Curated News
By: NewsRamp Editorial Staff
August 06, 2025
Golden Matrix Reports Q2 Growth Amid Strategic Expansions
TLDR
- Golden Matrix Group Inc. reports a 30% increase in wager volume and 124% rise in new registrations, showcasing significant growth and market expansion opportunities.
- Golden Matrix's Q2 2025 results detail a 9.6% revenue growth to $43.2M, with a gross margin improvement to 56%, despite a net loss of $3.6M.
- Golden Matrix's advancements in gaming technology and expansion into new markets like Brazil aim to enhance global entertainment and economic opportunities.
- Golden Matrix's RKings Competitions shattered records with a 40% increase in daily revenue, highlighting the exciting potential of online gaming innovations.
Impact - Why it Matters
This news is significant for investors and stakeholders in the online gaming industry, highlighting Golden Matrix's resilience and growth potential despite market challenges. The company's strategic expansions, particularly in Brazil, and its innovative gaming technologies position it for sustained growth, offering insights into the evolving online gaming landscape and investment opportunities.
Summary
Golden Matrix Group Inc. (NASDAQ: GMGI), a leading developer and operator of online gaming platforms, announced its financial and operational results for the second quarter ended June 30, 2025. The company reported a 9.6% growth in total revenue to $43.2 million, despite a net loss of $3.6 million, attributed to increased operating costs and interest expenses. Key highlights include a 30% increase in wager volume at Meridianbet and a 124% surge in new registrations, driven by the successful launch in Brazil. CEO Brian Goodman expressed confidence in the company's full-year revenue guidance, citing strong operational performance and strategic expansions. Meridianbet, a subsidiary, saw a 16% year-over-year revenue growth to $29.2 million, with online revenue up 20%. The company's raffle ticket business, RKings Competitions, achieved record-breaking performance, underscoring the success of its new technology deployments. Golden Matrix anticipates full-year 2025 revenue between $185 million and $188 million, reflecting a 22% to 24% growth over 2024. For more details, visit NEWMEDIAWIRE.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Golden Matrix Reports Q2 Growth Amid Strategic Expansions
