Curated News
By: NewsRamp Editorial Staff
October 30, 2025

Golden Matrix Q3 Profits Soar, Debt Slashed 37% in Gaming Turnaround

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Original Source

TLDR

  • Golden Matrix Group's 18% gross profit growth and 32% EBITDA increase provide investors with strong financial leverage and competitive advantage in online gaming markets.
  • Golden Matrix achieved these results through disciplined cost management, marketing optimization, and scalable platform operations across both B2B and B2C gaming segments.
  • The company's growth creates job opportunities, expands regulated gaming access globally, and supports economic development in emerging markets like Latin America.
  • Golden Matrix's Classics for a Cause campaign broke company records, generating $776K from 10,000 packages and 1,700 new customers in a single promotion.

Impact - Why it Matters

This financial turnaround story demonstrates the resilience and growth potential of the online gaming sector, particularly as companies like Golden Matrix successfully navigate market challenges through operational discipline and strategic expansion. For investors, the company's return to profitability combined with substantial debt reduction signals strong financial management and sustainable growth prospects. The gaming industry's continued expansion into emerging markets like Latin America represents significant opportunity, while the company's focus on regulated markets provides stability amid increasing global gaming regulation. For consumers, the company's investment in platform innovation and user experience enhancements translates to better gaming products and services, while the broader industry growth indicates ongoing digital transformation in entertainment consumption patterns.

Summary

Golden Matrix Group Inc. (NASDAQ: GMGI), a leading developer and global operator of online gaming platforms, delivered impressive third-quarter 2025 financial results marked by significant growth across key metrics. The Las Vegas-based company reported revenue of $47.3 million, representing a 15% year-over-year increase, driven primarily by strong performance in online casino and raffle operations. More notably, the company achieved a remarkable turnaround to profitability with net income of $0.4 million compared to a $3.3 million loss in the same quarter last year. The results were announced through NEWMEDIAWIRE, highlighting the company's successful execution across both B2B and B2C divisions.

The financial performance was bolstered by substantial margin improvements, with gross profit reaching $26.4 million at a 56% margin and Adjusted EBITDA surging 32% to $5.7 million. This strong operational performance enabled significant debt reduction, with the company cutting total debt by $25.9 million (37%) to $45 million since December 2024. CEO Brian Goodman attributed the success to the strength of the company's portfolio and disciplined execution, while Meridianbet CEO Zoran Milosevic highlighted the exceptional performance of their innovative platform and integrated gaming ecosystem. The company's segment performance showed particular strength in Latin American markets, with Meridianbet revenue rising 26% to $32.5 million and player base expansion showing 25% growth in depositors and 70% increase in new registrations.

Looking ahead, Golden Matrix provided optimistic guidance, expecting full-year 2025 revenue between $186-187 million, representing 23-24% growth over 2024. The company's strategic focus on regulated markets, operational efficiency, and platform scalability positions it well for sustained growth into 2026. Investors can access the full visual presentation and earnings call details through the Golden Matrix Group IR website at https://goldenmatrix.com/events-presentations/, where additional financial details and management commentary are available for review. The company's strong balance sheet, with net debt leverage at just 1.2x annual Adjusted EBITDA, provides financial flexibility to continue pursuing growth opportunities in the dynamic online gaming market.

Source Statement

This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Golden Matrix Q3 Profits Soar, Debt Slashed 37% in Gaming Turnaround

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