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EveryMatrix Reported the Highest EBITDA in Q1 2023

11 may 2023
Author: James Burton

EveryMatrix demonstrated the best performance of all time. The company’s EBITDA, the overall business efficiency, reached € 10.5 million in Q1 2023.

EveryMatrix’s revenues in Q1 2023

Recently Published Operational Data

According to the provider’s report, its net revenue was estimated at € 23.5 million in Q1, which is higher than last year. This growing trend has been observed within the last 6 months.

More details from the recently published report:

  • Q1 EBITDA was declared at the level of € 4.8 million in 2022 and € 10.5 million in 2023. A change over the current and prior periods made up 119%.
  • Gross Gaming Revenue (GGR) for corporate partners within the casino segment was estimated at € 374 million, which happened to be a 77% YoY increase.
  • Turnover in the betting sector reached € 991 million, which determined a 210% growth. This was achieved through close partnerships with bet-at-home and the national lotto in Hungary.

The provider’s casino industry saw its 5th quarterly net revenue reach the highest result. The sports wagering segment was also on the rise, hitting € 5.9 million. The company’s gambling systems saw a serious financial contribution of € 3.4 million.

Success Factors

EveryMatrix managed to deliver a few massive projects. These include online sports software for the Hungarian lotto, as well as a new system for bet-at-home.

The company’s representatives express their excitement about the latest achievements. With a focus on global customers, they are determined to break even more rerecords by the end of the year.

EveryMatrix tries to increase its market coverage in North America. The licences obtained in a few US states surely make this intention more realistic. Thus, the provider company has already signed a contract with the US brand betParx, one of the biggest mobile wagering providers in the country.

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