EvenBet Gaming Exceeds Expectations with 37% Growth in Q1 Revenue
EvenBet Gaming, a reputable developer of online gaming software and solutions, has surpassed expectations in the first quarter of 2024, achieving a remarkable 37% year-on-year revenue growth. This impressive performance can be attributed to a combination of strategic initiatives within the customer success department and the successful launch of new projects alongside the continued success of existing clients.
During the quarter, EvenBet witnessed a substantial increase in active players globally, with a notable 40% year-on-year rise, resulting in a total of 42 million players. The company also expanded its global workforce by welcoming 21 new team members, paving the way for further internal growth and development.
A significant highlight of the quarter was the successful launch of Betplay’s new digital poker offering in Colombia, further solidifying EvenBet’s presence in the region. Additionally, partnerships with sports betting operators Apuesta Total and Aposta.la in Peru, along with the continued growth of the Argentina-based network LatPoker, powered by EvenBet Gaming software, contributed to the company’s expanding footprint in Latin America.
Demonstrating a commitment to innovation, EvenBet introduced five new software updates during Q1, featuring major enhancements such as the integration of the Pinnacle sportsbook and the addition of Gamzix games to its casino portfolio. Furthermore, a new tournament lobby design and the integration of Google Analytics 4 functionality into its client software have enhanced the company’s backend capabilities, ensuring a seamless user experience.
Notable achievements during the quarter also included the release of EvenBet’s latest E-book titled ‘Core iGaming Trends and Challenges in 2023’ and the company’s significant presence at ICE London in February, marking its largest ever participation at the renowned industry event.
With its strong performance in Q1, EvenBet Gaming is poised for continued success and remains on track to achieve its ambitious target of 30% annual revenue growth.
Dmitry Starostenkov, CEO at EvenBet Gaming, said: “Reflecting on our performance in Q1, we are thrilled to see our strategic initiatives yielding such impressive results.
“The substantial revenue growth, coupled with the extension of our team and upcoming launch into the African market, underscores our continued commitment to delivering top-tier gaming experiences and solutions, and we will continue to strive for success throughout 2024.”
