OGQ: Golden Matrix leads revenue growth in Q1 2022
Online Gambling Quarterly analyses the key financial figures of igaming companies from the first three months of the year
Online Gambling QuarterlyTotal revenue growth analyses (YoY) – for more data click here.
- On average, total revenues (all verticals,…) grew in Q1 2022 by +24% (YoY).
- Best practice growth (YoY) was achieved by Golden Matrix with +320%. Golden Matrix is a developer and licensor of online gambling platforms. The revenue in Q1 (Golden Matrix reports “Q2” figures from February to April) were $8.5m.
- Lowest/negative growth – At the bottom of the ranking we find Angler Gaming and bet-at-home.
- Average growth – On average, revenue grew in Q1 2022 (compared to the previous quarter – Q4/2021 (QoQ) by +6%.
- Best practice growth (QoQ) – Best practice growth (QoQ) was achieved by Catena Media (+42%). Catena Media is an igaming affiliate. The revenue in Q1 2022 was €45.2m (€31.9m in Q4 2021). North America was the main revenue driver, with revenue from North America rising to €29.5m (65% of total revenue).
- Average growth – On average, betting revenue decreased in Q1 2022 (compared to a year earlier) by -4% (YoY).
- Best practice – The best practice was achieved by Flutter US (FanDuel,…) with +50% (YoY).
- Lowest/negative growth – At the bottom of the ranking we find 888 B2C.