Igaming and sports betting provider EveryMatrix has published its second quarter financial update, recording all-time high quarterly profit margin and net gaming revenue figures.
EveryMatrix collected €42.4 million ($46.1 million) in NGR across all products in the second quarter, marking a 57 percent increase from the same period last year. At the same time, profit margin hit 59 percent, another all-time high. EBITDA also was up 67 percent year-on-year, reaching €25.1 million ($27.3 million).
The quarter was driven by continued growth in its core casino and sportsbook business units, favorable sports trading margins and significant customer launches. During the quarter, EveryMatrix brought its online casino content to New Jersey and Michigan in partnership with Golden Nugget. Plus, the company’s sports betting provider OddsMatrix reached a record 176,000 live events in a single month, and Mihnea Dobre was promoted to Group Chief Technology Officer.
Recently, EveryMatrix has been setting new records every quarter. It reported a record €39 million ($42.4 million) in NGR during the first quarter and €36 million ($39.1 million) in the quarter prior, which also broke the record at the time.
“It’s difficult to know what to say when our results just keep getting better and better,” Ebbe Groes, Group CEO of EveryMatrix, said in a press release. “What is evident is that it’s been our best ever period of sustained growth and that the EveryMatrix effect is benefiting not just the business, but also crucially our customers, ensuring they continue to break their own records month after month.”
