EveryMatrix looks for acquisitions as gross profit rises in Q1 Daniel O'Boyle, iGaming Business · May 11, 2022 at 6:14 pm EveryMatrix chief executive Ebbe Groes said the gaming supplier will pursue acquisitions after a successful Q1 of 2022, in which gross profit rose by 14%. Gross profit – which is defined as gross revenue minus direct costs paid to game suppliers – grew by 14% to €13.9m [US$14.6m]. “Gross profit was driven by substantial growth around the world and the stabilisation of German revenues after the regulatory changes there,” the supplier said. Earnings before interest, tax, depreciation and amortisation (EBITDA), however, declined by 14% to €4.8m. This, it said, was due mostly to EBITDA being particularly high in Q1 of 2021, with €4.8m being on par with the 2021 average, as well as the fact that the business increased its headcount from 553 at the end of Q1 2021 to 669 at the same time in 2022.