Supplier EveryMatrix has released its Q1 results for 2024, displaying €39m ($42m) in net revenue earned over the period.
These latest financial results have also broken the company's previous quarterly record for profitability. Net revenue grew by 66% when compared to Q1 of 2023, with adjusted EBITDA also up by 111% year-on-year at €22.3m.
EveryMatrix’s performance for operator partners in the casino segment also experienced growth in the initial quarter of 2024, generating €619m, which marks a 65% increase from Q1 2023. Further, its net revenue for casino operations rose to €19.9m, up 83% year-on-year.
The provider’s OddsMatrix sports division also saw its net revenue increase by a healthy 78% year-on-year to €10.5m – with adjusted EBITDA up 313% to €6.2m. Additionally, its Gaming Management Platform generated quarterly net revenue of €7.3m in the first three months of the year.
EveryMatrix Group CEO Ebbe Groes said: "It's been more than a year of the company breaking records and hitting new highs, and this quarter has been the best yet.
"From casino, sports and platform that are all showing extremely positive signs of sustained growth and expansion, to our affiliate, payments and live casino divisions that are pushing the boundaries of technology and paving the way for future success, we're in a fantastic position for the remainder of 2024 and beyond.”
Over the course of the first quarter, EveryMatrix announced its new headquarters in Bucharest and invited us for a look around – readers can learn more about this in the latest issue of Gambling Insider magazine.
