Summary
- EveryMatrix has experienced growth in all its product categories.
- The company has already utilized FSB Technologies' expertise in the UK.
- EveryMatrix is actively progressing in both new and existing markets.
EveryMatrix reports on the latest strong core results
The firm's EBITDA has been on a positive trajectory, reaching €28 million—a 27% increase compared to the previous year—thanks to several contributing factors. EveryMatrix has experienced consistent growth, which enabled it to successfully acquire FSB Technologies, an oddsmaker, in an all-cash transaction. The company has already utilized this acquisition by migrating Bet600 in the United Kingdom to its technology platform. Additionally, EveryMatrix introduced its Horse Racing solution, leveraging FSB Technologies' proven expertise in this sector. In its pursuit of further growth, EveryMatrix secured agreements with New Zealand’s SkyCity Entertainment Group and launched the OddsMatrix feeds with the LeoVegas Group to enhance its global sportsbook offerings. The company also introduced its first three dedicated blackjack tables, with additional ones being prepared for its PlayMatrix live dealer product, as part of its aggressive expansion across all current verticals. Ebbe Groes, Group CEO of EveryMatrix, commented on these developments:
Multiple opportunities await as EveryMatrix’s divisions perform strongly
SlotMatrix has recently achieved significant success, launching its solution with Caesars Entertainment across five U.S. states just as iGaming is becoming increasingly pivotal in the region's gaming operations. Although the deal was finalized after the quarter ended, it was still highlighted in the report. In the first quarter, the company's sports division experienced substantial growth, with sports turnover rising by 30% to €1.7 billion and gross gaming revenue increasing by 60% to €154 million. Overall, EveryMatrix has reported another quarter of consistent growth with no signs of slowing down.
