EveryMatrix winning streak continues as casino record broken again in Q3

EveryMatrix winning streak continues as casino record broken again in Q3

Article brief provided by iGaming Business
  • Richard Mulligan, iGaming Business
November 7, 2023 8:10 PM
  • Richard Mulligan, iGaming Business

EveryMatrix generated record net revenue in its latest trading period with huge gains across both its casino and sports verticals.

EveryMatrix saw revenue up 79% year-on-year to €60m ($64.2m) during the three months to 30 September. Net revenue reached a record €27.2m, which was up 62%, and with a three-year CAGR of 47%.

The technology supplier’s success was driven by strong growth across business segments. It was yet another record quarter for casino, with operator clients generating €463m in gross gaming revenue (GGR), up 77%. Sports turnover surged by 85% to €810m, and GGR increased by 26%. This is despite headwind from exchange rate effects, sports results and increased odds promotion from its large clients.