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EveryMatrix Reached Great Revenues in the 2nd Quarter of 2022

The content of the article
22 september 2022
Author: James Burton
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EveryMatrix announced excellent results for the second trimester of 2022, with sales of more than € 30 million, up 41% from the same quarter the previous year.

EveryMatrix reached great revenues in Q2 2022

Income Statistics

With a four-year CAGR of 35%, gross revenue climbed by 17% year-over-year to € 14.9 million. The organisation pointed out that despite policy changes in Germany which affected the gambling segment's revenue, the casino vertical still raised 11% yearly due to the company's wide range of clientele.

With an EBITDA margin of 35%, this revenue was kept at € 5.2 million as the business continues to spend positive cash flow toward future expansion. After the first 3 months of 2022, the net profit was € 11.1 million, and in Q2 2022, it grew to € 15.2 million.

The developer listed several significant accomplishments for the period, along with a new customer-attraction record of 43 agreements inked throughout all verticals in the second trimester of 2022.

In the last quarter, the company also excelled in such achievements as:

  • signing 4 new Tier 1 partners, featuring the National Lottery of Malta in Europe, as well as the 888casino and BetMGM brands in the US;
  • launching the corporation clients' projects using the CasinoEngine and SlotMatrix platforms;
  • concluding a landmark agreement with the Bet-at-home bookmaker project, etc.

Leader’s Feedback

According to the EveryMatrix spokesperson Ebbe Groes, the provider’s achieved results are driven by the company's diversified range of offers and robust client base.

The group finished the purchase of Leapbit, a creator of retail bookmaker solutions, in May. Speaking on the transaction, Mr Groes noted that any full sports betting product must include such a component.

By incorporating Leapbit's software, the developer will elevate its OddsMatrix to the forefront of multi-channel wagering in legalised regions. The platform is one of the business' three pillars and is now expanding at a phenomenal rate.

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