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Golden Matrix Q3 2025 Financial Results and Business Performance FAQ
TL;DR
Golden Matrix's 18% gross profit growth and 32% EBITDA increase provide investors with strong financial leverage and competitive positioning in the gaming market.
The company achieved profitability through disciplined cost management, marketing optimization, and operational efficiency across its B2B and B2C gaming platform segments.
Golden Matrix's expansion into regulated markets and technological innovations create safer, more engaging gaming experiences while supporting sustainable economic growth.
Golden Matrix broke company records with its Holden Torana campaign, generating $776K in sales and attracting 1,700 new customers through innovative gaming packages.
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Golden Matrix reported $47.3 million in revenue (up 15% YoY), $26.4 million gross profit (up 18% YoY), net income of $0.4 million (returning to profitability from a $3.3 million loss in Q3 2024), and adjusted EBITDA of $5.7 million (up 32% YoY).
The company showed significant improvement across all key metrics: revenue increased 15% from $41 million in Q3 2024, gross profit margin expanded 111 basis points to 56%, and the company returned to profitability with $0.4 million net income compared to a $3.3 million loss last year.
Revenue growth is primarily driven by expansion in online casino and raffle operations, with strong performance from both B2B and B2C divisions, particularly Meridianbet's 26% revenue growth to $32.5 million.
Golden Matrix tightened its FY 2025 revenue guidance to $186-$187 million, representing 23-24% year-over-year growth, reflecting confidence in continued strong performance.
The company reduced total debt by $25.9 million (-37%) to $45 million since December 2024, improved net debt leverage to 1.2× annual Adjusted EBITDA, and maintained $22 million in cash, significantly strengthening its balance sheet.
Meridianbet was the standout performer with 26% revenue growth 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, while RKings delivered record $7.4 million revenue (up 14%).
The company highlighted steady momentum across key markets, with particular strength in Latin America, supported by product innovation and strong engagement across both B2B and B2C segments.
Meridianbet's player base expanded significantly with depositors up 25% year-over-year and new registrations up 70%, driving higher engagement and revenue across both online casino and sports betting operations.
Margin expansion was achieved through marketing optimization, favorable product mix, disciplined cost management, higher operating efficiency, and the scalability of the company's business model across both B2B and B2C divisions.
Curated from NewMediaWire
