EveryMatrix set a record financial performance in 2024, reporting an annual net revenue of 181 million euros (186 million USD), a 59% increase year-over-year, with an EBITDA of 101 million euros, up by 70%.
According to reports, this performance was driven by growth in sports betting and casino operations, significant acquisitions, and market expansion efforts. The company's revenue for the fourth quarter also reached 55 million euros, a 51% increase.
The company's OddsMatrix sports betting platform saw a 73% increase in total betting volume for the year, with the Gross Gaming Revenue (GGR) growing by 135% to 448 million euros. The quarterly sports betting turnover increased by 50%, reaching 1.9 billion euros, with the fourth quarter GGR at 160 million euros, up by 115%.
The casino sector set a record for the 13th consecutive quarter, generating a total gaming revenue of 2.8 billion euros for operator partners in 2024, a 49% increase.
Strategic acquisitions further fueled this growth. The acquisition of FSB Technology in July added 14% to the sports betting sector's total gaming revenue, while the OddsMatrix trading and quant team doubled in size.
The integration completed in October of Fantasma Games contributed 45 new games to EveryMatrix's internal game portfolio. Both acquisitions were fully funded by cash flow, and EveryMatrix remains debt-free.
Notably, the company's aggregation platform SlotMatrix added 1,145 new games in the fourth quarter, bringing its total library to over 175 suppliers.
EveryMatrix also partnered with BetMGM and Rush Street Interactive (RSI) to launch products in West Virginia, marking a milestone in its market expansion. This deployment followed successful entries into New Jersey and Michigan using the company's SlotMatrix platform.
EveryMatrix's performance in the third quarter of 2024 was strong, with a 66% revenue increase, benefiting from acquisitions and enhanced sports betting capabilities. EveryMatrix has now obtained licenses in six North American jurisdictions, including Ontario and Pennsylvania, continuing to expand its influence in regulated markets.
