Golden Matrix Group Inc. (NASDAQ: GMGI) Quarterly Earnings and Market Expansion
- GMGI is set to release its quarterly earnings with an estimated EPS of approximately -$0.003 and revenue of around $43.1 million.
- The company's subsidiary, Meridianbet, launched the "Watch & Bet" feature to boost in-play betting volume and revenue per active user.
- Despite a negative P/E ratio of -176.01 and an earnings yield of -0.57%, GMGI reported a GAAP revenue of $151.1 million and an organic revenue of $159.7 million in fiscal year 2024.
Golden Matrix Group Inc. (NASDAQ: GMGI) is a prominent player in the global gaming and betting markets, offering a variety of software solutions and services. Based in Las Vegas, GMGI operates in over 20 regulated jurisdictions, including Europe, Africa, and Asia Pacific. The company provides both B2B and B2C models, catering to a wide range of gaming needs.
On April 7, 2025, GMGI is set to release its quarterly earnings, with Wall Street estimating an earnings per share of approximately -$0.003. Despite this negative projection, the company is expected to generate revenue of around $43.1 million. This comes as GMGI continues to expand its offerings and enhance its market presence.
Meridianbet, a subsidiary of GMGI, recently launched the "Watch & Bet" feature, allowing users to stream live sports while placing in-play bets. This innovation aims to boost in-play betting volume and increase revenue per active user. Such initiatives are expected to drive growth in turnover, user value, and profit margins for GMGI.
In fiscal year 2024, GMGI reported a GAAP revenue of $151.1 million and an organic revenue of $159.7 million, showcasing strong financial performance. However, the company faces challenges with a negative P/E ratio of -176.01 and an earnings yield of -0.57%. These figures indicate negative earnings, yet the P/S ratio of 2.04 suggests investor confidence in GMGI's sales potential.
GMGI's financial metrics reveal a moderate debt-to-equity ratio of 0.42, indicating a balanced approach to leveraging debt. However, the current ratio of 0.82 suggests potential challenges in covering short-term liabilities. Despite these hurdles, GMGI's strategic initiatives and market expansion efforts continue to position the company for future growth.
| Symbol | Price | %chg |
|---|---|---|
| 259960.KS | 375000 | -1.07 |
| 7974.T | 11820 | -1.69 |
| 251270.KS | 51500 | 12.72 |
| 036570.KS | 148100 | 0.68 |
Golden Matrix Group, Inc. (NASDAQ: GMGI) Achieves Record Revenue in January 2025
- Record-breaking revenue: Meridianbet, a subsidiary of Golden Matrix Group, Inc. (NASDAQ:GMGI), reported a record-breaking revenue of over $9 million for January 2025, marking a 24% year-over-year growth.
- Significant financial growth: The company experienced a 117% increase in retail sports revenue, a 32% growth in gross profit, a 44% increase in EBITDA, and a 50% rise in net profit year-over-year.
- Expansion and customer engagement: With operations across 18 jurisdictions and a 7.52% increase in new players, Meridianbet demonstrates strong customer attraction and retention, supporting its global expansion strategy.
Meridianbet, a subsidiary of Golden Matrix Group, Inc. (NASDAQ:GMGI), has achieved a significant milestone with a record-breaking revenue of over $9 million for January 2025. This marks a 24% year-over-year growth compared to January 2024, making it the strongest month in the company's history. However, these figures are preliminary and subject to final audit adjustments, with the audited financials for Q1 2025 expected in March 2025.
Meridianbet's impressive performance is driven by a 117% year-over-year increase in retail sports revenue, thanks to enhanced in-store engagement and strategic local activations. The company also saw a 32% growth in gross profit, a 44% increase in EBITDA, and a 50% rise in net profit year-over-year. These figures highlight Meridianbet's ability to sustain growth in a challenging market environment.
The company's growth is further supported by a 7.52% increase in new players acquired and a 70.98% rise in first depositors. Additionally, there was a 9.13% increase in the number of tickets placed and a 9.75% growth in the number of spins. These metrics demonstrate Meridianbet's success in attracting and retaining customers, contributing to its overall financial performance.
Golden Matrix Group's global expansion strategy is evident in Meridianbet's operations across 18 jurisdictions in Europe, Africa, and South America. The company utilizes proprietary technology and scalable systems to offer an omni-channel approach, including retail, desktop online, and mobile platforms. This strategy positions Meridianbet for continued growth and long-term value for investors.
In the context of GMGI's stock performance, Milovanovic Aleksandar, a 10 percent owner, executed significant share purchases in February 2025. He acquired 60,000 shares at $1.85 each, increasing his total ownership to 78,014,616 shares. Despite these transactions, GMGI's stock price is currently $1.845, reflecting a slight decrease of 0.81%. The stock has fluctuated between $1.83 and $1.8972 during the trading day, with a market capitalization of approximately $237.83 million.
