Curated News
By: NewsRamp Editorial Staff
October 30, 2025
Golden Matrix Q3 Profits Soar 32%, Cuts Debt by $26M in Gaming Boom
TLDR
- Golden Matrix's 18% gross profit growth and 32% EBITDA increase provide investors with strong financial leverage and competitive positioning in the gaming market.
- The company achieved profitability through disciplined cost management, marketing optimization, and operational efficiency across its B2B and B2C gaming platform segments.
- Golden Matrix's expansion into regulated markets and technological innovations create safer, more engaging gaming experiences while supporting sustainable economic growth.
- Golden Matrix broke company records with its Holden Torana campaign, generating $776K in sales and attracting 1,700 new customers through innovative gaming packages.
Impact - Why it Matters
This financial performance matters because Golden Matrix represents a compelling case study in the rapidly expanding global online gaming industry, which continues to see massive growth as digital transformation accelerates worldwide. For investors, the company's dramatic turnaround from losses to profitability, combined with substantial debt reduction and margin expansion, signals strong operational discipline and sustainable business model execution. The 70% surge in new player registrations and 25% growth in depositors indicates robust consumer demand and effective market penetration strategies, particularly in emerging markets like Latin America where digital gaming adoption is exploding. For the broader gaming sector, Golden Matrix's success with both B2B platform licensing and B2C operations demonstrates the viability of diversified revenue streams in an industry facing increasing regulatory scrutiny. The company's ability to achieve 56% gross margins while reducing leverage to just 1.2× EBITDA provides a blueprint for sustainable growth in capital-intensive gaming operations, making this performance relevant not just to shareholders but to industry participants and observers tracking the evolution of regulated online gaming markets globally.
Summary
Golden Matrix Group Inc. (NASDAQ: GMGI), a Las Vegas-based developer and global operator of online gaming platforms, delivered impressive third-quarter 2025 financial results marked by significant profitability improvements and strategic growth across its diversified portfolio. The company reported revenue of $47.3 million, representing a 15% year-over-year increase driven by strong performance in online casino and raffle operations. More notably, Golden Matrix achieved a dramatic turnaround in profitability with net income of $0.4 million compared to a $3.3 million loss in the same quarter last year, while gross profit surged 18% to $26.4 million with margins expanding to 56%. The company's disciplined financial management yielded a 32% increase in Adjusted EBITDA to $5.7 million, enabling substantial debt reduction of $25.9 million (37%) to $45 million and strengthening the balance sheet with net debt leverage improving to just 1.2× annual Adjusted EBITDA.
The company's success stems from exceptional performance across its key business segments, particularly Meridianbet, which saw revenue jump 26% to $32.5 million driven by 30% growth in online casino gross gaming revenue and 25% increase in sports betting revenue. Player engagement metrics showed remarkable improvement with depositors up 25% and new registrations surging 70% year-over-year. RKings delivered record revenue of $7.4 million (up 14%) while advancing its new CRM rollout, while Classics for a Cause demonstrated explosive growth with registrations up 72% and new VIPs increasing 82%. The GMAG division maintained stable revenue while expanding into emerging markets like Brazil and Mexico, where sales grew over 40%, and added 12 new game providers using AI-driven integration to enhance scalability. Company leadership, including CEO Brian Goodman and Meridianbet CEO Zoran Milosevic, attributed this success to product innovation, operational efficiency, and strong market momentum, particularly in Latin America. The full visual presentation and earnings call can be accessed at the Golden Matrix Group IR website at https://goldenmatrix.com/events-presentations/.
Looking ahead, Golden Matrix provided optimistic guidance with full-year 2025 revenue projected between $186-187 million, representing 23-24% growth over 2024, and Q4 revenue expected to reach $52.7-53.7 million. The company's strategic focus remains on advancing in regulated markets, improving operational efficiency, and building a foundation for sustained growth into 2026. CFO Rich Christensen emphasized the strength of the company's scalable platform, fortified balance sheet, and accelerating global reach as key drivers for continued value creation. The results demonstrate Golden Matrix's successful execution of its hybrid B2B and B2C model, with disciplined cost management and marketing optimization contributing to margin expansion and sustainable growth across all operating segments.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Golden Matrix Q3 Profits Soar 32%, Cuts Debt by $26M in Gaming Boom
