EveryMatrix reports seventh consecutive record-breaking quarter
EveryMatrix, one of the leading companies in the realm of B2B iGaming technology, has once again emerged as a standout player by consistently exceeding quarterly performance expectations. The Maltese B2B iGaming software provider recently reported an impressive profit margin of around 55 per cent for the seventh quarter in a row for the April through June period, solidifying its position as one of the world’s most profitable suppliers in the industry.
The company’s net revenue across its casino, sports, and platform divisions surpassed the mark of €27 million (approx. $29 million), with an EBITDA of €15 million (approx. 16.10 million). These figures represent year-over-year growth of 82 per cent and 188 per cent. When it comes to quarter-over-quarter comparison, the given net revenue figures grew 15 per cent and 42 per cent, respectively. The casino division’s net revenue reached €12.6 million, while gross gaming revenue (GGR) shattered all previous quarterly records by reaching €432 million.
The second quarter of this year witnessed an extraordinary increase in the company’s EBITDA and Net Revenue, which increased from 45 per cent in the first quarter to settle at 55 per cent. This substantial growth is enough to reflect the iGaming software provider’s remarkable success, which was partly the result of its strong growth trajectory as well as effective cost control measures.
It is also worth noting here that the acquisition of DeepCl, an advanced data-driven affiliate optimization service for the betting & gaming industries, helped EveryMatrix a lot. With the acquisition of DeepCI in early July this year, EveryMatrix is now able to monitor thousands of affiliate businesses all around the globe, enabling more exposure in addition to tracking the brand’s popularity.
With the help of DeepCl, which operates as an autonomous division within EveryMatrix, the iGaming software provider can now monitor its competitors as well, which goes a long way in influencing the company’s strategic decision-making.
When asked for a comment, EveryMatrix Group CEO Ebbe Groes said, “Our mission this year centres around our relentless drive to deliver the highest quality technology and services for our customers, and a seventh record quarter in a row proves we are firmly on course to achieving our goals.”
Sliema, Malta-headquartered EveryMatrix's productivity platform CasinoEngine also hit a new milestone by generating a monthly turnover of more than €4 billion, marking the first time when the popular platform surpassed this remarkable threshold, underlining its standing in the company's growth.