EveryMatrix, a prominent supplier of iGaming software, has made a significant impact in the industry with its financial results for the fourth quarter and full year of 2023. The company reported record-breaking revenue, demonstrating impressive growth in comparison to previous years since its establishment in 2008. The annual revenue for 2023 reached an outstanding €114 million, marking a 75% increase from the previous year.
The remarkable financial performance can be attributed to the continuous enhancement of technological developments and the delivery of top-notch services to over 300 clients globally. EveryMatrix’s expansion of offerings and revenue growth through various verticals, such as the acquisition of the iGaming data-tracking platform DeepCI, has contributed to its success. Furthermore, the launch of a new live casino vertical, PlayMatrix, has enabled the company to diversify its product portfolio.
The company’s casino business unit experienced substantial growth, with a quarterly gross gaming revenue of €588 million and an annual gross gaming revenue of €1.9 billion in 2023. Additionally, the sports betting vertical, OddsMatrix, reported a significant increase in gross revenue and handled 75% more bets than in 2022.
Ebbe Groes, the Group CEO of EveryMatrix, expressed his excitement over the company’s extraordinary financial results, stating, “Every business unit and every one of our employees has contributed to a stellar set of financials proving we really are among, if not, the industry’s fastest growing iGaming technology supplier.” Groes also highlighted the company’s expansion plans for the future, including the development of new technologies, innovations, and the addition of new tier-1 customers.
With a promising outlook for 2024 and beyond, EveryMatrix is poised to continue its growth trajectory and solidify its position as a leader in the global iGaming industry.