Golden Matrix Reports Record Revenues in July and August, Signaling Strong Growth in Online Gaming

Golden Matrix Group Inc. (NASDAQ: GMGI) announced it achieved an all-time record in revenues for August of $17.8 million, representing an 18% increase compared to $15.1 million in August of last year. July results were also strong at $15.7 million in revenues, a 24% increase from $12.7 million in July of last year. The company, a developer, licenser and global operator of online gaming platforms and gaming content, is on track to post strong quarterly revenues.

Golden Matrix CEO Brian Goodman commented on the performance, stating, "We are pleased with the strong results from all our operating divisions, and particularly with Meridianbet’s sports betting operations and RKings’ tournament competitions. It has been an excellent start to the second half of the year, and we believe we are well ahead of our plan and on track to finish the third quarter with record results." Goodman noted that the company's second quarter had been impacted adversely by a highly unusual customer-friendly sport outcome, but the third quarter is showing dramatically improved financial performance and strategic strength across all B2B and B2C operations.

The company expects this positive trend to continue for the rest of 2025 and beyond. Golden Matrix operates across multiple international markets through its B2B division, which develops and licenses proprietary gaming platforms, and its B2C division, RKings, which operates a high-volume eCommerce site enabling end users to enter paid-for competitions. The company also owns and operates MEXPLAY, a regulated online casino in Mexico, and acquired Meridianbet Group in 2024, a well-established online sports betting and gaming group licensed in 15 jurisdictions across Europe, Africa and South America. More information about the company can be found at https://www.goldenmatrix.com.

The financial performance indicates robust growth in the online gaming sector, which may reflect increasing consumer engagement with digital entertainment platforms. For investors and industry observers, these results suggest Golden Matrix is effectively leveraging its diversified portfolio of gaming operations and strategic acquisitions to drive revenue growth. The company's ability to achieve record revenues despite previous quarter challenges demonstrates resilience and operational efficiency in a competitive market.

However, it is important to note that the financial information presented is preliminary and not subject to the same closing procedures as unaudited quarterly financial results or audited annual financial results, and has not been reviewed or audited by the company's independent registered public accounting firm. The preliminary financial information does not represent a comprehensive statement of financial results or financial position and should not be viewed as a substitute for unaudited financial statements prepared in accordance with US GAAP. Additional details on the company's filings and forward-looking statements can be accessed at https://www.sec.gov.