Successful Q2 for Golden Matrix: Solid financial results announced
Golden Matrix and Meridianbet Post Strong Q2 2025 Results, Forecasting Robust Growth
Golden Matrix Group Inc., a leading online gaming and esports solutions provider, has announced its Q2 2025 financial results, revealing a robust performance and a positive outlook for the full-year 2025. The company's subsidiary, Meridianbet, has also shown significant growth, particularly in its expansion to new markets.
According to the financial report, Golden Matrix anticipates a growth rate year-over-year between 22% and 24% or $185m to $188m in revenue for the full-year 2025. This forecast represents an 18% average annual growth rate over the next three years, setting a strong growth outlook compared to a 10% growth forecast for the U.S. entertainment industry.
In Q2 2025, the company's active users increased by 15% year-over-year, and first deposits jumped by 165%. Meridianbet's launch in Brazil, the final phase of which was initiated in late 2024, seems to have contributed to this growth, as new registrations soared by 124% as a result.
Zoran Milosevic, Meridianbet's CEO, highlighted the business' exceptional performance in Q2 2025, with online revenue increasing 20%. Meridianbet's offering now includes more than 2,500 games, providing a diverse and engaging experience for its users.
The financial report also showed a solid increase in the company's gross profit, with a gross margin of approximately 56%. The net loss in Q2 2025 was $3.6m, a decline of $3.6m compared to the same period the previous year. Adjusted EBITDA decreased by $2m to $3.4m in Q2 2025.
Golden Matrix praised the exceptional performance of its casino business, Meridianbet. Sports revenue per player increased by 28% in Q2 2025 compared to the same period in 2024. The casino turnover per player quarter-over-quarter increased by 50% due to the strategic move to boost the casino turnover. Meridianbet reported a GGR increase of 29% in Q2 2025, hitting turnover of $434m.
In a statement, Rich Christensen, Meridianbet's CFO, stated that the company is focused on expanding its presence in regulated markets, enhancing its proprietary technology stack, and driving shareholder value through disciplined capital allocation. This focus on growth and innovation is evident in the company's strong performance and promising outlook.
The full-year 2025 revenue growth forecast for Golden Matrix Group Inc. reflects the company's dedication to its mission and its commitment to delivering value to its shareholders. While the specific impact of Meridianbet's performance on the 2025 revenue forecast is not explicitly stated, its operational involvement in the company's casino segment and its successful expansion efforts in Brazil suggest a positive contribution to the company's overall growth.
[1] Golden Matrix Group Inc. Press Release, "Golden Matrix Group Announces Q2 2025 Financial Results and Full-Year 2025 Revenue Growth Forecast", link [2] Meridianbet Press Release, "Meridianbet Enters Final Phase of Brazil Licensing", link [3] U.S. Entertainment Industry Forecast, link
- Golden Matrix Group's casino business, Meridianbet, has drawn attention with its robust growth, particularly in Q2 2025, where casino turnover per player increased by 50%.
- The business expansion of Meridianbet into new markets, such as Brazil, appears to have significantly impacted the company's growth, with new registrations soaring by 124%.
- In the realm of finance, Golden Matrix Group Inc. forecasts a growth rate of 22% to 24% for the full-year 2025, representing an average annual growth rate of 18% over the next three years.
- While sports revenue per player surged by 28% in Q2 2025, the company's offerings extended beyond sports betting to include over 2,500 casino-games, emphasizing the blending of technology and business in the entertainment realm.
