Strong start for EveryMatrix in Q1 2025, as reported by the company.
EveryMatrix's Unstoppable Growth
EveryMatrix, the leading iGaming tech platform provider, revels in another impressive quarter, raking in €54m in net revenue - a staggering 39% increase year-on-year! Their EBITDA also took flight, reaching €28m, marking a 27% year-over-year increase, according to recent reports.
EveryMatrix’s Impressive Q1 Results
EveryMatrix is on a roll, and it's all thanks to their innovative products and strategic partnerships. Their Q1 2025 success follows a phenomenal 2024 and promises even more growth for the rest of the year. The company boasted a strong EBITDA margin of 52%, maintaining eight consecutive quarters above the 50% mark.
Strategic Moves and Integrations
One of EveryMatrix's smart moves was the all-cash acquisition of FSB Technologies, an oddsmaker. They've already started leveraging FSB Technologies’ technology, migrating Bet600 in the UK and planning to migrate all clients by the end of 2025 to capitalize on cost synergies.
Moreover, EveryMatrix unveiled its Horse Racing solution, tapping into FSB Technologies’ established expertise in the vertical. This comprehensive betting solution offers global horse racing coverage and advanced features.
Expanding Their Horizons
In the UK, EveryMatrix is focusing on strengthening its presence by strategic integrations, as seen with Bet600. They've also formed partnerships with SkyCity Entertainment Group in New Zealand and LeoVegas Group to boost their global offerings.
Looking to the US, EveryMatrix's wide-ranging strategies and diverse product offerings position them well for future opportunities in growing markets.
Innovation at Its Best
EveryMatrix is pushing the boundaries in product innovation, too! They're expanding their live dealer offerings, launching new blackjack tables under the PlayMatrix brand, and more are on the way.
Ebbe Groes, EveryMatrix's Group CEO, is confident about the future, remarking, "I'm excited for 2025. We had a fantastic Q1, and the rest of the year looks just as promising. It'll be a challenge to beat our 2024 growth, but with the momentum we've built over the last few years, I'm sure we'll manage."
EveryMatrix's latest quarter of growth is just the tip of the iceberg, as they continue to innovate, acquire, and collaborate to maintain their strong market position and conquer new horizons.
- EveryMatrix, a leading iGaming tech platform provider, continued its impressive growth in Q1 2025, recording a €54m net revenue, a 39% increase year-on-year.
- The company's EBITDA also grew significantly, reaching €28m, marking a 27% year-over-year increase, as reported.
- EveryMatrix's strategic move to acquire FSB Technologies, an oddsmaker, has proven beneficial, as they are beginning to leverage FSB Technologies’ technology to migrate clients.
- The company has also launched its Horse Racing solution, capitalizing on FSB Technologies’ established expertise in the vertical.
- To further expand its global offerings, EveryMatrix has formed partnerships with SkyCity Entertainment Group in New Zealand and LeoVegas Group, positioning themselves well for growth in new markets like the US.
