EveryMatrix overcomes Germany hurdles to hit €65m profits
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Strategic M&A dividends add value to EveryMatrix record year

EveryMatrix has scored high across all performance markers in 2024, closing year trading with annual net revenue at an all-time high. 

The technology group’s 2024 accounts scored a seventh consecutive profit margin above 50%, with EBITDA standing at  €101m (up 70% YoY), and net revenue for the year climbing by 59% to €181m – with performance peaking across all product verticals. 

Record results were boosted by the two high-profile, all-cash M&A transactions of FSB Technology and Fantasma Games, with both teams and their products efficiently integrating into EveryMatrix’s Group revenues. 

On its own, FSB Technology contributed around 14% of additional Gross Gaming Revenue (GGR) to the EveryMatrix sportsbook business unit in addition to a successful customer migration. 

What’s more, the acquisition significantly benefited key EveryMatrix verticals such as OddsMatrix, where the trading and quants team was doubled to provide enhanced personalisation within managed odds and risk services. Additional revenue opportunities across Africa were also unlocked as a result. 

On the igaming front, the acquisition of Fantasma Games with its 45 titles available across more than 50 countries propelled EveryMatrix’s in-house portfolio to over 120 games, adding market value to the group’s SlotMatrix product. 

Standout Q4

The strong full-year results were topped up by a record fourth quarter, with net revenue up 51% YoY to €55m across all products, and Q4 EBITDA at €30m – up 49% YoY.

Casino operator partners of EveryMatrix delivered a 13th consecutive all-time high quarterly performance, generating €782m (33% YoY increase). Casino GGR for the full year stood at €2.8bn – up 48% YoY – with over 73 billion processed game rounds. 

Casino net revenue marked a 52% YoY increase to reach €27.1m, while EBITDA reflected 46% YoY gains to stand at €16.7m. In addition, the SlotMatrix aggregation product integrated 33 new vendors in Q4. 

Sportsbook turnover in the final quarter reached €1.9bn – boosting full-year accounts to €5.9bn and a 50% YoY increase. Quarterly net revenue went up 92% YoY to €17.5m. EBITDA reached €11.4m – a 133% YoY increase.

Furthermore, Q4 GGR was up 115%, standing at a record €160m. Sportsbook GGR for the 12 months prior climbed to €448m (up 135% YoY).

SBC News Strategic M&A dividends add value to EveryMatrix record year
Ebbe Groes/Credit – EveryMatrix

Ebbe Groes, Group CEO of EveryMatrix, said: “The timing of our results at ICE couldn’t be better while the industry gathers at the biggest event of the year.

“I’m proud of all our achievements in 2024 but particularly in sports where OddsMatrix has undergone an incredible period of growth, increasing betting volumes by a factor of 14 in just five years.

“The system’s ability to handle this mega growth for bet placement, bet settlement and risk management, while simultaneously adding many features, is proof of just how solid its architecture is. In this quarter alone we launched a completely rewritten Risk Management module, infinitely scalable and with many new features. Several clients have already migrated to it.

“The momentum we’ve set in the last few years shows no signs of slowing down. Most of all, this is a result of our clients growing with us and my heartfelt thanks go to our customers and our staff. Your loyalty and efforts jointly did this. We will keep pushing to improve all products to help our clients’ continued growth!”

 

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