Driven by acquisitions and strong performance in sportsbook and casino operations, EveryMatrix achieved record financial results in 2024, with its EBITDA rising 70% year-on-year.
Key points:
- 2024 revenue reached €181m, a 59% year-on-year increase; EBITDA grew to €101m, up 70%
- Fourth-quarter net revenue hit €55m, a 51% increase
- FSB Technology and Fantasma Games acquisitions strengthened sportsbook and casino offerings
EveryMatrix closed 2024 with record-breaking financial performance, reporting €181m ($186m) in annual net revenue, a 59% year-on-year increase and €101m in EBITDA, reflecting a 70% rise.
This performance was reportedly bolstered by sportsbook and casino growth, significant acquisitions and market expansion efforts. The company also achieved €55m in fourth-quarter revenue, a 51% increase.
The company’s OddsMatrix sportsbook platform saw a 73% rise in betting volumes for the year, contributing to a 135% increase in gross gaming revenue (GGR) to €448m. Quarterly sportsbook turnover climbed 50% to €1.9bn, with Q4 GGR reaching €160m, up 115%.
The casino division delivered a 13th consecutive record quarter, generating €2.8bn in GGR for operator partners in 2024, a 49% rise.
Strategic acquisitions further fueled this growth. FSB Technology, acquired in July, added 14% GGR to the sportsbook division while doubling the OddsMatrix trading and quants teams.
Fantasma Games, integrated in October, contributed 45 new titles to EveryMatrix’s in-house games portfolio. Both acquisitions were fully funded from cash flow and EveryMatrix remains debt-free.
Good to know: SlotMatrix, the company’s aggregation platform, added 1,145 new games during Q4, boosting its total library to over 175 vendors.
EveryMatrix also marked milestones in market expansion, launching in West Virginia with BetMGM and Rush Street Interactive (RSI). This deployment follows successful entries into New Jersey and Michigan and leverages the company’s SlotMatrix platform.
EveryMatrix’s Q3 2024 performance saw a 66% revenue increase, driven by acquisitions and enhanced sportsbook capabilities. With licences now in six North American jurisdictions, including Ontario and Pennsylvania, EveryMatrix continues to expand its presence in regulated markets.
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