EveryMatrix posts 46% increase in gross margin in Q3 2021


EveryMatrix recorded €12.6 million ($14.2 million) in gross profit for the third quarter of 2021, an increase of 46% compared to the same period last year.

B2B provider iGaming has released its interim financial report, covering the first nine months of 2021. For the period ended September 30, EveryMatrix saw its gross profit increase 35% year-on-year to €37.6 million, in part through expansion into the US market.

Through multi-state casino content deals with Resorts Digital Gaming and Kindred Group, the provider was able to grow its North American footprint in the third quarter. EveryMatrix has also received a boost to its payment capabilities through partnerships with PXP Financial and Nuvei.

Its EBITDA for Q3 increased by 12% to €4.4m, and by 77% to €14.8m for the first nine months of 2021.

“The strong financial performance this quarter confirms our ability to execute on the growth strategy we have set out,” said Ebbe Groes, CEO of EveryMatrix Group.

“Our expansion plan in the very attractive US market is progressing very well. We now have an office, an experienced team, a pipeline that generates sales and we continue to move forward in the licensing process. »

In addition to its growth in the United States, the group launched several new product initiatives, including an upgrade to its OddsMatrix sports betting data solution. EveryMatrix also added a new division, Managed Services, to provide marketing and operational support.

Groes concluded, “A key part of our growth strategy is to have a well-balanced portfolio comprising our three business segments: casino, sports and platform.

“This mix allows us to have a healthy distribution of income. The importance of this strategy is clearly demonstrated by this quarter’s results.


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