EveryMatrix Press Releases
EveryMatrix maintains momentum in Q3 2022
B2B iGaming technology provider EveryMatrix announces strong results for Q3 of 2022.
EveryMatrix’s Q3 update shows financial performance ahead of expectations and Gross Profit growth across all business segments (Casino, Sports, and Platform) against the same period in 2021, a strong quarter in sales, two global operator launches, and a strong cash balance.
FINANCIAL PERFORMANCE AHEAD OF EXPECTATION
Gross Profit (Gross Revenue less direct costs to game suppliers) increased by 33% Y/Y in Q3 2022 to €16.8 million (14.9) with a 4-year CAGR of 35%. EveryMatrix is now lapping the full Germany effect, and the strong comparable figures reflect the core business’ continuous growth.
EBITDA increased to €6.4 million (5.2) as the company continues to reinvest positive cash flow into future growth. Key investments remain U.S. expansion and the games segment of the business.
The EBITDA/Gross Profit margin was 38%, growing after successful cost control and profit growth.
RECORD GROSS PROFIT IN CASINO
The casino unit enjoys the best Gross Profit in a quarter (7.7m), with 31% YoY growth.
During Q3, EveryMatrix was awarded the public tender for “Online Casino Games as a Service” to provide the Finnish state-owned gaming and lottery monopoly Veikkaus with a vast library of casino content, including the SlotMatrix Exclusive content.
Ebbe Groes, Group CEO of EveryMatrix, says: “I am pleased to see a fantastic third quarter, with global sales performance and very good financial results. Even more important, we won two new Tier-1 clients in the quarter, Veikkaus in Finland and bet-at-home in Germany and international markets.
“EveryMatrix launched with BetMGM in the U.S. and Morroco’s state-owned lottery MDJS. The Group’s record Gross Profit across all business segments clearly underlines our strong market position.”
KEY MILESTONES IN Q3
- Record traffic from clients on all products, surpassing a total of €100m GGR in September.
- Live in 18 regulated markets on its own RGS, with the addition of Argentina.
- The first U.S. client, BetMGM, went live with SlotMatrix, the Group’s casino content aggregator.
- 2 Tier-1 client wins: bet-at-home turnkey deal and Veikkaus public tender for “Online Casino Games as a Service”.
- Landmark launch with Morocco state lottery, MDJS.
- Launch of our first-ever Crypto Casino project.
- 14 New casino deals signed and 22 new client launches.
- 11 New sports client wins and 18 new affiliate platform deals signed.
- Secured market entry in Ontario.
In Q1 2022, the Company initiated a determined welfare support programme for its Ukrainian staff. During Q2 and Q3 2022, the Company offered continuous support to Ukrainian staff relocating abroad and large donations to supporting causes. At the period end, operations remain unaffected, and staff are now largely returning to Ukraine.
Powered by WPeMatico
Turnkey casino and sportsbook integration includes PAM, payments, affiliate tools and front-end development for Betsson’s Cameroon launch.
EveryMatrix said its platform technology is now live with Betsson Africa in Cameroon after completing a full turnkey casino and sports integration.
The supplier said it was selected via a competitive tender to deliver a bespoke platform package covering front-end development, casino, sports, player account management (PAM), payments and affiliate management.
Ebbe Groes, Group Co-CEO & Co-founder EveryMatrix, said: “Delivering a full turnkey platform solution for Betsson Africa reflects the strength and maturity of our technology and delivery capabilities in regulated environments, while reinforcing our commitment to the continent.
“Our focus is on supporting a stable and compliant launch in Cameroon and working closely with the Betsson team as the operation develops.”
Rony Richa, Commercial Director at Betsson Group, said: “This launch reflects a pragmatic approach by Betsson as we explore selected regulated markets. EveryMatrix was chosen for its proven technology, regulatory experience, and capability to support a structured and controlled rollout.”
The post EveryMatrix goes live with Betsson Africa platform rollout in Cameroon appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
EveryMatrix has obtained official licensing consent to provide its complete platform technology in South Africa, with its client pipeline quickly expanding throughout the continent and significant customer launches approaching.
EveryMatrix South Africa (EMSA) has obtained a manufacturer’s license from the Western Cape Gambling and Racing Board and is now permitted to offer its modular and turnkey platform solutions in sports, casino, player account management (PAM), payments, and affiliate management to top local and international operators.
The tier-1 technology provider has achieved considerable progress throughout Africa recently, collaborating with numerous local brands and finalizing agreements with several others set to launch in the upcoming months.
The purchase of FSB Technology has also given it additional access to South Africa and various other developed and developing iGaming markets on the continent.
An increasing number of major local and global tier-1 operators, as well as World Lottery Association member organizations in essential regulated markets, are choosing EveryMatrix’s turnkey platform technology.
Mark Schmidt, Managing Director, Africa, EveryMatrix, said: “Bringing our full suite of turnkey platform products into South Africa under our new licence is enabling us to power some of the biggest brands here, giving them access to technology that will instantly unlock their potential and drive market growth. In the coming weeks and months, we’ll be announcing some major deals so watch this space.
“Our casino, sports, PAM, payments, games and content aggregation and affiliate management solutions, supported by our local experts who understand their needs and challenges are providing an offering no one else has been able to offer so far in South Africa and across the continent.”
The post EveryMatrix gains South Africa licence with customer launch pipeline on the rise appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
The roll out follows a milestone year in 2025, when EveryMatrix’s sportsbook platform covered 2.45 million live betting events as it’s turnkey technology was selected by several Tier 1 operators including market leading Danish brand Danske Spil.
Tor Skeie, CEO, OddsMatrix, said: “Adding Pass The Stats to our turnkey sportsbook platform puts us in a stronger position for what promises to be a huge football betting year.
“In this World Cup year it’s essential we keep expanding our proposition to meet the needs of our growing tier-1 clients and their increasingly demanding end users.
“With Pass The Stats strengthening our sports betting offering, our sportsbook platform, processing over 1.5 million daily bets, becomes an ever more critical component of the EveryMatrix turnkey technology.”
EveryMatrix is exhibiting at ICE 2026 Barcelona between 19th to 21st January at stand 2Q50
The post EveryMatrix introduces Pass The Stats ahead of landmark football year appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
-
AGCO5 days agoAGCO Takes Enforcement Action Against Two Companies for Allowing Their Games on Unregulated Gaming Websites
-
Apple4 days agoIBJR hails App Store approval as a milestone in the fight against illegal betting in Brazil
-
AB Trav och Galopp5 days ago
Richard Woodbridge Elected to ATG Board of Directors
-
Caleta Gaming6 days ago
Caleta Gaming launches Cluster Cup high-volatility football-themed slot
-
game release5 days ago
Spinomenal adds Desperado Drifter Hold & Hit 3×3 to slot portfolio
-
apuestas deportivas4 days ago
¿Por qué Pix es central en la lucha contra el mercado ilegal de apuestas?
-
Brazil4 days ago
Esportes da Sorte campaign celebrates fans’ resilience in support of Brazil
-
Black Label4 days ago
Pragmatic Play signs Latam Agreement with Black Label
