platform business, which generated a GGR of €57m and an net revenue result of €2.4m (+79%).
The momentum of B2B growth was underscored by EveryMatrix declaring “Platform business unit saw a Net Revenue rise of 85% YoY with clients reaching more than 90,000 bets per minute during peak time while simultaneously migrating several major customers to its completely rewritten and ultra scalable wallet service.”
Moving into H2, EveryMatrix has finalised its acquisition of DeepCI, a data-centric service for optimising sports betting campaigns and affiliate partner performances.
DeepCI’s technology evaluates global affiliate sites, providing insights on brand visibility, and already services the tier1 operators of bet365 and Betway. Post-acquisition, the DeepCI team, led by CEO Lewis Civin, seamlessly integrated into EveryMatrix as a distinct unit.
Ebbe Groes, Group CEO of EveryMatrix, said: “This business, and our team of more than 750 people across 12 countries, continue to amaze me every day generating consistent, record growth and profitability for our customers who continue to benefit from the industry’s best casino, sports, and platform products.
“Our mission this year centres around our relentless drive to deliver the highest quality technology and services for our customers, and a seventh record quarter in a row proves we are firmly on course to achieving our goals.
“Our acquisition of DeepCI shows we are constantly looking to add complementary and innovative technology to our existing offering. Alongside our PartnerMatrix business unit this game-changing technology will create even more value for our clients and I’m excited with what more we can achieve in the quarters to come.
