EveryMatrix has reported strong trading throughout 2022, closing the year with gross profit of €65m [$71m], driven by ‘significant growth’ across both its sports and casino segments.
Year end revenue rose by 26% year-on-year from €51.3m, whilst quarterly trading was also positive, having increased by 39% YoY to €19.4m, whilst annual EBITDA stood at €23.3m.
This marked an overall full year EBITDA increase of 23% YoY, with a margin of 36%, whilst the figure for the final quarter was €6.9m, rising 81%.
Germany proved to be a slight burden for the firm, which noted that yearly profit rose by 43% year-on-year when this market was excluded, with restrictions on casino operations in the newly regulated sector cited as impacted performance.
