EveryMatrix’s experiences strong financial performance in 2021

EveryMatrix's experiences strong financial performance in 2021

Today, leading iGaming technology and software provider, EveryMatrix, released its financial results report for the fourth quarter of 2021, along with results for the entire year.

The firm has showed very strong growth throughout last year, attributed to investing heavily in product and technology, allowing the brand to expand its footprint and launch new client brands.

At a time of uncertainty and caution, EveryMatrix continued its investment and hiring strategy, in which it has now been able to see some of the results and rewards of with strong financial performance.

During the fourth quarter, the provider was able to increase its operating profits by more than 25% to almost €14 million and increased gross profits for the entire 12 months of 2021 to more than €50 million, a rise of some 32% compared with the same period in the previous year.

According to reports, EBIDTA increased 23% in the fourth quarter of 2021 compared to the same quarter in the previous year, and the entire year EBIDTA was up by 65% compared to 2020, to almost €20 million.

During the course of the three month period, EveryMatrix’s OddsMatrix product hit more than €100 million per month in total wagers, a figure that was nearly double compared with the same period in the previous year.

Additionally, the firm carried out 10 CasinoEngine intergrations during the quarter and SlotMatrix RGS went live with 9 different partners, including Spearhead and Armadillo Studios, two of EveryMatrix’s own brands.

What’s more, by the end of the fourth quarter, SlotMatrix was available in 15 different regulated markets around the world and 18 new games were launched on the platform.

Furthermore, EveryMatrix has stated that it has made ‘key progress’ in the fourth quarter in the US market with investment and license obtaining in New Jersey, along with license applications in West Virginia and Michigan.

A key highlight for the iGaming tech provider was the signing of a games contract with leading online gambling operator Golden Nugget Online Gaming.

Ebbe Groes of EveryMatrix shared comments on the results and highlights, and outlined what it means for the provider moving forward:

I am delighted to report excellent results for the fourth quarter and 2021 as a whole in terms of strong gross profit and EBIDTA growth, onboarding of new clients, and deals signed.

We delivered this result despite the regulatory changes in Germany which have impacted the Casino segment significantly.

This achievement proves the positive effect of the bold leap EveryMatrix took when investing heavily in product and technology.

It has given us a strong, diverse and competitive product offering and the ability to attract new clients.

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