EveryMatrix has reported a robust start to 2025, posting significant year-on-year growth in both revenue and profitability across its igaming operations. The company generated €54 million in net revenue during the first quarter, representing a 39% increase compared to Q1 2024. EBITDA rose to €28 million, up 27% year-on-year, maintaining a margin of 52%—marking the eighth consecutive quarter above the 50% threshold.
Key performance drivers included expanded activity from existing clients and new product launches across sports, casino, and platform services. Over the last twelve months, EveryMatrix achieved €107 million in EBITDA, reflecting a 50% increase over the previous period.
In sports, turnover for the quarter totalled €1.7 billion, up 30% year-on-year, while gross gaming revenue reached €154 million, a 60% increase. Live sports coverage also expanded significantly, with nearly 600,000 events streamed, a 24% rise compared to the prior year.
Casino operations reported a record quarter, with net revenue of €28.6 million, a 44% increase. Casino gross gaming revenue reached €753 million for the quarter and €2.9 billion over the last twelve months. EBITDA from casino operations totalled €16.8 million, up 29% year-on-year.
The company’s platform division, GamMatrix, saw revenue rise 18% to €8.6 million, although EBITDA declined 23% to €2.4 million, attributed to changes in internal revenue allocation.
During the quarter, EveryMatrix completed the migration of UK operator Bet600 from FSB Technologies and launched a proprietary horse racing solution through its OddsMatrix product line. The company also signed a full platform deal with SkyCity Entertainment Group, marking a major entry into the Australasian market.
Additional developments included expanded content distribution via SlotMatrix with Caesars Entertainment across five U.S. states, and the integration of 14 new casino content providers, bringing the total to more than 345 across 185 vendor relationships. New client wins and feature releases across its PartnerMatrix and PlayMatrix products further underscored the company’s cross-vertical strategy.
EveryMatrix continues to target operational scalability, with a focus on expanding its footprint in regulated markets and delivering tailored, data-driven igaming solutions to operators globally.
Ebbe Groes, Group CEO of EveryMatrix, said: “I’m very excited for 2025. Q1 was a solid quarter, a great start, and the rest of the year looks just as promising. We had a phenomenal year in 2024, which will be hard to beat, but thanks to the momentum we’ve set in motion during the last few years, I’m sure we’ll be able to do it.
“Our sports division never ceases to amaze me, breaking record after record. This quarter, we managed to reach 600,000 live events, all thanks to our ability to expand our coverage and add new products and features even while experiencing this much continuous growth.”
