EveryMatrix reports 39% revenue rise for Q1 2025
Quarter sees key migration and product rollout developments.
Key points:
– EveryMatrix has reported a 39% year-on-year rise in net revenue, alongside a 27% increase in EBITDA
– Developments included the migration of Bet600 and the rollout of a new horse racing product
EveryMatrix has announced its financial results for Q1 2025, showing growth across core business units.
The supplier posted €54m ($57.8m) in net revenue for the quarter, up 39% year-on-year. EBITDA reached €28m, a 27% increase compared to the same period last year. The EBITDA margin was 52%, marking the eighth consecutive quarter above 50%.
Operational highlights included the migration of Bet600 to the EveryMatrix platform. A proprietary horseracing solution was also launched, developed in collaboration with FSB’s racing team and EveryMatrix’s OddsMatrix division. The product provides event coverage and includes system bet features, bonusing tools and live streaming capabilities.
EveryMatrix signed an agreement to provide a full casino platform to SkyCity Entertainment Group. SkyCity operates land-based casinos in New Zealand and Australia and will move its online brand, SkyCitycasino.com, to EveryMatrix later this year.
The sports division recorded a 30% year-on-year rise in turnover to €1.7bn and a 60% rise in gross gaming revenue (GGR) to €154m. Casino operations reported €28.6m in net revenue, a 44% year-on-year increase.
Good to know: EveryMatrix employs over 1,400 staff across 15 countries and provides services to more than 300 clients
Ebbe Groes, EveryMatrix Group CEO, stated: “I’m very excited for 2025. Q1 was a solid quarter, a great start, and the rest of the year looks just as promising.
“Our sports division never ceases to amaze me, breaking record after record. This quarter, we managed to reach 600,000 live events, all thanks to our ability to expand our coverage and add new products and features even while experiencing this much continuous growth.”
This move follows the appointment of Marc Burroughes as Casino CCO, as well as the opening of the new London office.
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