Argus Research Reaffirms $200M 2025 Revenue Forecast for Golden Matrix (GMGI)May 23, 2025 10:54 AM EDT | Source: Reportable, Inc.Las Vegas, Nevada--(Newsfile Corp. - May 23, 2025) - Argus Research has issued an updated equity research report about Golden Matrix Group Inc. (NASDAQ: GMGI), reiterating its fair value estimate for GMGI shares. The report highlights significant upside potential relative to current trading levels and forecasts continued revenue growth and operational expansion acros ...

VALLETTA, Malta, May 22, 2025 (GLOBE NEWSWIRE) -- As part of its ongoing commitment to environmental and social responsibility, Meridianbet, a key member of the Golden Matrix Group (NASDAQ: GMGI), continues to implement impactful green initiatives across the markets where it operates. In 2024 alone, the company organized nearly 300 CSR initiatives, and in the first quarter of 2025, that momentum has accelerated with over 80 projects focused on health, education, community impact, responsible betting — and i ...

Expanse (GMGI) Completes Multiple U.S. Integrations and Launches New Flagship SlotMay 16, 2025 3:29 PM EDT | Source: Reportable, Inc. Las Vegas, Nevada--(Newsfile Corp. - May 16, 2025) - Expanse Studios, the proprietary B2B game development unit of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed multiple new integrations across U.S.-focused social and sweepstakes casino platforms, alongside the official release of its newest flagship title, Gates of Olympia. To view the f ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $42.7 million, representing a 72% year-over-year increase, with constant currency growth at 76% [8] - Gross profit reached $24.2 million, reflecting a gross margin of approximately 57%, a decline of 14 percentage points from the previous year [9] - Net loss was $300,000 or $0.00 per share, a decline of $4.2 million from the previous year [12] - Adjusted EBITDA declined by $300,000 or 5% to $5.6 million [12] - Cash and cash equivalents as of March 31, 2025, were $29.7 million, with a net debt leverage ratio under 1.6 turns [13] Business Line Data and Key Metrics Changes - The raffle business achieved record results, including all-time highs in revenue, ticket sales, and prize values, with a 46% increase in new users compared to Q1 2024 [6] - MeridianBet saw new registrations increase by 22%, first-time deposits surged over 56%, and total deposits rose 12% [15] Market Data and Key Metrics Changes - MeridianBet secured a permanent online betting license in Brazil, allowing full national coverage in a market projected to generate over $5.6 billion in GGR in 2025 [16] - The company launched B2B operations in Nigeria, tapping into a market with over 60 million bettors [16] Company Strategy and Development Direction - The company is focused on platform innovations and expansion into high-growth regulated markets, positioning itself at the forefront of the iGaming industry [5] - The strategy emphasizes smart growth, operational efficiency, and returning value to shareholders [20] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about growth opportunities for the year, expecting full-year revenue between $190 million and $195 million, representing a 26% to 29% growth rate over 2024 [21] - The company remains committed to disciplined capital allocation and investments that enhance growth and long-term value [21] Other Important Information - The company eliminated approximately $9.6 million in debt and converted over $9.5 million in acquisition-related debt into equity, enhancing financial strength and flexibility [6] - MeridianBet's community initiatives included 56 projects focused on health donations, scholarships, and responsible betting education [17] Q&A Session Summary Question: What are the growth expectations for the company in 2025? - The company expects full-year revenue to be between $190 million and $195 million, indicating a growth rate of 26% to 29% over 2024 [21] Question: How is the company addressing operational costs? - The increase in operating expenses is attributed to costs related to geographic expansion, market share improvement, and technology advancements [11]

EX-99.1 2 gmgi_ex991.htm PRESS RELEASE EXHIBIT 99.1 Golden Matrix Posts Strong Q1; Eliminates Debt and Accelerates Market Expansion LAS VEGAS, NV, May 8, 2025 – Golden Matrix Group Inc. (NASDAQ: GMGI) ("Golden Matrix" or the "Company"), a developer, licensor, and global operator of online gaming platforms, today announced financial and operational results for the first quarter ended March 31, 2025. The quarter reflects the Company's strong group execution, platform innovation, and continued expansion across ...

