EveryMatrix has recently announced its exceptional financial performance for the fourth quarter and full year of 2023. The company, known for its cutting-edge technological solutions and comprehensive offerings, has achieved record-breaking results, marking a significant milestone since its establishment in 2008.
In 2023, EveryMatrix witnessed a remarkable surge in its annual revenue, reaching an impressive €114 million. This represents a staggering 75% increase compared to the previous year, highlighting the company’s robust growth trajectory. Moreover, the fourth quarter of 2023 saw a notable 56% quarter-on-quarter profit growth, further contributing to the record annual growth and profitability.
EveryMatrix reported substantial profitability growth, with each quarter witnessing an increase of more than 50%. The annual net revenue surged from €65 million in 2022 to €114 million in 2023, showcasing a remarkable 75% year-on-year increase. The company’s annual EBITDA soared to €60 million, marking a remarkable 155% growth compared to 2022, with the fourth quarter EBITDA witnessing a remarkable 194% year-on-year growth.
The company attributes its stellar financial performance to its continued focus on technological innovation and service excellence. EveryMatrix expanded its product portfolio by introducing new offerings, such as the Hungarian state lottery and Bet-at-Home in Germany, which garnered significant success. Additionally, the acquisition of leading iGaming data-tracking platform DeepCI and the launch of the new live casino vertical PlayMatrix further contributed to revenue growth and market expansion.
EveryMatrix’s casino business unit demonstrated exceptional growth, generating gross gaming revenue of €588 million in Q4 2023 and €1.9 billion in full-year 2023. This represents year-over-year growth of 89% and 83%, respectively. The quarterly casino net revenue surged by 101% compared to 2022, with EBITDA witnessing a remarkable 212% year-on-year increase. The full-year net revenue reached €54.7 million, marking an 86% increase from the previous year, with EBITDA soaring to €32.3 million, reflecting a 162% growth.
EveryMatrix’s sports betting vertical, OddsMatrix, experienced record growth in both revenue and customer engagement. The fourth quarter saw a gross revenue of €74 million and an EBITDA of €4.9 million, marking 210% and 178% growth, respectively. The annual gross revenue surged to €190 million, reflecting an 85% increase from the preceding year. Moreover, the vertical witnessed a 75% increase in the number of bets handled, with the fourth quarter figures soaring by 95% compared to 2022.
Ebbe Groes, Group CEO of EveryMatrix, expressed profound satisfaction with the company’s exceptional performance, emphasizing the collective efforts of every business unit and employee. Groes highlighted the company’s accelerated growth trajectory, underscored by significant investments in technology, innovation, and customer acquisition. With a steadfast commitment to delivering value to customers and stakeholders, EveryMatrix remains poised for continued success in 2024 and beyond.
EveryMatrix’s record financial performance in 2023 signals a transformative year for the iGaming industry, showcasing the company’s resilience, innovation, and commitment to excellence. As the company continues to push the boundaries of technological advancement and customer satisfaction, it reinforces its position as a leading player in the global iGaming landscape.
