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EveryMatrix financial results for 2021 – profit rises; EBITDA up by 65%

EveryMatrix has reported strong financial results for 2021, with the iGaming technology provider growing both gross profit and EBITDA year-on-year. 

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The company posted gross profit of €51.5m ($58.4m) for the full year ending 31 December, which represented growth of 32% versus the prior year.  

EBITDA also grew year-on-year, with the company recording €19.7m in 2021 – an increase of 65% compared with 2020. 

EveryMatrix attributed the success of the past year to its recent product investments, as well as launching new client brands, expanding its network of partners and strengthening its business in the growing US market. 

Ebbe Groes, Group CEO, EveryMatrix, commented: “I am delighted to report excellent results for the fourth quarter and 2021 as a whole, in terms of strong gross profit and EBIDTA growth, onboarding of new clients, and deals signed. We delivered this result despite the regulatory changes in Germany which have impacted the casino segment significantly.  

“This achievement proves the positive effect of the bold leap EveryMatrix took when investing heavily in product and technology. It has given us a strong, diverse and competitive product offering and the ability to attract new clients.” 

The company also released its Q4 results, showcasing similarly positive financial performance during the final quarter of the year.  

EveryMatrix posted gross profit of €13.9m in Q4, an increase of 26% compared to the same period in 2020, and EBITDA of €4.4m, an increase of 23% year-on-year. 

Its Q4 highlights included subsidiary brand OddsMatrix surpassing €100m in bets placed for each month of the quarter, fulfilling licence requirements in New Jersey and integrating 10 additional game vendors with its CasinoEngine platform.  

The company also submitted licence applications in West Virginia and Michigan, signed a supply contract with Golden Nugget Online Gaming and launched eight new turnkey projects with clients in Q4.


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