Strong first-quarter earnings reported by EveryMatrix.
🔥EveryMatrix Rocks Q1 2025 with Unprecedented Growth🔥
Here's the scoop on the iGaming technology powerhouse's stellar Q1 performance:
EveryMatrix, the top-tier iGaming platform supplier, has roared into 2025 with a FIRST QUARTER FOR THE AGE, boasting a whopping 39% YoY net revenue growth and a jaw-dropping 27% YoY EBITDA increase! Net revenue hit €54 million, and EBITDArocketed up to €28 million. The company's steadfast financial discipline continues to shine, with an EBITDA margin of 52%—an impressive eighth consecutive quarter above the 50% mark!
Last year was a BLOCKBUSTER, with €107 million in EBITDA, a 50% YoY surge. And you won't believe this—2024 was the year EveryMatrixsailed past the €100 million EBITDA milestone!
🏆 A POWERHOUSE YEAR AHEAD 🏆
Q1 2025 put a serious spin on the throttle! The successful Bet600 migration to the EveryMatrix platform signaled a win—the first of many full turnkey FSB Technologies clients in the UK to join the EveryMatrix family. The company aims to have all clients fully migrated in 2025, earning considerable cost savings from this KEY acquisition.
A groundbreaking Horse Racing solution emerged, born from the fusion of FSB's time-tested knowledge and expertise with the innovative minds of OddsMatrix development teams. This cutting-edge solution delivers global horse racing coverage, extensive bet configurations and bonusing capabilities, and a purpose-built front-end packed with rich racecard content and seamless live streaming integrations.
A landmark deal inked with SkyCity Entertainment Group, New Zealand's largest entertainment company, promised the delivery of a full casino turnkey platform solution. SkyCity currently operates five land-based casinos across NZ and Australia, and their online casino brand, SkyCitycasino.com. The migration from their current provider to EveryMatrix is slated for later this year.
🎉 SPORTS SEGMENT BRINGS THE HEAT 🎉
The company's sports division swept Q1 2025 off its feet, WITH QUARTERLY SPORTS TURNOVER RISING 30% YoY TO €1.7 BILLION AND GGR SOARING 60% YoY TO €154 MILLION—THANKS TO STRONG TRADING MARGINS! Last twelve months (LTM) turnover reached €6.3 BILLION, UP 48%, and GGR skyrocketed 92% YoY to €505 MILLION. Part of the growth came from reaching a record 24% YoY increase in live events, hitting nearly 600,000!
🎰 CASINO DELIVERS THE STRONGEST QUARTERLY FINANCIAL RESULTS TO DATE 🎰
Net revenue in the casino segment climbed 44% YoY to €28.6 million, while EBITDA reached €16.8 million, UP 29% YoY. GGRsoared 22% YoY to €753 MILLION! The LTM stood at €2.9 BILLION, a 38% YoY increase.
🎲 GamMatrix: A Mixed Bag 🎲
GamMatrix, EveryMatrix's Gaming and Player Account Management Platform, experienced a net revenue increase of €8.6 million, UP 18% YoY, but EBITDA dipped by 23% YoY to €2.4 million. The decrease in EBITDA margin is related to a change in internal revenue allocation.
Ebbe Groes, EveryMatrix's Group CEO, shared his excitement about the year ahead: "The start of 2025 was a solid quarter, a great kick-off, and the rest of the year looks just as promising.
"Our sports division never fails 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."
🏆 Q1 2025 HIGHLIGHTS 🏆- Net Revenue: €54 million, up 39% YoY, with EBITDA at €28 million, up 27% YoY.- Migrated Bet600: From FSB to EveryMatrix platform, marking the first migration.- New Horse Racing Product: Went live, blending FSB's expertise with OddsMatrix's development prowess.- SkyCity Entertainment Group deal: Signed to deliver a full casino turnkey platform solution.- Live Dealer Expansion: First three dedicated blackjack tables introduced for PlayMatrix live dealer product.- LeoVegas Group Enhancement: Launched OddsMatrix feeds for their global sportsbook offering.- Norsk Tipping Win: Won the Casino and eInstant RFP, the largest-ever SlotMatrix deal, delivering aggregation, in-house and bespoke content.- U.S. Presence Expansion: Launched SlotMatrix casino content with Caesars Entertainment across five U.S. states (post-quarter).- New Odds Models: Introduced for Football and Handball; enhanced retail Self Service Betting Terminals (SSBTs).- Real-Time Rakeback: Launched via new LoyalityEngine, the company's cross-vertical loyalty program.- New Casino Vendors: Integrated 14 new vendors, now totalling 185+ and 345+ content providers.- New PartnerMatrix Clients: Inked deals with 20 new clients.
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- EveryMatrix's sportsbook division documented a 30% year-on-year increase in quarterly sports turnover to €1.7 billion, and a 60% year-on-year surge in GGR to €154 million, making Q1 2025 a profitable period for the sports segment.
- The company aims to leverage the key acquisition of FSB Technologies clients from the UK by migrating all clients to the EveryMatrix platform, anticipating considerable cost savings in 2025.
- EveryMatrix collaborated with FSB to launch a groundbreaking Horse Racing solution, offering extensive global horse racing coverage, multiple bet configurations, and a front-end packed with rich racecard content and seamless live streaming integrations.
- In technology news, EveryMatrix signed a landmark deal with SkyCity Entertainment Group for the delivery of a full casino turnkey platform solution, scheduled for later this year.
