EveryMatrix Reports Record-Breaking Financial Performance in 2024

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EveryMatrix closed 2024 on an exceptional note, achieving record-breaking financial performance across its sportsbook, casino, and market expansion efforts. The company’s annual net revenue reached an impressive €181 million ($186 million), marking a 59% year-on-year increase, alongside an EBITDA of €101 million, reflecting a 70% rise. Strategic acquisitions, growth in the sportsbook and casino divisions, and significant progress in regulated market entries bolstered these results.

EveryMatrix Reports Record-Breaking Financial Performance in 2024

Stellar Financial Growth Highlights

EveryMatrix demonstrated substantial financial growth throughout the year, underpinned by consistent quarter-over-quarter gains. In the fourth quarter of 2024, the company achieved a revenue of €55 million, representing a 51% increase compared to the same period in 2023. This robust performance reflects the effectiveness of its diversified business strategy and operational scalability.

OddsMatrix: A Driving Force Behind Sportsbook Growth

The company’s sportsbook platform, OddsMatrix, emerged as a significant contributor to its success. In 2024:

Betting volumes rose by 73%, driven by increased player engagement and platform enhancements.
Gross Gaming Revenue (GGR) surged by 135%, reaching €448 million for the year.
Quarterly sportsbook turnover climbed 50% in Q4 to €1.9 billion, with GGR for the same period hitting €160 million, an increase of 115%.

This remarkable growth showcases the scalability and market competitiveness of OddsMatrix as a cutting-edge sportsbook solution.

Casino Division: Record-Breaking Success

EveryMatrix’s casino division delivered its 13th consecutive record-breaking quarter, a testament to its operational excellence and market appeal. In 2024:

The division generated €2.8 billion in GGR for operator partners, reflecting a 49% year-on-year growth.
Strategic integration of proprietary and third-party games enabled broader audience engagement and higher player retention.

With continued investment in innovation and partnerships, the casino division remains a pivotal growth driver for the company.

Strategic Acquisitions Boost Market Performance

EveryMatrix’s strategic acquisitions in 2024 significantly contributed to its financial success:

FSB Technology Acquisition (July 2024):
- This acquisition added 14% GGR to the sportsbook division.
- The OddsMatrix team expanded, doubling its trading and quant capabilities.
Fantasma Games Integration (October 2024):
- Fantasma Games brought 45 new titles to EveryMatrix’s in-house games portfolio.
- These titles enhanced the company’s content offering, driving greater engagement across global markets.

Both acquisitions were funded entirely through cash flow, reinforcing EveryMatrix’s debt-free position and financial stability.

SlotMatrix: Expanding the Gaming Library

The company’s aggregation platform, SlotMatrix, achieved significant milestones in 2024:

1,145 new games were added during the fourth quarter, increasing the total library to over 175 vendors.
SlotMatrix’s extensive collection continues to cater to diverse operator needs, providing unmatched scalability and flexibility in game integration.

This platform has solidified its reputation as a leading aggregation solution, catering to operators across online and land-based gaming environments.

Milestones in Market Expansion

EveryMatrix made notable progress in expanding its presence in regulated markets throughout 2024. Key achievements include:

Launch in West Virginia:
- Partnered with industry giants BetMGM and Rush Street Interactive (RSI) to enter the state.
- Leveraged the SlotMatrix platform to provide high-quality gaming experiences to operators and players.
Expansion in North America:
- Following successful entries into New Jersey and Michigan, the company now holds licenses in six jurisdictions, including Ontario and Pennsylvania.
- This expansion positions EveryMatrix as a formidable player in the North American gaming landscape.

The company’s focus on compliance and tailored solutions ensures sustainable growth in these competitive markets.

Q3 2024 Performance: Building Momentum

The third quarter of 2024 also reflected EveryMatrix’s ability to sustain momentum:

Revenue increased by 66%, driven by enhanced sportsbook capabilities and the impact of recent acquisitions.
Strategic investments in product innovation and market entry laid the groundwork for continued growth.

