OGQ: Golden Matrix leads revenue growth in Q2 2022
Online Gambling Quarterly analyses the key financial figures of igaming companies from the second quarter of the year
Online Gambling QuarterlyTotal revenue growth analyses (YoY) – for more data click here.
- On average, total revenues (all verticals) grew in Q2 2022 by +21% (YoY).
- Best practice growth (YoY) was achieved by Golden Matrix with +230%. Golden Matrix is a developer and licensor of online gambling platforms. The revenue in Q2 (Golden Matrix reports figures from May to July) was $8.8m. The increase resulted primarily from the strong growth of the B2B segment and the revenue contributions from UK-based RKings.
- Lowest/negative growth – At the bottom of the ranking we find Scout Gaming and bet-at-home.
- Average growth – On average, revenue decreased in Q2 2022 (compared to the previous quarter – Q1/2022 – QoQ) by -0.05%.
- Best practice growth (QoQ) – Best practice growth (QoQ) was achieved by NeoGames (+59%). NeoGames is a provider of online lottery and gambling solutions; the company recently acquired Aspire Global. Revenue in Q2 2022 was $21.4m. Aspire Global achieved a 17% growth in euro-denominated revenue in Q2 2022 (YoY).
- Average growth – On average, betting revenue increased in Q2 2022 (compared to a year earlier) by +27% (YoY).
- Best practice – The best practice was achieved by Caesars Digital with +140% (YoY).
- Lowest/negative growth – At the bottom of the ranking we find Kindred.