Golden Matrix Q3 2025 Financial Results and Business Performance FAQ

What were Golden Matrix’s key financial results for Q3 2025?

Golden Matrix reported Q3 2025 revenue of $47.3 million (up 15% YoY), net income of $0.4 million (returning to profitability from a $3.3 million loss in Q3 2024), gross profit of $26.4 million (up 18% YoY), and adjusted EBITDA of $5.7 million (up 32% YoY).

How has Golden Matrix improved its financial position this year?

The company has reduced total debt by $25.9 million (-37%) to $45 million, improved net debt leverage to 1.2× annual Adjusted EBITDA, and maintained $22 million in cash, significantly strengthening its balance sheet.

What is driving Golden Matrix’s revenue growth?

Revenue growth is primarily driven by expansion in online casino and raffle operations, with strong performance across both B2B and B2C divisions, particularly in Latin American markets.

How did the Meridianbet segment perform in Q3 2025?

Meridianbet delivered exceptional performance with revenue rising 26% YoY to $32.5 million, driven by 30% growth in online casino GGR to $14.6 million and 25% growth in sports betting revenue to $13.3 million.

What is Golden Matrix’s updated full-year 2025 revenue guidance?

The company has tightened its FY 2025 revenue guidance to $186-$187 million, representing 23-24% year-over-year growth compared to previous guidance.

How has Golden Matrix improved its profitability metrics?

The company achieved a 56% gross profit margin (up 111 basis points YoY) through marketing optimization and favorable product mix, while adjusted EBITDA margin reached 12% due to disciplined cost management and higher operating efficiency.

What operational improvements contributed to these results?

Results were driven by product innovation, operational efficiency, strong user engagement across segments, and RKings’ new CRM rollout which will enhance customer engagement and lifetime value.

How has the company’s customer base grown?

Meridianbet’s player base expanded significantly with depositors up 25% year-over-year and new registrations up 70%, indicating strong customer acquisition and engagement.

What does the return to profitability indicate about Golden Matrix’s business model?

The return to profitability demonstrates the scalability of the company’s model and effective execution of its growth strategy, marking a significant turnaround from the $3.3 million net loss in the same quarter last year.