EveryMatrix has reported a substantial increase in revenue for Q1 2025, showcasing a 39% year-on-year growth. The company’s sports segment has shattered previous records, underlining its strong performance amidst other mixed results.
Key Points
- Q1 2025 net revenue reached €54m, a 39% increase YoY.
- Total top line revenue was €101m (£86m), reflecting a 27% YoY rise.
- Casino segment net revenue surged by 44% YoY to €28.6m.
- Sports segment net revenue climbed 50% YoY to €15.8m.
- Record number of live events in the sports sector approached 600,000.
- PartnerMatrix, the affiliate platform, reported a 4% drop in net revenue to €1.3m.
- CEO Ebbe Groes expressed optimism for sustaining growth throughout 2025.
Content Summary
In Q1 2025, EveryMatrix announced a net revenue of €54m, marking a remarkable 39% growth from the previous year. The overall revenue reached €101m, with the company’s EBITDA rising by 27% to €28m. Although the EBITDA margin slightly decreased from 57% to 52%, this was attributed to investments in casino content.
Casino revenue grew impressively, while the sports division experienced “exceptional growth,” with net earnings soaring 50% to €15.8m. Notably, the company’s sports partners collectively produced a turnover of €1.7bn, a 30% increase YoY. The EveryMatrix platform also processed close to 600,000 live events and 160 million total bets during the quarter.
However, the affiliate platform, PartnerMatrix, showed disappointing trends, with revenue dropping to €1.3m and posting an EBITDA loss. Looking ahead, EveryMatrix CEO Ebbe Groes remains hopeful for continuing this positive momentum into the rest of the year.
Why should I read this?
If you’re in the gaming or sports betting industry, this article is a must-read. It highlights a significant player’s impressive growth in a competitive market, particularly their groundbreaking achievements in the sports segment. You’ll get insight into key financial trends and strategic decisions that can inform your own business choices or keep you ahead of industry trends. Plus, who doesn’t want to know when a company is breaking records left and right?
