EveryMatrix records a substantial 39% increase in earnings during the first quarter of 2025.
EveryMatrix Crushes Q1 2025 with a staggering 39% revenue surge, igniting sports and casino expansion!
Celebrate the new year with EveryMatrix, the standout gaming supplier that's ruling the industry amid a mind-boggling 39% Year-on-Year surge in net revenue! Their impressive Q1 2025 report declares a whopping €54 million ($57.8 million) in net revenue, with EBITDA soaring 27% to €28 million. The company managed to maintain an EBITDA margin of 52%, marking their eighth consecutive quarter above the 50% threshold - a testament to their financial prowess and operational might!
Key drivers of this explosive growth:
- Bet600 Betrayal: Bet600, a high-profile sportsbook, took the leap and migrated to the EveryMatrix platform, extending the supplier's sportsbook reach.
- Horsepower Unleashed: EveryMatrix went full throttle and unveiled an exclusive horseracing solution in collaboration with FSB's racing team and the OddsMatrix division. This product offers complete event coverage, system bet features, bonusing tools, and live streaming, giving EveryMatrix's product lineup a hearty helping of horsepower!
- SkyCity Showdown: SkyCity Entertainment Group, a leading operator of land-based casinos in New Zealand and Australia, shook hands for a full casino platform migration later this year. This deal significantly boosts EveryMatrix's market presence.
Performance-wise, SkyCitycasino.com's transition is set to catapult the supplier's footprint, while the sports division continues setting records left and right, smashing 30% year-on-year turnover to €1.7 billion and a 60% GGR jump to €154 million. The casino division contributed €28.6 million in net revenue, marking an incredible 44% increase from 2024!
Group CEO Ebbe Groes, brimming with enthusiasm, shared his thoughts on 2025:
"I'm juiced about 2025! Q1 was fire, an amazing start, and the rest of the year promises to be just as smokin'! Our sports division never fails to impress me, breaking records left and right. In this quarter, we managed an astounding 600,000 live events, all thanks to our ability to expand our coverage and add new products and features even while dealing with this much growth."
Industry insiders, partners, and competitors should keep an eye on EveryMatrix's phenomenal expansion. With trailblazing product innovations, major client wins, and a solid financial base backing them, the company is poised to cement its global leadership in both sports betting and casino segments.
EveryMatrix's Roadmap: Fueling Innovation and Global Conquest
EveryMatrix's Q1 2025 results confirm its status as the iGaming industry's fastest-growing supplier. With over 1,400 employees across 15 countries and services catering to more than 300 clients, the company is harnessing both scale and agility to drive continuous innovation.
The launch of a proprietary horseracing solution underscores EveryMatrix's ambition to diversify their sports betting offerings even further. By weaving deep industry expertise from FSB’s racing team into the OddsMatrix platform, the company can offer richer, more immersive experiences to its operator partners.
Remarkable client migrations like Bet600 and SkyCitycasino.com highlight the faith major operators place in EveryMatrix's technology and services. These migrations bring immediate revenue while confirming the company's reputation as a reliable, cutting-edge platform provider.
Operationally, the opening of a new London office and the appointment of Marc Burroughes as Casino Chief Commercial Officer speak volumes about EveryMatrix's commitment to scaling their leadership and expanding their global footprint.
EveryMatrix's stellar Q1 2025 results underscore its status as a global iGaming powerhouse. With impressive financial growth, innovative product rollouts, and major client wins, the company is all set for a stellar year. As it continues to expand its offerings and consolidate market leadership, EveryMatrix sets the bar high for competitors and an exciting roadmap for partners and investors alike.
- The sports betting industry has witnessed a significant shift with the migration of Bet600, a high-profile sportsbook, to EveryMatrix's platform, thereby extending EveryMatrix's reach in the sportsbook segment.
- EveryMatrix's foray into the gaming industry has been marked by the release of an exclusive horseracing solution, a joint venture with FSB's racing team and OddsMatrix division, which has bolstered the company's product lineup with additional features and offerings.
- Revenue streams for EveryMatrix are expected to further increase with the upcoming full casino platform migration of SkyCity Entertainment Group, a leading operator, later this year, significantly boosting EveryMatrix's market presence.
- EveryMatrix's Q1 2025 results indicate a strategic approach to innovation and global expansion, as evidenced by the launch of a proprietary horseracing solution, the opening of a new London office, and the appointment of Marc Burroughes as Casino Chief Commercial Officer.
