EveryMatrix announced its financial results for the first quarter of 2025, showing growth in all core business segments.
The supplier's net revenue for the quarter reached 54 million euros ($57.8 million), a 39% increase year-over-year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 28 million euros, up 27% from the same period last year. The EBITDA margin was 52%, exceeding 50% for the eighth consecutive quarter.
Operational highlights include the migration of Bet600 to the EveryMatrix platform. Additionally, a proprietary horse racing solution was launched, developed in collaboration between the FSB racing team and EveryMatrix's OddsMatrix division. This product offers event coverage and includes system betting features, reward tools, and live streaming capabilities.
EveryMatrix signed an agreement to provide a complete casino platform for SkyCity Entertainment Group. SkyCity operates physical casinos in New Zealand and Australia and will migrate its online brand SkyCitycasino.com to EveryMatrix later this year.
The sports division saw a 30% year-over-year increase in turnover, reaching 1.7 billion euros; total gaming revenue (GGR) grew by 60%, reaching 154 million euros. Net revenue from casino operations was 28.6 million euros, a 44% increase compared to the previous year.
EveryMatrix employs over 1,400 people across 15 countries/regions, serving more than 300 clients.
Ebbe Groes, CEO of EveryMatrix Group, said: "I am very optimistic about 2025. The first quarter showed solid performance and a good start, and I am equally hopeful about the performance for the rest of the year.
Our sports division always surprises me, continually breaking records. This quarter, we successfully streamed 600,000 live events, thanks to our ongoing rapid growth, expanding coverage, and continuous introduction of new products and features.
This initiative follows the appointment of Marc Burroughes as Chief Commercial Officer for Casino and the opening of a new office in London.
