EveryMatrix Press Releases

EveryMatrix delivers record growth in Q1 2023

Published

2 years ago

May 4, 2023

Reading Time: 3 minutes

B2B iGaming technology provider EveryMatrix announces its highest growth in company history.

EveryMatrix’s Q1 2023 update shows record financial performance and profitability across all business segments (Casino, Sports and Platform), launching its biggest ever platform migration project, signing a significant omnichannel deal with a tier-1 brand in Europe and reinvesting positive cashflow for future growth.

European Gaming Congress 2024 (Warsaw, Poland)

RECORD QUARTERLY RESULTS

For the first quarter of 2023 (Jan 1^st to March 31^st) the company recorded Net Revenue of €23.5 million, a staggering 69% Year-on-Year (YoY) growth and a 21% Quarter-on-Quarter (QoQ) increase. This is the sixth consecutive quarterly increase in a row.

The strong revenue growth resulted in record profits. EBITDA was up 119% YoY at €10.5m (€4.8m in Q1 2022) with a 3-year CAGR of 39%. EBITDA/Net Revenue margin rose to 45% driven by strong growth and successful cost control.

EveryMatrix set a record quarterly Gross Gaming Revenue (GGR) performance for operator partners within its casino business unit generating €374m, up 77% YoY compared to the same period in 2022.

The sports business unit continued to make impressive progress recording €991m in turnover, a more than 210% YoY increase. This strong growth is set to stay with two of the company’s largest deals signed in 2022 with bet-at-home and The Hungarian Lottery, Szerencsejáték, expected to be reflected in the last two remaining quarters of the year.

Ebbe Groes, Group CEO of EveryMatrix, said: “Records keep on being broken and that is all down to our people. I’m very proud of all our business units and their teams who are relentlessly driving quarter-on-quarter growth for the business and for our partners across all areas.

“This year is all about delivering and going above and beyond for our global customers. We have several large-scale projects underway including a successful platform migration and new look sportsbook for bet-at-home, with Germany to come shortly, and the launch of the Hungarian lottery’s new digital sports offering later this year.

“I’m more excited than ever for the future growth of EveryMatrix, with new omnichannel agreements being signed, and new, innovative gamification features set to create even more value for our operator partners.”

CASINO, SPORTS & PLATFORM GAIN FURTHER MOMENTUM

Casino recorded its fifth quarterly record Net Revenue in a row (€10.8m), up 84% YoY compared to Q1 2022, with EBITDA margin rising to 52%.

Sports Net Revenue was up 29% to €5.9m compared with the same period last year with the team migrating and relaunching bet-at-home .com within the EveryMatrix platform and focused on delivering bet-at-home.de, alongside a new digital sportsbook offering for the Hungarian lottery Szerencsejáték, later this year.

Bet-at-home also became the first tier-1 brand to use EveryMatrix’s new, enhanced front-end sportsbook which will be offered to other customers going forward.

The Platform segment reported a Net Revenue increase of 97% compared to the same period last year with a record EBITDA contribution of €3.4m with the business supporting both casino and sports business units.

KEY MILESTONES IN Q1

Launched bet-at-home .com on EveryMatrix platform and tech stack with new look front-end; on track to launch bet-at-home.de in Q2 2023
Signed significant omnichannel and managed services agreement with a tier-1 operator in Croatia
35 new contracts signed in eight different jurisdictions including three turnkey clients
14 new affiliate platform deals signed compared to eight in Q1 2022
Nine new payment integrations delivered
Received licence approval in the US state of Connecticut; fifth North American licence after Michigan, West Virginia, New Jersey and Ontario, Canada
Agreed content deal with US brand betParx, one of the largest mobile brands in the northeast of the US
Received MGA (Malta) and Greece licence approval for new jackpot gamification product JackpotEngine

EveryMatrix Press Releases

EveryMatrix introduces EngageSuite for cross-vertical loyalty and gamification

Published

3 hours ago

May 21, 2025

George Miller

Reading Time: < 1 minute

EveryMatrix has launched EngageSuite – a unified loyalty and gamification ecosystem driving player engagement across verticals.

EngageSuite is an all-in-one loyalty and gamification solution designed to revolutionise how operators engage, reward, and retain their players across verticals.

It empowers brands with a fully customisable toolkit to build hyper-personalised, immersive player journeys that significantly boost loyalty and drive long-term value.

The new product series brings together a powerful combination of retention mechanics, including bonuses, levelling, spendable loyalty currency, tournaments, Challenges, mini-games, and jackpots, all functioning as part of a unified system.

Instead of relying on isolated features, EngageSuite allows operators to combine its components to create an interconnected experience tailored to each brand and player base.

This ecosystem both enhances a player’s journey and offers operators unparalleled flexibility in how they engage their audience.

Operators can manage everything through a single, intuitive back-office, with full control over each component. On the front-end, customisable widgets ensure a branded player experience. Integration is seamless, with a single point to connect to CRMs, marketing, and automation platforms. AI-driven personalisation and churn prevention in real-time.

All EngageSuite products are live with clients, showing significant uplift. This includes Challenges boosting game rounds by 15%; Unique Active Players across included games up 20%; JackpotEngine boosting average bet amounts by 5.4%; number of rounds per session up 8.9%, and session length rising 3.8%.

