Golden Matrix Reports Q2 2025 Financial Results with Strong Operational Growth

Golden Matrix Group Inc. (NASDAQ: GMGI), a leading developer and operator of online gaming platforms, has released its financial and operational results for the second quarter ended June 30, 2025. The company reported a 9.6% year-over-year growth in total revenue, reaching $43.2 million, with gross profit at $24.4 million, reflecting a gross margin of approximately 56%. Despite these gains, the company faced a net loss of $3.6 million, attributed to increased operating costs and interest expenses from debt prepayment.

Operational highlights include a 30% increase in wager volume at Meridianbet and a 124% surge in new registrations, driven by product enhancements and the successful launch in Brazil. The company's raffle ticket businesses, particularly RKings Competitions, have shown exceptional performance, breaking revenue records with over 30,000 orders in a single day. Meridianbet's casino businesses also outperformed, with a 29% increase in Gross Gaming Revenue (GGR) and a 50% quarter-over-quarter rise in casino turnover per player.

Golden Matrix's strategic focus on expanding its presence in regulated markets and enhancing its proprietary technology stack is evident in its operational achievements. The company has established 13 partnerships in the U.S. social casino segment and secured certifications in Brazil, Peru, Croatia, and Romania. With a full-year revenue guidance of $185 million to $188 million, reflecting a 22% to 24% growth over 2024, Golden Matrix is poised for continued expansion and innovation in the online gaming industry.

For more detailed financial information and to access the full earnings call, visit https://goldenmatrix.com/events-presentations/.