EveryMatrix has recently published its financial analysis detailing the third quarter of the year, with the headline figure being an over 30% increase in gross profits.
The iGaming provider has had quite a successful year so far, with the third quarter of 2022 presenting them with a sizable increase in gross profits.
Starting off with the most important numbers, the aforementioned gross profit figure saw a 33% increase in comparison to the third quarter of 2021, growing from just under 15 million euros to 16.8 million. The report also detailed a 4-year compound annual growth rate of 35%.
The business’s EBITDA statistics were looking good as well, with the number being recorded at a bit shy of 6.5 million euros in contrast to the 5.2 million figure from the same period in the previous year.
Lastly, the EBITDA margin was recorded at 38%, further solidifying the company’s growth metrics.
Out of all of EveryMatrix’s subsidiaries the Casino division did the best, earning a record amount of profit. It experienced 31% year-on-year growth, going from under 6 million euros to 7.7 million.
In addition to the financial successes, EveryMatrix also reached a couple of important milestones in the year, such as its expansion to a total of 18 regulated jurisdictions, the launch of its crypto casino solution and its first collaborations in the North American market.
We are excited to see such fantastic statistics this year. We had excellent global performance and great financial results, though collaborating with Finland’s Veikkaus and Germany’s Bet-at-Home were the most notable achievements of the period, as both operators are massively popular with huge audiences of players. Additionally, we also had our first launch in the United States with BetMGM, which is notable because of the potential the American market holds for the industry. Our record performance clearly highlights our market-leading position.
remarked the chief executive officer of EveryMatrix Group, Ebbe Groes.