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EveryMatrix's annual gross profit rose by 26% for 2022

Updated:2024-03-31 08:28    Views:141

The report reveals the financial performance and gross profit was ahead of expectations across all business segments since its founding 15 years ago, including casino, sports and platform. It also achieved its second-largest signed contract along wi

  • The report reveals the financial performance and gross profit was ahead of expectations across all business segments since its founding 15 years ago, including casino, sports and platform. It also achieved its second-largest signed contract along with a promising sales pipeline and strong cash balance.

    With Germany excluded, group gross profit for the rest of the world soared by 43%, and by 113% between Q4 2020 and Q4 2022.

    Starting in March of 2022, each month's gross profit results increased, with November recording the first €6m and December the first €7m.

    Additionally, the business closed 149 new deals worth over €25m, including 14 turnkey,Online Casino Games 18 tier-1 and 7 US contracts.

    Furthermore, quarterly EBITDA soared 81% to €6.9m and annual EBITDA/gross profit margin was 36%.

    Ebbe Groes, Group CEO of EveryMatrix, said: “This could not have been achieved without the effort, expertise and energy that our teams and individuals across multiple global locations have consistently shown throughout 2022. A very special mention to our friends and colleagues in Ukraine who we are committed to unconditionally supporting at all costs.”

    Meanwhile, a significant tier-one victory for the OddsMatrix team during the final quarter of 2022 was of particular significance for the sports category.

    To win the contract to supply the Hungarian lottery company Szerencsejáték with an end-to-end suite of cutting-edge digital sports betting software solutions and services for its online brand TippmixPro, EveryMatrix defeated 25 other competitors.

    The casino segment reported another record quarter with a record gross profit of €8.9m, 43% growth.



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