Commitment to Innovation and Growth

EveryMatrix’s 2024 achievements underscore its dedication to innovation, market adaptability, and customer-centric solutions. The company continues to invest in:

Technology development to enhance platform performance and scalability.
Customer partnerships to deliver tailored solutions that meet regional demands.
Sustainable growth strategies that align with regulatory requirements and industry trends.

Looking Ahead: The Future of EveryMatrix

As EveryMatrix enters 2025, the company is well-positioned to maintain its growth trajectory. Plans include:

Further expansion into regulated markets, targeting untapped regions with high growth potential.
Continued enhancement of the OddsMatrix and SlotMatrix platforms to deliver superior operator and player experiences.
Strategic collaborations and acquisitions to strengthen its market position and product portfolio.

EveryMatrix remains committed to driving innovation and excellence in the global gaming industry.

FAQs About EveryMatrix’s Record-Breaking Financial Performance in 2024

1. What was EveryMatrix’s financial performance in 2024?

EveryMatrix reported €181 million ($186 million) in annual net revenue for 2024, reflecting a 59% year-on-year increase. The company also achieved €101 million in EBITDA, a 70% rise compared to the previous year.

2. How did EveryMatrix perform in Q4 2024?

In the fourth quarter, EveryMatrix recorded €55 million in revenue, marking a 51% increase from Q4 2023. The company also reported significant growth in sportsbook and casino divisions during this period.

3. What role did OddsMatrix play in the company’s growth?

OddsMatrix, EveryMatrix’s sportsbook platform, was a major growth driver in 2024. Key highlights include:

73% increase in betting volumes.
135% rise in Gross Gaming Revenue (GGR), reaching €448 million.
Quarterly sportsbook turnover climbed 50% to €1.9 billion, with Q4 GGR increasing by 115% to €160 million.

4. How did the casino division perform in 2024?

The casino division achieved its 13th consecutive record-breaking quarter. It generated €2.8 billion in GGR for operator partners, reflecting a 49% year-on-year growth.

5. What strategic acquisitions did EveryMatrix make in 2024?

FSB Technology: Acquired in July, contributing 14% GGR to the sportsbook division and doubling OddsMatrix’s trading and quants teams.
Fantasma Games: Acquired in October, adding 45 new titles to EveryMatrix’s in-house games portfolio.

Both acquisitions were fully funded through cash flow, keeping the company debt-free.

6. What is SlotMatrix, and how did it contribute to growth?

SlotMatrix is EveryMatrix’s aggregation platform. In 2024:

It added 1,145 new games in Q4, bringing the total library to over 175 vendors.
It provided scalable and diverse content solutions to online and land-based operators globally.

7. What market expansion milestones did EveryMatrix achieve in 2024?

EveryMatrix expanded into new regulated markets, including:

West Virginia, partnering with BetMGM and Rush Street Interactive (RSI).
Strengthening its North American footprint with licenses in six jurisdictions, including Ontario and Pennsylvania.

8. How did EveryMatrix perform in Q3 2024?

In Q3, EveryMatrix achieved a 66% increase in revenue, driven by enhanced sportsbook capabilities and recent acquisitions. This performance laid the foundation for its strong year-end results.

9. What innovations did EveryMatrix introduce in 2024?

EveryMatrix focused on:

Enhancing sportsbook and casino platforms with new features and integrations.
Expanding the game library on SlotMatrix with contributions from acquisitions like Fantasma Games.
Introducing tailored solutions to meet regional demands in new markets.

10. What are EveryMatrix’s plans for the future?

Looking ahead to 2025, EveryMatrix plans to:

Continue expanding into regulated markets.
Strengthen its OddsMatrix and SlotMatrix platforms.
Pursue additional strategic partnerships and acquisitions to enhance its product portfolio.