OddsMatrix joins €1bn club

EveryMatrix has announced that its sports product solution, OddsMatrix, has made a company record €1bn in turnover for 2022.

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The figure, revealed to have been hit during OddsMatrix’s Q3, comes after the business narrowly missed out on the €1bn ($992m) mark in 2021.

Moreso, monthly turnover for the last two months was up by 100% annually, and its Q4 2021 report earlier in 2022 revealed a further record of €100m for OddsMatrix.

Ebbe Groes, Group CEO of EveryMatrix, commented on the milestone: “Another stunning accomplishment for OddsMatrix and EveryMatrix as a whole. We’ll likely be hitting €200m turnover per month in Q4 2022. And the fast growth of volumes can be turned into even more feature investment, positively reinforcing the volume growth.”

It has been a good year for EveryMatrix as a whole, as it saw a partnership with Intralot launch a new website for Morocco’s state lottery, titled: La Marocaine des Jeux & des Sports en Ligne.

Meanwhile, earlier this year, EveryMatrix posted strong Q2 results – showing a 41% revenue increase for 2022, which amounted to €30.1m.

Furthermore, EBITDA was maintained at €5.2m as the group ‘continues to reinvest positive cash flow into future growth.’

Groes said of the results: “Driven by our diverse product offering and strong client base, we saw yet another record number of new client wins in the quarter with 43 deals signed across all products.

"A 17% increase in gross profit, the best reflection of the underlying performance of the group, allows us to continue to invest in our future growth.”

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