EveryMatrix has kicked off the year with another excellent quarter, as the company continued to capitalize on its innovative products and existing partners, and newly forged alliances. The iGaming tech platform supplier hit €54m in net revenue over the quarter, marking a 39% increase on an annual basis, Casino Guru News learned in an email press release.
EveryMatrix reports on the latest strong core results
The firm’s EBITDA was also on an upward trajectory, hitting €28m or a 27% year-over-year increase, driven by a combination of factors. EveryMatrix has been enjoying steady growth, allowing it to capitalize on its FSB Technologies all-cash acquisition, an oddsmaker, and has already leveraged its technology through a migration of for Bet600 in the United Kingdom.
EveryMatrix similarly launched its Horse Racing solution, tapping into FSB Technologies' established track record and expertise in the vertical.
Similarly, EveryMatrix pursued growth by landing deals with SkyCity Entertainment Group in New Zealand and also launching the OddsMatrix feeds with LeoVegas Group to help the latter boost its global sportsbook offering.
The company also launched its first three dedicated blackjack tables, but more are being set up for the PlayMatrix live dealer product, as the company continues to push aggressively across all verticals it is currently operating. Ebbe Groes, Group CEO of EveryMatrix, had this to say, commenting on the results
"I’m very excited for 2025. Q1 was a solid quarter, a great start, and the rest of the year looks just as promising. We had a phenomenal year in 2024, which will be hard to beat, but thanks to the momentum we’ve set in motion during the last few years, I’m sure we’ll be able to do it."
Another win for the company was its deal with Norsk Tipping’s Casino and eInstant RFP, allowing the SlotMatrix product portfolio to be fully integrated with the new partner’s products. The deal represented the largest SlotMatrix agreement signed by the company to date.
Multiple opportunities await as EveryMatrix’s divisions perform strongly
SlotMatrix achieved even more successes of late, with the solution launching with Caesars Entertainment across five states in the United States, at a time when iGaming is set to play an ever-increasing role in the region’s gaming operations. The deal was sealed after the quarter, but was still featured in the report.
The company’s sports division surged in the first quarter, with sports turnover rising by 30% to €1.7bn while gross gaming revenue increased by 60%, to €154m. All told, EveryMatrix has posted its latest quarter of sustained growth with no end in sight.