Q1, 2025 Earnings Results 8 May 2025 Forward-Looking Statements This document contains forward-looking statements relating to our plans and expectations, all of which are subject to risks and uncertainties. Such statements are based on management's expectations and assumptions as of the date of this release and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in our forward-looking statements including: (1) global economic conditions, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission File Number: 001-41326 Golden Matrix Group, Inc. (Exact name of registrant as specified in its charter) | Nevada | 46-1814729 | | --- | --- | | (State or o ...

Core Insights - Meridianbet, a leading global sports betting and iGaming operator, has highlighted its key ESG milestones for 2024, emphasizing community engagement, technology-driven operations, and resource discipline [1][7]. Group 1: ESG Achievements - The company executed 293 CSR campaigns across 25 markets in 2024, focusing on healthcare, education, and amateur sports, demonstrating its long-term commitment to community presence [7]. - Meridianbet's integration into the Golden Matrix Group (NASDAQ: GMGI) has facilitated disciplined growth, achieving a record organic revenue of $159.7 million (non-GAAP) [7]. Group 2: Technology and Operations - The company has strengthened its technology-driven moat through proprietary platforms and AI-powered product innovation, positioning itself within the global 5% tech ownership club, a rare achievement in the gaming industry [7]. - Meridianbet operates in 18 jurisdictions across Europe, Africa, and South America, utilizing a scalable business model that supports multiple countries and currencies through an omni-channel approach [4].

Core Insights - Meridianbet, a leading global sports betting and iGaming operator, has achieved significant ESG milestones in 2024, focusing on community engagement, technology-driven operations, and resource efficiency [1][2][4] - The company reported $151.1 million in FY24 GAAP revenue and $159.7 million in organic revenue, driven by its core operations [2] ESG Highlights - Meridianbet executed nearly 300 CSR actions across 25 markets, focusing on healthcare, education, sports development, and local institution support [6] - The company maintains a strong governance structure with over 60% of managerial positions held by women, reflecting its commitment to diversity [6] - Meridianbet's public uplisting as part of Golden Matrix Group's NASDAQ structure enhances transparency and investor access [4] Community Engagement - The company has partnered with Crvena Zvezda, integrating its logo with the elite Euroleague basketball club [6] - Initiatives include a global book donation campaign and the "Scan. Help." campaign to fund essential equipment for maternity hospitals [6] - The rollout of the Meridian Donate platform across LATAM and Africa allows users to support verified NGOs directly [6] Operational Efficiency - Energy usage has been reduced through digitalization and infrastructure upgrades [6] - Meridianbet is a member of the "5% Club," developing and maintaining its entire technology stack in-house [6]

Core Insights - Expanse Studios has entered a strategic distribution partnership with BetConstruct, enhancing its market reach and operational efficiency [1][7]. Group 1: Expanse Studios Overview - Expanse Studios is a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI) and is recognized as a leading B2B iGaming content provider, specializing in various gaming formats including slots and table games [3]. - The company boasts a portfolio of over 55 proprietary games, catering to regulated markets and social casinos globally [3]. Group 2: BetConstruct Overview - BetConstruct is a prominent technology and service provider in the gaming industry, with over 20 years of experience and a range of innovative products including online sportsbooks and live casinos [8]. - The company holds licenses from reputable authorities such as the UK Gambling Commission and the Malta Gaming Authority, ensuring compliance and security in its operations [8]. Group 3: Partnership Implications - The partnership allows Expanse Studios' games to be accessible through BetConstruct's global B2B aggregation network, significantly expanding its reach to new operators [7]. - This collaboration supports GMGI's strategy to monetize in-house content, enhancing cost efficiency and recurring revenue potential [7].