EveryMatrix revealed “exceptional” growth within its sports division with turnover rising 30% year-on-year to €1.7bn after the iGaming supplier published its Q1 2025 financial results.
For the year’s first quarter, strong trading margins saw the supplier’s sports segment achieve a 60% GGR climb YoY to €154m. Meanwhile, EveryMatrix’s casino segment delivered its strongest quarterly figures to date.
Ebbe Groes, Group CEO of EveryMatrix, commented on the results, stating: “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.”
Net revenue for the company’s casino segment stood at €28.6m, up 44% YoY, while EBITDA reached €16.8m, up 29% YoY. Casino GGR came in at €753m, with GGR in the last 12 months reaching €2.9bn – a 22% and 38% YoY increase, respectively.
As a result of strong performance in both its sports and casino offerings, EveryMatrix’s net revenue rose 39% year-on-year, with EBITDA increasing 27% to €28m.
“Our sports division never ceases to amaze me, breaking record after record,” added Groes.
“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.”
In its eighth consecutive quarter, the firm’s EBITDA margin sat above 50%, coming in at 52% for Q1 2025. This was attributed to the company’s efforts to continue scaling its platform and casino content offerings.
The iGaming supplier also built upon its full-year 2024 target for annual EBITDA to surpass €100m, as following Q1 2025 the last 12 months have seen this figure reach €107m.
EveryMatrix’s Q1 results have been announced shortly after the appointment of Marc Burroughes as the firm’s Chief Commercial Officer for its CasinoEngine offering. With two decades of iGaming experience including roles at IGT, Light & Wonder and OpenBet, he will now report to casino business unit CEO Stian Enger.