Interactive
Romania – EveryMatrix sees its third quarter jump by 46 per cent
By Phil - 14 December 2021
EveryMatrix generated gross profit of €12.6m in Q3 2021, marking an increase of 46 per cent compared to the same period last year. For the first nine months of 2021, gross profit increased by 35 per cent year-on-year to €37.6m. in the first nine months of 2021 (Q1 to Q3).
EBIDTA also shows strong development and amounted to €4.4m, an increase of 12 per cent compared to the same period last year. For the first nine months of 2021, EBITDA increased by 77 per cent year-on-year to €14.8m.
Ebbe Groes, Group CEO of EveryMatrix, said: “The strong financial performance this quarter confirms our ability to deliver on the growth strategy we have set out. In the Casino segment, we saw a significant impact of the regulatory changes in Germany, where EveryMatrix is particularly strong. But the diversity of our client base as well as our well-balanced product portfolio means that this nine-month period is still strongly up on the year before.”
In Q3 2021, EveryMatrix continued to expand its presence in the new US market through multi-state casino content agreements with Resorts Digital Gaming and Kindred Group. EveryMatrix has also increased its payments capabilities by entering partnerships with PXP Financial and Nuvei.
“Our expansion plan for the highly attractive US market is progressing very well. We now have an office, an experienced team, a pipeline that is delivering sales, and we continue to advance with the licensing process.” continued Mr. Groes.
The group has continued to launch several new product initiatives, amongst them a significant upgrade to its OddsMatrix Sports Betting Data Solution, allowing clients to fully control and define their own odds and payout levels.
To further support its customers, the company has launched Managed Services. This new division provides 360° marketing and operational support, enabling operators to capitalise on opportunities, improve their brand performance and win market share.
In the third quarter, the Group completed the restructuring of its Platform division, leading to reduced operating costs and increased effectiveness.
On the commercial side, a major milestone was reached when a new Tier-1 client in the regulated Greek market, winmasters, was migrated to EveryMatrix’s full product suite: Casino, Sports, and Platform.
“We continue to expand footprint by attracting Tier-1 clients through our compelling product offering consisting of highly scalable and modular software platforms and solutions. A key part of our growth strategy is to have a well-balanced portfolio comprising our three business segments, Casino, Sports, and Platform. This mix enables us to have a healthy split of revenues. The importance of this strategy is clearly demonstrated by this quarter’s results,” Mr. Groes added.
