EveryMatrix “underlined its credentials as the igaming sector’s fastest growing technology firm” following record results in the second quarter of 2024.
The company reported a record net revenue of €42.4m in Q2, up 57% year-on-year, and an all-time high profit margin of 59%. Following growth across all its technology units, Q2 EBITDA stood at €25.1m, up from €22.3m in Q1 and up 67% YoY.
According to EveryMatrix, Q2 2024 marks the fifth consecutive quarter where both growth and profit margin have exceeded 50%.
To celebrate the results, EveryMatrix released a video on LinkedIn highlighting some of its Q2 highlights.
These included a 48% YoY increase in turnover to €1.2bn and a 67% YoY increase in gross gaming revenue (GGR) to €95m on its OddsMatrix sportsbook segment. Similarly, clients on its CasinoEngine GGR reached €658m, up 53% YoY.
On the results, Ebbe Groes, Group CEO of EveryMatrix, said: “It’s difficult to know what to say when our results just keep getting better and better!
“What is evident is that it’s been our best ever period of sustained growth and that the EveryMatrix effect is benefiting not just the business, but also crucially our customers, ensuring they continue to break their own record month after month.”
EveryMatrix announced in Q2 that it had acquired FSB Technology, further strengthening OddsMatrix through the integration of FSB’s turnkey systems and existing clients in the UK, Ireland and Africa.
During Q2, it also rebranded DeepCI to Partnermatrix Intelligence to “create an all-in-one affiliate management and data tracking powerhouse” under PartnerMatrix.
“The acquisition of FSB Technology and the strengthening of PartnerMatrix with PartnerMatrix Intelligence to create the most powerful affiliate platform proposition available are just two great examples of how we’re continuing to build on our success and grow our customers even more. We have enormous momentum, and I can’t wait to see what happens next,” added Groes.
EveryMatrix reported that its Affiliate Platform Segment, including PartnerMatrix and PatrnerMatrix Intelligence, saw net revenue reach €1.4m during Q2, up 66% YoY. Despite a €0.15m decrease in EBITDA due to ongoing product and commercial investment, the division signed 26 new customers.
