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EveryMatrix Press Releases

OddsMatrix breaks EUR 1 billion turnover record for the year

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OddsMatrix breaks EUR 1 billion turnover record for the year
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Leading B2B iGaming provider EveryMatrix is delighted to announce EUR 1 billion turnover record in 2022 for its sports product solution, OddsMatrix.

On September 9, OddsMatrix achieved a new milestone, reaching EUR 1 billion turnover for the year. In 2021, turnover finished just below EUR 1b, so to break that milestone in Q3 2022 is a massive achievement. Even more, turnover in both August and September was up by 100% YOY.

This follows another OddsMatrix record which was announced at the beginning of the year when it surpassed the 100 million turnover mark per month in Q4 2021.

Ebbe Groes, Group CEO of EveryMatrix, says: “Another stunning accomplishment for OddsMatrix and EveryMatrix as a whole. We’ll likely be hitting EUR 200m turnover per month in Q4 2022. And the fast growth of volumes can be turned into even more feature investment, positively reinforcing the volume growth!”

2022 was a great year so far for OddsMatrix, signing important deals with Intralot in Morocco for MDJS (La Marocaine des Jeux & des Sports en Ligne) and the German brand bet-at-home. This year, EveryMatrix also acquired sports betting provider Leapbit to elevate its online-first OddsMatrix platform and expand its ecosystem with a mature retail product.

OddsMatrix is designed to provide all the necessary tools for operators to expand their sports business and increase profits. OddsMatrix is completely customizable, offering the freedom, support, and monitoring tools needed to drive betting engagement, improve product performance, and enhance sports and esports betting offerings.

EveryMatrix Press Releases

EveryMatrix maintains momentum in Q3 2022

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EveryMatrix maintains momentum in Q3 2022
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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.

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EveryMatrix inks new casino deal with KingMakers

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EveryMatrix inks new casino deal with KingMakers
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B2B iGaming platform provider EveryMatrix signed a new 3-year partnership with leading Nigerian sports and digital entertainment platform KingMakers trading as BetKing.

Through this new partnership, KingMakers’ BetKing brand will integrate CasinoEngine, EveryMatrix’s iGaming platform, giving Nigerian players access to an ever-growing library of premium content through a single integration.

CasinoEngine will be delivered with JackpotEngine and BonusEngine to boost the gaming experience through flexible jackpot customization tools and a variety of player reward features.

Stian Enger, CEO of CasinoEngine at EveryMarrix, says: “We’re very proud of the partnership with KingMakers, one of the biggest players in the Nigerian market. This is part of EveryMatrix’s ongoing mission to expand our reach and our first entry in the Nigerian region, which means that its players can finally enjoy the content we offer thanks to the integration with CasinoEngine, BonusEngine, and JackpotEngine.

Lauren Holder, Head of Gaming at KingMakers, adds: “We are delighted to be partnering up with such a respected and successful business like EveryMatrix to provide us with a plethora of content for our Nigerian customers. We know our 3-year partnership will ensure our customers are provided with the most exciting and engaging games, and the deal will continue to solidify our ethos of being the brand where Africa Plays.”

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EveryMatrix Press Releases

OddsMatrix breaks EUR 1 billion turnover record for the year

Published

on

OddsMatrix breaks EUR 1 billion turnover record for the year
Reading Time: < 1 minute

 

Leading B2B iGaming provider EveryMatrix is delighted to announce EUR 1 billion turnover record in 2022 for its sports product solution, OddsMatrix.

On September 9, OddsMatrix achieved a new milestone, reaching EUR 1 billion turnover for the year. In 2021, turnover finished just below EUR 1b, so to break that milestone in Q3 2022 is a massive achievement. Even more, turnover in both August and September was up by 100% YOY.

This follows another OddsMatrix record which was announced at the beginning of the year when it surpassed the 100 million turnover mark per month in Q4 2021.

Ebbe Groes, Group CEO of EveryMatrix, says: “Another stunning accomplishment for OddsMatrix and EveryMatrix as a whole. We’ll likely be hitting EUR 200m turnover per month in Q4 2022. And the fast growth of volumes can be turned into even more feature investment, positively reinforcing the volume growth!”

2022 was a great year so far for OddsMatrix, signing important deals with Intralot in Morocco for MDJS (La Marocaine des Jeux & des Sports en Ligne) and the German brand bet-at-home. This year, EveryMatrix also acquired sports betting provider Leapbit to elevate its online-first OddsMatrix platform and expand its ecosystem with a mature retail product.

OddsMatrix is designed to provide all the necessary tools for operators to expand their sports business and increase profits. OddsMatrix is completely customizable, offering the freedom, support, and monitoring tools needed to drive betting engagement, improve product performance, and enhance sports and esports betting offerings.

Continue Reading

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