The supplier did not disclose specific revenue figures for the casino compared to sports. However, they mentioned that Germany’s contribution to casino revenue decreased to 24% in the quarter, down from 50% last year. This decline is attributed to new online casino regulations in Germany, which affected major EveryMatrix clients in the country.
During the third quarter, the company achieved a gross profit of €12.6 million, marking a 46% increase from the previous year. The gross profit from the casino segment amounted to €6 million, showing minimal variation from last year. Profit from sports products reached just under €4 million, representing a slight increase compared to Q3 2020.
The company’s platform profit reached €3 million, indicating significant improvement compared to the previous year when profits were nearly zero. Earnings before interest, taxation, depreciation, and amortization (EBITDA) amounted to €4.4 million, showcasing a 12% growth from 2020.
Ebbe Groes, CEO of EveryMatrix, stated, “The strong financial performance this quarter confirms our ability to deliver on the growth strategy we have set out. Despite the impact of regulatory changes in Germany, our diverse client base and well-balanced product portfolio have driven growth throughout the nine-month period.”
During Q3, EveryMatrix made significant progress in expanding its presence in the US market by securing agreements with Resorts Digital Gaming and Kindred Group. The company also entered into a strategic partnership with payment technology business Nuvei Corporation. Additionally, notable changes in senior management included the appointment of Mark McMillan to the board and the appointment of Alina Alexandru as the new chief technology officer.
