Software provider EveryMatrix has released its Q1 revenue report for the beginning of 2024, with a successful $42million net figure achieved between January and April.
EveryMatrix Enjoys Profitable Q1
EveryMatrix has broken its previous record for quarterly profit at the beginning of this year with net revenue rising by a whopping 66% to kick off 2024.
The latest financial results from the software provider revealed that its adjusted EBITDA was up 111% from year-on-year figures at $22.3m.
In the casino division EveryMatrix over performed predictions through the first quarter of the year – with $619m marking a 65% rise from the first quarter last year
Net revenue from casino operations also saw a dramatic increase during Q1, with figures rising by 83% year-on-year to $19.9m.
CEO of EveryMatrix, Ebbe Groes, revealed that: “It’s been more than a year of the company breaking records and hitting new highs, and this quarter has been the best yet.
“From casino, sports and platform that are all showing extremely positive signs of sustained growth and expansion, to our affiliate, payments and live casino divisions that are pushing the boundaries of technology and paving the way for future success, we’re in a fantastic position for the remainder of 2024 and beyond.”
EveryMatrix Sports Division Also In Profit
It wasn’t just EveryMatrix’s casino revenue that enjoyed a successful first quarter, as the sports division also reported positive growth compared to Q1 in 2023.
The sports division’s net revenue from January to April was $10.5m which is a 78% increase on last year, giving EveryMatrix a positive quarterly report from almost every department.
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