EveryMatrix achieved historic quarterly and annual financial results, with record revenues, its highest growth to date, and increasing profitability. The company's expansion accelerated significantly over the last five years, but the fourth quarter of 2024, combined with the full-year results, set records with the best quarter in its history, a record annual net revenue of €181 million (up 59% YoY), EBITDA of €101 million (growth of 70% YoY), and a seventh consecutive quarter with a profit margin above 50%.
These results were driven by large-scale client launches, new deals, and the continued and accelerated growth of the main business units of sports and casino, reinforced by robust sports betting margins.
In the fourth quarter of 2024, EveryMatrix achieved a record net revenue of €55 million across all products, an increase of 51% YoY. The quarter's EBITDA was €30 million, a growth of 49% YoY.
The company was strengthened in 2024 by two acquisitions: FSB Technology in July, and Fantasma Games in October. Both teams and products were integrated and are already contributing to the group's revenues and strategies in the areas of sports betting platform development and gaming content. Both transactions were cash deals and fully financed by cash flow, keeping the company debt-free.
The best 12 months in the company's history
The EveryMatrix group celebrated its biggest and best year in 2024, with record performance across all its product verticals, signing and delivering contracts with the largest clients in its history, including its first omnichannel deal with Arena Casino.
The company closed two M&A transactions, was selected first in several large-scale public tender processes, and surpassed the 1,000 employee mark, reaching 1,300 team members.
EveryMatrix also received seven major industry awards, including multichannel supplier, casino supplier, and aggregator of the year.
Highlights of the fourth quarter of 2024 and the full year:
-Record net revenue: €55 million for the quarter, up 51% YoY; annual revenue of €181 million, growth of 59% YoY.
-Record EBITDA: €30 million for the quarter, up 49% YoY; total annual EBITDA of €101 million, an increase of 70% YoY.
-Integration of Fantasma Games: immediately contributing to the group's revenues after the integration and migration of FSB Technology's clients within schedule.
-Record year for OddsMatrix: with betting volume, margins, live events, and betting volumes at historic levels.
-Expansion in the USA: BetMGM and Rush Street Interactive launched SlotMatrix's in-house content in West Virginia.
-GLI-19 and GLI-33 certifications: obtained for the main platform products.
-Social initiative: Launch of the "Academy for Heroes," a social project funded in Ukraine to empower war veterans in IT careers.
-Team growth: an increase of 41% in the number of employees, totaling 1,300.
Ebbe Groes, CEO of the EveryMatrix group, commented: "The timing of our results could not be better, as the industry gathers at the biggest event of the year, ICE. I am proud of all our achievements in 2024, especially in sports, where OddsMatrix has undergone an incredible period of growth. This is a testament to how solid its architecture is."
For more information, visit www.everymatrix.com.
Source: GMB
