A leading developer of online gaming software and solutions, EvenBet Gaming has recorded a strong first quarter of 2024 which saw revenues grow by 37% year-on-year, driven by the launch of new projects and performance of existing key clients. The impressive revenue increase has been attributed to the introduction of strategic initiatives within the customer success department at the company.
During the quarter, EvenBet experienced a significant expansion in active players globally with a 40% year-on-year rise leading to a total of 42 million players. The company also enlarged its global team with 21 new additions, paving the way for further internal growth.
A key highlight within the three-month period saw EvenBet launch Betplay’s new digital poker offering in Colombia. Additionally, the company strengthened its position in Peru with sports betting operators Apuesta Total and Aposta.la, as well as enjoyed further growth of the Argentina-based network LatPoker, powered EvenBet Gaming software.
The developer demonstrated its commitment to innovation and enhancement during Q1 by releasing five new software updates. These updates introduced major features such as the integration of the Pinnacle sportsbook and addition of Gamzix games to its casino offering. A new tournament lobby design was also generated, while the integration of Google Analytics 4 functionality into its client software has further improved back-end capabilities.
Other notable achievements included the launch of its latest E-book ‘Core iGaming Trends and Challenges in 2023’ and the company’s largest ever presence at ICE London in February. The company’s strong performance in Q1 sets itself on a promising trajectory for achieving its ambitious target of 30% annual revenue growth.
Dmitry Starostenkov, CEO at EvenBet Gaming, analyzed these positive numbers by saying: “Reflecting on our performance in Q1, we are thrilled to see our strategic initiatives yielding such impressive results. The substantial revenue growth, coupled with the extension of our team and upcoming launch into the African market, underscores our continued commitment to delivering top-tier gaming experiences and solutions, and we will continue to strive for success throughout 2024.”
Looking ahead to Q2, EvenBet Gaming is poised to expand its footprint into several new markets. The company is exhibiting at booth N110 in Brazil for the first time at BiS SiGMA Americas (April 23-25th), while its senior executive team will be sharing their expertise and insights across a number of industry conferences in Europe in May 2024.