Exceptional Performance in Q1: EveryMatrix Poised for Another Impressive Year

Exceptional Performance in Q1: EveryMatrix Poised for Another Impressive Year

😊 Alright, buckle up as I spill the tea on EveryMatrix's roaring start to 2025! This badass iGaming technology platform provider has set the stage for a powerhouse year with a fantastic Q1 performance. You guessed it—revenue and profitability soared like never before.

The first quarter knocked it out of the park, generating a whopping €54 million in net revenue, an impressive 39% Year-on-Year (YoY) surge! EBITDA rose even higher, touching €28m, marking a 27% YoY increase, thanks to strong growth from existing clients and innovative product launches. The cherry on top? This marks the eighth straight quarter with an EBITDA margin over 50%!

Last year, EveryMatrix made headlines for surpassing the €100 million EBITDA mark annually, and this year is shaping up to be another record-breaker. Over the last 12 months, EBITDA shot up by 50% YoY, hitting a mammoth €107m.

And the party doesn't stop there! EveryMatrix went back to its roots with a new London office, appointed some top-tier talents, and inked significant deals. Bet600's migration from FSB to EveryMatrix's platform was a major milestone, marking the first full turnkey migration for the company. The success of this transition demonstrates EveryMatrix's commitment to offering unparalleled service to its clients.

EveryMatrix also went big with the launch of its cutting-edge Horse Racing solution, combining FSB's sports expertise with OddsMatrix's development genius. This beast offers global horse racing coverage, countless monthly events, flexibile bet offerings, bonusing capabilities, and a sleek front-end design for an unmatched user experience.

A landmark deal saw EveryMatrix partnering with New Zealand's SkyCity Entertainment Group to deliver a full casino turnkey platform solution. SkyCity is no small fish, owning five land-based casinos across NZ and Australia and the popular online casino brand SkyCitycasino.com. The migration from their current provider to EveryMatrix is scheduled for later this year.

Sports went off like a rocket in Q1 2025, as the division delivered unprecedented growth. Quarterly sports turnover skyrocketed 30% YoY to an enormous €1.7b, while GGR climbed 60% YoY to an equally impressive €154m. The last twelve months (LTM) turnover reached a jaw-dropping €6.3b, reflecting a 48% YoY increase, with GGR leaping by 92% YoY to €505m.

Casino crushed it, too, with net revenue soaring to €28.6m, a 44% YoY increase, while EBITDA reached €16.8m, a 29% YoY boost. Casino GGR spiked to €753m, a 22% YoY increase, with the LTM hitting €2.9b, a 38% YoY increase.

Now, hold onto your horses! GamMatrix, EveryMatrix's gaming management platform, had a respectable quarter. Although net revenue was up by only 18% YoY, it still amounted to €8.6m. EBITDA experienced a 23% decrease YoY, coming in at €2.4m, due to changes in internal revenue allocation.

With numbers like these, it's no wonder Ebbe Groes, EveryMatrix's CEO, is excited about 2025. In his words, "2024 was a stellar year, but 2025 looks set to top it." Keep your eyes peeled for more achievements and innovations from this fearless force in the iGaming world!

[1] Enrichment Data: EveryMatrix Q1 2025 Performance[2] Enrichment Data: EveryMatrix Q1 2025 Milestones[3] Enrichment Data: EveryMatrix Sports Performance in Q1 2025[4] Enrichment Data: EveryMatrix Casino Performance in Q1 2025

1. EveryMatrix's incredible 2025 start, marked by an impressive Q1 performance, includes a significant increase in revenue and profitability from sports betting and casino businesses, driven by Strong technology and innovative product launches.
2. The company's technology platform, known as OddsMatrix, played a crucial role in the launch of a cutting-edge Horse Racing solution, aiming to offer unmatched user experience, global horse racing coverage, and flexible betting options.
3. EveryMatrix's partnership with New Zealand's SkyCity Entertainment Group demonstrates a strategic investment in the land-based and online casino sector, as they plan to deliver a full casino turnkey platform solution, moving from their current provider later this year.
4. The finance department reveals that EBITDA reached €107m over the past 12 months, marking a 50% YoY increase, while the company's business model continues to show strong profitability, with the EBITDA margin exceeding 50% for eight consecutive quarters.
5. Looking forward to 2025, EveryMatrix's CEO, Ebbe Groes, shares excitement about the prospects of the coming year, stating that "2025 looks set to top 2024."
6. As technology continues to migrate and mainstream businesses like lottery and casino invest in cutting-edge platforms, EveryMatrix's roster of clients is poised to expand, proving itself as a powerful force in the iGaming world.

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