EveryMatrix posts exceptional 2024 results, surpassing €100m EBITDA

The leading iGaming technology provider, EveryMatrix, released its latest trading update, pointing to exceptional results for the fourth quarter and full year 2024.

The company wrapped up another successful year

On Monday, the company released its most recent financial results, indicating growth in net revenue and EBITDA, both hitting a new record.

Notably, the net revenue reported by EveryMatrix for the full year 2024 soared to €181m.

A year-over-year comparison showed a 59% increase in net revenue, a statement released by the company reveals.

Equally as important, the full-year EBITDA reported by EveryMatrix also jumped significantly year-over-year.

Per the latest financial update, full-year EBITDA totaled €101m, a figure that signals a staggering 70% increase when compared to the prior year period.

As noted, EveryMatrix also posted exceptional quarterly results.

In Q4 2024, the company hit a record net revenue of €55m, marking a 51% increase year-over-year.

Similarly, EBITDA hit €30m, marking a 49% year-over-year increase and representing another record for the company.

EveryMatrix retains positive momentum, plans to grow further

Ebbe Groes, Group CEO of EveryMatrix, shared his excitement about the latest results, outlining that it is thrilling to see the financial data appear just in time for ICE Barcelona, one of the biggest events for the gambling sector this year.

"I’m proud of all our achievements in 2024 but particularly in sports where OddsMatrix has undergone an incredible period of growth, increasing betting volumes by a factor 14 in just five years," he added.

Groes spoke about the system's ability to address the growing demand, while at the same time delivering new and useful features.

He added that during the latest quarter, the company launched a rewritten Risk Management module which helped with scaling up.

Notably, the executive acknowledged that EveryMatrix gained positive momentum over the last few years and so far, there isn't any indication of slowing down.

"Most of all, this is a result of our clients growing with us and my heartfelt thanks go to our customers and our staff. Your loyalty and efforts jointly did this. We will keep pushing to improve all products help our clients’ continued growth," Groes explained in conclusion.

Undoubtedly, 2024 was a successful year for EveryMatrix and the exceptional results prove it.

Back in September, the company announced a €18.5m buyout offer for Fantasma Games.

Before that, in July, EveryMatrix announced an all-cash deal for the takeover of the leading sportsbook technology and turnkey solutions provider, FSB Technology.

Releasing its trading update, the company confirmed that the integration of Fantasma Games and FSB already benefits Group revenues.

Other notable achievements accomplished by EveryMatrix include GLI-19 and GLI-33 certifications the company secured for its core platform products.

Image credit: EveryMatrix