EveryMatrix continues its impressive growth in Q3 2024, setting new records in revenue and profit margins.
Highlights of EveryMatrix’s Q3 2024 success:
- EveryMatrix’s quarterly net revenue reached a record €45 million, a 66% increase YoY. EBITDA margin remained strong at 52%, with EBITDA totaling €23 million, up 71% YoY. This is the sixth consecutive quarter with a profit margin above 50%.
- Two significant acquisitions, FSB Technology and Fantasma Games, contributed to growth in sports and casino segments. FSB added 15% revenue to the sportsbook business, and Fantasma expanded casino offerings with popular titles.
- Within the casino division, GGR for operator partners rose by 53% YoY to €709 million (net revenue was €23.8 million; YoY +78%). The SlotMatrix product introduced 970 unique games this quarter, increasing the aggregator’s vendor partnerships to over 170 globally.
- The OddsMatrix sportsbook saw a turnover increase of 87% YoY to €1.5 billion in Q3 (net revenue was €11.7 million; YoY +85%). The quarter also set records for live events and betting volume, with 530k events and 132 million bets placed, up 225% YoY.
- EveryMatrix’s platform division reported a 30% increase in net revenue, reaching €8.1 million in Q3. The GamMatrix PAM system processed 400k bets per minute at peak times, with successful payment transactions rising by 91% YoY to €4.4 billion.
- The Affiliate division grew to 82 active clients, marking an 11% increase QoQ, though EBITDA saw a slight decrease due to investment in product development.
