Golden Matrix Q2 2025 Financial and Operational Results FAQ

What were the key financial highlights for Golden Matrix in Q2 2025?

Golden Matrix reported total revenue of $43.2 million, a 9.6% growth over last year, with a gross profit of $24.4 million. However, the company faced a net loss of $3.6 million due to increased operating costs and interest expenses.

How did Meridianbet perform in Q2 2025?

Meridianbet saw a 16% year-over-year revenue growth to $29.2 million, with online revenue increasing by 20%. The casino business outperformed with a 29% surge in GGR and a 30% increase in turnover.

What contributed to the net loss in Q2 2025?

The net loss was attributed to operating costs growing by $2.4 million more than the incremental gross profit generated, coupled with $1.5 million in interest expense from debt prepayment.

What achievements were highlighted by the CEO of Golden Matrix?

CEO Brian Goodman highlighted the resilience and performance of the raffle ticket businesses, including RKings Competitions beating its all-time daily revenue record by 12% and then by an additional 40% on August 1st.

How did the Brazil market contribute to Meridianbet’s performance?

Meridianbet is now fully operational in Brazil with a license through 2029, contributing to a 124% increase in new registrations and a 165% quarter-over-quarter increase in first deposits.

What was the impact of product enhancements on Golden Matrix’s performance?

Product enhancements drove a 30% increase in wager volume at Meridianbet and new registrations climbed by 124%, showcasing the effectiveness of the company’s content strategy and player engagement initiatives.

What are the future growth initiatives for Golden Matrix?

Golden Matrix is focusing on expanding its business geographically, improving market share, and advancing gaming technology to support full-year growth initiatives, despite the current challenges.