Published
OnlineFinancialSports BettingResults

EvenBet reports Q1 revenue growth of 37%

The results are said to have surpassed expectations. 

evenbet
Listen To Article

EvenBet Gaming has released its Q1 2024 financial results, revealing first quarter revenue was 37% stronger than its 2023 results. 

It has been a busy first quarter for EvenBet, which has now demonstrated further ambition by enhancing its growth targets for the rest of the year in the wake of these positive financial results. The company has accredited these encouraging financials to the introduction of strategic initiatives embedded within the customer success department.  

Through the early stages of the year, EvenBet launched five software updates, with recently developed features including the inclusion of the Pinnacle sportsbook and the addition of Gamzix games to its casino platform.

Further, the company saw advancements in the LatAm market through sports betting partnerships with Aposta.la and Apuesta Total in Peru, as well as the launch of Betplay’s new digital poker platform in Colombia. Growth was also experienced through its Argentinian venture, LatPoker, which is powered by EvenBet’s own gaming software programme.

CEO of EvenBet Gaming, Dmitry Starostenkov, said: “Reflecting on our Q1 performance, we are thrilled to see our strategic initiatives yielding such impressive results. The substantial revenue growth, coupled with the extension of our team and upcoming launch into the African market, underscores our continued commitment to deliver top-tier gaming experiences and solutions, and we will continue to strive for success throughout 2024.”  

Aside from the positive financial results, EvenBet also saw its customer base grow, with its active player base up from 30 million in Q1 2023, to 42 million in Q1 2024. In the wake of these encouraging statistics, EvenBet have announced the target of 30% further revenue growth year-on-year. 

Back in November of 2022, the poker variation Teen Patti was launched on EvenBet’s Indian venture, the game has proved popular with local players. 

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Flutter
Galaxy Gaming
Churchill Downs Incorporated
Oddsworks
Follow Us

Global Gaming Awards Asia-Pacific: Going live

The Global Gaming Awards Asia-Pacific are set for their firs...

Preview: SiGMA Asia 2024

SiGMA’s annual Asia summit comes back to Manila – signif...

Company profile: Praxis Tech

Being payments ready in Asia - A call to action for iGaming...