EveryMatrix, a fast-growing supplier of iGaming solutions, released its trading update for the third quarter of 2023. The report, which was released on Tuesday, revealed the company’s strong performance from July to September, indicating record growth.

In the third quarter of this year, EveryMatrix reported net revenue of €27.2 million ($29 million). This represents a significant increase of 62% compared to the same period in 2022. The company also saw its EBITDA for Q3 soar to €14 million ($14.9 million), reflecting a remarkable 113% year-over-year increase. EveryMatrix noted that this is the third time its net revenue growth has exceeded 50%. Additionally, the company’s revenue for Q3 2023 reached €60 million ($64 million), a notable 79% increase compared to the same period in 2022.

Despite facing “headwinds from exchange rate effects,” EveryMatrix reported casino gross gaming revenue of €463 million ($493.9 million) in Q3, a significant 77% year-over-year increase. The company’s sports turnover also experienced a tremendous surge of 85%, reaching €810 million ($864 million). GGR for the sports segment increased by a solid 26% despite similar exchange rate challenges.

These exceptional results confirm EveryMatrix’s position as the fastest-growing provider of iGaming content, technology, and solutions. Moreover, the company has achieved consecutive quarters with profit margins exceeding 50%.

Earlier this month, EveryMatrix secured a collaboration with Szerencsejáték Privately Held Company Limited (SZRT), the entity responsible for the national lottery in Hungary. Following a competitive tender, EveryMatrix was chosen to power the lottery’s TippmixPro brand with its betting services and solutions.

Ebbe Groes, the group CEO of EveryMatrix, expressed his enthusiasm for the latest results and attributed them to the hard work of the company’s experts. Groes also highlighted the important milestones accomplished during the recent trading period. He mentioned EveryMatrix’s certification by the World Lottery Association (WLA) in September, making it the first iGaming supplier to receive the prestigious WLA Safer Gambling Certification. Groes concluded by stating that the company is well-positioned for further growth and expansion in the coming months and years.

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