LoyaltyEngine has seen rapid adoption rates since launch in September 2024, now live across 16 brands and rising.

Stian Enger Pettersen, CEO Casino, EveryMatrix, said: “EngageSuite is more than a gamification toolkit. It’s a transformative engagement solution with strong synergies across all its components.

“Each component is powerful on its own, but they truly shine when used together. Operators set the framework, and players personalise their journey with the benefits they value most.”

The post EveryMatrix introduces EngageSuite for cross-vertical loyalty and gamification appeared first on European Gaming Industry News.

EveryMatrix Press Releases

EveryMatrix goes ‘back to where it all began’ with new London office opening

Published

3 weeks ago

April 30, 2025

George Miller

everymatrix-goes-‘back-to-where-it-all-began’-with-new-london-office-opening

Reading Time: 2 minutes

EveryMatrix has opened a new central London office, 17 years after it was founded in the UK capital.

Located in the heart of the city on the 25th floor of the newly opened 258,000 sq ft HYLO building in Old Street, London, the premium office space is home to various EveryMatrix teams, including several members of its OddsMatrix sports platform division.

The HYLO has been described as one of London’s most exciting new buildings, boasting a high rise tower and large, efficient podium floors plus roof gardens and new public spaces all within the popular Shoreditch area.

Team members include UK-based ex FSB Technology employees who have successfully integrated into EveryMatrix, following its acquisition last year. Many of the team have been responsible for delivering the Group’s new horse racing product.

Built from the ground up in just six months, the EveryMatrix racing product is fully managed by the expert, award-winning former-FSB trading team in London. The solution offers a wide range of global content, round the clock streaming, multiple derivative markets, granular price management and dynamic cross-product bonusing.

Designed to appeal to core racing markets such as the UK & Ireland and South Africa, customers also benefit from integration into EveryMatrix platform technology, offering increased scale, next generation user experience, enhanced bonusing and increased automation.

The new EveryMatrix London office is the third new global location to be opened this year with Chang Mai in Thailand and Cebu in the Philippines welcoming teams in March. This takes the total number of global EveryMatrix offices to 15 employing more than 1,400 staff.

The EveryMatrix workforce has increased by 40% since last March when the company announced its 1,000 th employee while simultaneously cutting the ribbon on a state-of-the-art, sustainably developed and built office for more than 500 staff in Bucharest.

Ebbe Groes, Group CEO and Co-Founder, EveryMatrix, said: “We’re back where it all began when Stian [Hornsletten] and I co-founded the business in 2008. This new opening brings back so many fond memories and I’m personally delighted to see the business come back full circle.

“The space is magnificent and one of the best I’ve ever seen offering our teams here superb working conditions, multiple benefits and the ideal central London location.

“Our growth is showing no bounds and this new UK location highlights just how ambitious we are to continue growing and working with premium, tier-1 customers who we can now host in one of Europe’s best cities.”

The post EveryMatrix goes ‘back to where it all began’ with new London office opening appeared first on European Gaming Industry News.

EveryMatrix Press Releases

Marc Burroughes appointed Chief Commercial Officer Casino at EveryMatrix

Published

1 month ago

April 8, 2025

George Miller

marc-burroughes-appointed-chief-commercial-officer-casino-at-everymatrix

Reading Time: < 1 minute

Marc Burroughes has been appointed Chief Commercial Officer (CCO) of EveryMatrix’s Casino division, driven by CasinoEngine, the group’s flagship integration platform powering global tier-1 operators to record growth.

Burroughes has spent close to two decades in the iGaming industry including senior roles at IGT, Light & Wonder and OpenBet with extensive commercial experience setting strategies and managing tier-1 customers in integrating content from leading game studios, platforms and aggregation solutions.

Reporting to casino business unit CEO Stian Enger, he will be responsible for commercial strategy across EveryMatrix’s CasinoEngine business unit that generated €2.8 billion in Gross Gaming Revenue (GGR) for customers in 2024, processing more than 73 billion game rounds.

His new CCO role involves a multitude of responsibilities including defining and setting the commercial strategy for CasinoEngine; delivering the forthcoming EngageSuite ecosystem to existing and new clients; working closely with the SlotMatrix and EveryMatrix Games teams to help customers move to a full platform solution and more.

Ebbe Groes, Group CEO and Co-Founder, EveryMatrix, said: “Marc has a strong track record working in senior positions for some of the industry’s major providers and delivering premium casino solutions for tier-1 brands.

“As we continue to grow at pace, and as our casino business unit goes from strength-to-strength, we’re looking to accelerate this even further in the months and years ahead under Marc’s commercial leadership.”

Marc Burroughes, CCO, Casino, EveryMatrix, said: “When the opportunity came to join EveryMatrix on their journey to rapid growth there was only one answer I could give.

“The group’s casino division is among the best I’ve seen in my 17 years in the industry and it still has room to significantly grow. I want to maximise all the opportunities we’ve identified and I’m confident we can achieve some big targets.”

The post Marc Burroughes appointed Chief Commercial Officer Casino at EveryMatrix appeared first on European Gaming Industry News.