EveryMatrix’s annual gross profit rose by 26% for 2022

Supplier EveryMatrix's annual gross profit rose by 26% year-on-year to €65m ($80m), while its Q4 gross profit increased by 39% over last year to €19.4m.

Updated on 2 February 2023
Gambling Insider
Editorial Staff
EveryMatrix’s annual gross profit rose by 26% for 2022

Supplier EveryMatrix’s annual gross profit rose by 26% year-on-year to €65m ($80m), while its Q4 gross profit increased by 39% over last year to €19.4m.

The report reveals the financial performance and gross profit was ahead of expectations across all business segments since its founding 15 years ago, including casino, sports and platform. It also achieved its second-largest signed contract along with a promising sales pipeline and strong cash balance.

With Germany excluded, group gross profit for the rest of the world soared by 43%, and by 113% between Q4 2020 and Q4 2022.
Starting in March of 2022, each month’s gross profit results increased, with November recording the first €6m and December the first €7m.
Additionally, the business closed 149 new deals worth over €25m, including 14 turnkey, 18 tier-1 and 7 US contracts.
Furthermore, quarterly EBITDA soared 81% to €6.9m and annual EBITDA/gross profit margin was 36%.
Ebbe Groes, Group CEO of EveryMatrix, said: “This could not have been achieved without the effort, expertise and energy that our teams and individuals across multiple global locations have consistently shown throughout 2022. A very special mention to our friends and colleagues in Ukraine who we are committed to unconditionally supporting at all costs.”
Meanwhile, a significant tier-one victory for the OddsMatrix team during the final quarter of 2022 was of particular significance for the sports category.
The casino segment reported another record quarter with a record gross profit of €8.9m, 43% growth.
Topics
Land-BasedCasinoFinancialSports BettingIndustry
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