EveryMatrix bolsters core units to solidify Fastest-Growing Tech status

Period trading saw EveryMatrix incorporate the strategic acquisition of FSB Technology, delivering a 15% boost in Gross Gaming Revenue (GGR) from wagering volume for its sportsbook platform. Whilst Casino enhancements included the integration of Fantasma Games, a platform distributing popular titles across 250+ operators in over 50 countries, which bolsters EveryMatrix’s iGaming presence in North America.

A breakdown of core units shows that CasinoEngine achieved its twelfth consecutive record-breaking quarterly performance, with GGR reaching €709m, a 53% year-on-year increase. Over the past 12 months, GGR totalled €2.6bn, marking 63% growth compared to the previous year.

Underlying casino results saw  net revenues increase to €23.8m, up 78% year-on-year, while EBITDA reached €14.9m, reflecting a 95% year-on-year increase. Boosting performance, the SlotMatrix aggregation solution introduced a total of 970 unique game titles and integrated 10 new vendors, bringing the total to more than 170, which is significantly higher than any other aggregator worldwide.

A revitalised OddsMatrix (sportsbook unit) saw its quarterly turnover increase by 87% year-on-year, reaching €1.5bn, with a 12-month total of €5.3bn, reflecting a 60% annual growth. GGR over the past 12 months surged by 158% year-on-year to €361.9m. Quarterly net revenue rose to €11.7m, an 85% increase, while EBITDA reached €6m, reflecting 117% year-on-year growth.

Optimal trading of Platform (technology services) saw Q3 net revenue increase by 30% year-on-year to €8.1m, with EBITDA reaching €2.8m. GamMatrix, EveryMatrix’s Player Account Management (PAM) system, processed 400,000 bets per minute during peak hours—an 18% quarter-on-quarter increase—and expanded operations by going live in Peru. Additionally, the number of successful payment transactions in Q3 soared to €4.4bn, marking a 91% year-on-year rise.

The newly established PartnerMatrix and PartnerMatrix Intelligence unit for affiliate marketing launched a new website, integrating affiliate software and intelligence products into a single offering. This unit reached 82 active clients, marking an 11% quarter-on-quarter increase, and achieved net revenue of €1.4m in Q3 2024, a 13% year-on-year growth. EBITDA declined by €0.25m due to ongoing investments in product development and commercial expansion.

Ebbe Groes, Group CEO of EveryMatrix, said: “The last few months have been some of the busiest since we founded the company 16 years ago; we continue to drive record GGR for our customers, launch more tier-1 operators, and make two significant acquisitions that have instantly added value to the wider Group and will futureproof both our sports and games divisions.”

At the close of 2024 trading, Groes and EveryMatrix celebrate new client wins, including the signing of tier-1 operator Mbet in Africa and the launch of Pinnacle with EveryMatrix technology. Clients will benefit from new, innovative offerings, such as LoyaltyEngine to boost player engagement, and the launch of the “Academy for Heroes” to support Ukrainian veterans in building IT careers.

Groes added, “As a result of these deals, we expect to see even more growth and profitability as we migrate more FSB customers to our technologies and our Games division accelerates production and distribution to become a significant global studio.

“We are the clear frontrunner as the fastest growing iGaming supplier.”

Corporate highlights saw Kevin Furlong’s promoted to Group Chief Product Officer (CPO),  alongside the expansion of new offices in Stockholm and Sofia, as the company’s presence now totals 15 locations worldwide helping EveryMatrix support a 31% increase in global headcount.