Malta B2B iGaming technology provider EveryMatrix has released its 2021 financial results, confirming that strong growth was powered by past product investments, the successful launch of new client brands, expansion of its footprint with tier one operators and key progress in the US market.
The report shows gross profit, gross revenue less direct costs at €13.9m in Q4 2021, an increase of 26% on the same period last year. For the full year of 2021, gross profit increased by 32% to €51m, with EBITDA increasing by 65% to €19.7m.
EveryMatrix continues to invest in the attractive regulated US market, making key progress in Q4. After fulfilling license requirements in New Jersey, applications were submitted in West Virginia and Michigan, with more filings to happen soon in both the US and in Canada. Several new distribution and partner agreements were also signed, including a games contract with Golden Nugget Online Gaming.
The company’s footprint continues to expand, with eight new tier one operator clients joining in 2021, and new clients being secured not only in Europe, but also in the US, Latin America and Africa. The year also saw 19 turnkey launches, including with brands in the regulated markets in Denmark, Cyprus, Greece, Malta, Romania, Mexico and Africa.