EveryMatrix Posts Exceptional Second Quarter With Strong Results
Date: 2023-08-30 Author: Kirill Zagoruyko Categories: CASINO
iGaming for business (B2B) technology provider EveryMatrix released its second-quarter results, posting its seventh straight record quarter of higher earnings and revenue. The latest financial report shows that the company's net sales in the second quarter of this year reached 27 million euros ($29.4 million), an increase of 82% compared to the same period last year.
Likewise, EveryMatrix's EBITDA surged in the second quarter of this year. Based on recent trading data, the company's EBITDA was 15 million euros (16.3 million dollars). This result compared to the corresponding period of 2022 was marked by an increase of 188%.
The results showed growth not only compared to the previous year, but quarterly as well. Revenue posted for the most recent trading period is up 15% QoQ and Q2 EBITDA is up 42% QoQ 2023.
EveryMatrix reported that all of its business segments delivered exceptional results and growth during a record quarter. This includes the casino, sports and platform, confirming their success, potential and growing position in the global gambling sector.
An analysis provided by EveryMatrix showed that net casino revenue in the second quarter of this year was 12.6 million euros ($13.7 million), up 83% from the same period last year. Similarly, the company's platform-related net income increased by 85% year-over-year. In addition, the sports division of EveryMatrix reported a gross gaming revenue of €57 million ($62.1 million), up 137% from last year.
Latest Results Encourage EveryMatrix
In addition to financial results, the company noted several important achievements made in the second quarter of 2023. During the last trading period, EveryMatrix signed 26 new contracts across eight regulated gambling markets. Its LotteryEngine solution was launched in conjunction with its first partner, the National Lottery of Malta.
In addition, EveryMatrix expanded its partner portfolio with over 50 new clients as a result of the acquisition of DeepCI. In the second quarter of this year, the company also launched WynnBet and DraftKings in the US, among other important achievements and milestones.
" This business and our team of over 750 people in 12 countries continue to amaze me every day, delivering consistent record growth and profitability for our customers who continue to benefit from the industry's best casino, sports and platform products." Ebbe Groes, CEO of the EveryMatrix Group
Ebbe Groes, CEO of the EveryMatrix Group, spoke about the dedication and consistent efforts of the company's growing team of experts that helped it achieve another record quarter. He highlighted the importance of EveryMatrix's partners who use its compelling betting products, casinos and platforms.
Gros added that an important goal of the company is to provide quality services and solutions that contribute to the growth of its partners. Finally, he predicted the continued growth and expansion of EveryMatrix.
Likewise, EveryMatrix's EBITDA surged in the second quarter of this year. Based on recent trading data, the company's EBITDA was 15 million euros (16.3 million dollars). This result compared to the corresponding period of 2022 was marked by an increase of 188%.
The results showed growth not only compared to the previous year, but quarterly as well. Revenue posted for the most recent trading period is up 15% QoQ and Q2 EBITDA is up 42% QoQ 2023.
EveryMatrix reported that all of its business segments delivered exceptional results and growth during a record quarter. This includes the casino, sports and platform, confirming their success, potential and growing position in the global gambling sector.
An analysis provided by EveryMatrix showed that net casino revenue in the second quarter of this year was 12.6 million euros ($13.7 million), up 83% from the same period last year. Similarly, the company's platform-related net income increased by 85% year-over-year. In addition, the sports division of EveryMatrix reported a gross gaming revenue of €57 million ($62.1 million), up 137% from last year.
Latest Results Encourage EveryMatrix
In addition to financial results, the company noted several important achievements made in the second quarter of 2023. During the last trading period, EveryMatrix signed 26 new contracts across eight regulated gambling markets. Its LotteryEngine solution was launched in conjunction with its first partner, the National Lottery of Malta.
In addition, EveryMatrix expanded its partner portfolio with over 50 new clients as a result of the acquisition of DeepCI. In the second quarter of this year, the company also launched WynnBet and DraftKings in the US, among other important achievements and milestones.
" This business and our team of over 750 people in 12 countries continue to amaze me every day, delivering consistent record growth and profitability for our customers who continue to benefit from the industry's best casino, sports and platform products." Ebbe Groes, CEO of the EveryMatrix Group
Ebbe Groes, CEO of the EveryMatrix Group, spoke about the dedication and consistent efforts of the company's growing team of experts that helped it achieve another record quarter. He highlighted the importance of EveryMatrix's partners who use its compelling betting products, casinos and platforms.
Gros added that an important goal of the company is to provide quality services and solutions that contribute to the growth of its partners. Finally, he predicted the continued growth and expansion of EveryMatrix.
