Corporation, Golden Matrix, concludes prosperous Q2, reports commendable financial data
Golden Matrix Group Inc. Projects Strong Revenue Growth for 2025
Golden Matrix Group Inc., a leading online gaming solutions provider, has announced its Q2 2025 financial report, projecting a significant revenue growth for the full year. The company anticipates its revenue to be between $185 million and $188 million, representing a growth of approximately 22% to 24% compared to 2024 [1][2][3].
The Q2 2025 revenue rose 9.7% year-over-year to about $43.2 million, supported partly by a 4.5% positive foreign exchange impact [1][2][5]. Gross margin improved by about 135 basis points to roughly 56%, indicating enhanced operational efficiency [1][2][5]. Despite reporting a net loss of around $3.58–3.73 million in Q2 2025, management has reiterated this guidance [1][2][5].
Zoran Milosevic, Meridianbet's CEO, highlighted the business' year-over-year revenue growth in Q2 2025. One of the key contributors to this growth was the launch of Meridianbet in Brazil, which resulted in a 124% increase in new registrations [3]. Meridianbet's offering now includes more than 2,500 games [3].
Online revenue increased 20% in Q2 2025, demonstrating strong momentum in Golden Matrix's core growth channels. Meridianbet reported a GGR increase of 29% in Q2 2025, amounting to $434m [1][2]. The casino turnover per player quarter-over-quarter increased by 50% due to the strategic move to boost the casino turnover [1][2].
Rich Christensen, Meridianbet's CFO, is focused on expanding the company's presence in regulated markets and driving shareholder value. He is confident that the company is well-positioned to build on its success, with a strong balance sheet and significant opportunities across both existing and new markets [3].
Sports revenue per player increased by 28% in Q2 2025, while first deposits jumped by 165%. This growth can be attributed to the engagement strategies implemented by the company [1][2]. The net loss for Q2 2025 was $3.6m, representing a $3.6m decline year-over-year [1][2].
Despite the short-term profitability challenges in Q2, Golden Matrix maintains an optimistic revenue outlook for 2025 based on sustained demand growth, operational momentum, and focus on expansion in key markets such as Brazil and Europe [1][2][3]. The executive team remains focused on enhancing the company's proprietary technology stack [1][2].
Executive insider activity shows confidence, with the CFO purchasing additional shares in August 2025 [4]. Golden Matrix Group Inc. is positioned to accelerate with opportunities in both existing and new markets.
[1] - Golden Matrix Group Inc. Q2 2025 Financial Report [2] - BusinessWire [3] - Meridianbet's Q2 2025 Performance Report [4] - SEC Filings - Insider Trading Activity
- Golden Matrix Group Inc., a company in the casino-and-gambling industry, anticipates strong revenue growth in business areas like real-estate and investing, in addition to their online gaming solutions, for 2025.
- Zoran Milosevic, a notable personality in the casino-culture, highlighted the business' growth in Q2 2025, with a significant increase in new registrations for their casino-games, one of which was the launch of Meridianbet in Brazil.
- Rich Christensen, the CFO of Golden Matrix Group Inc., aims to expand the company's presence in regulated markets and drive financial success, confident that they will build on their success with a strong balance sheet and opportunities in both existing and new markets.
- The Q2 2025 financial report indicates that the company's focus on enhancing their proprietary technology stack, engagement strategies, and strategic moves have led to growth in casino turnover, sports revenue, and first deposits, positioning them for future growth and expansion in markets like Brazil and Europe.
