Golden Matrix reports record August revenue of $17.8 million

LAS VEGAS - Golden Matrix Group Inc. (NASDAQ:GMGI) reported record monthly revenue of $17.8 million for August, representing an 18% increase compared to the $15.1 million recorded in the same month last year, according to a company press release. This continues the company’s strong revenue growth trajectory, with a 54.66% increase in the last twelve months. According to InvestingPro analysis, the stock appears undervalued despite maintaining a healthy gross profit margin of 56.57%.

The gaming technology company also posted strong July results with revenue of $15.7 million, up 24% from $12.7 million in July 2024.

"We are pleased with the strong results from all our operating divisions, and particularly with Meridianbets sports betting operations and RKings tournament competitions," said Brian Goodman, CEO of Golden Matrix.

Goodman noted that the company’s second quarter had been negatively impacted by what he described as "a highly unusual customer-friendly sport outcome," but added that the third quarter is showing "dramatically improved financial performance" across all operations.

Golden Matrix operates as both a B2B and B2C gaming technology company across multiple international markets. Its B2B division develops and licenses proprietary gaming platforms, while its B2C division, RKings, operates an eCommerce site for paid competitions in authorized markets.

The company also owns MEXPLAY, a regulated online casino in Mexico, and acquired Meridianbet Group in 2024, which operates in 15 jurisdictions across Europe, Africa and South America.

The financial information presented in the press release has not been audited or reviewed by the company’s independent registered public accounting firm.

In other recent news, Golden Matrix Group Inc. disclosed its second-quarter 2025 earnings, reporting a net loss of $3.6 million, or $0.03 per share. This result did not meet analysts’ expectations, which had anticipated a smaller loss of $0.0033 per share. Additionally, the company’s revenue fell short of projections, totaling $43.25 million compared to the forecasted $46.38 million. These financial results reflect a challenging period for Golden Matrix, as the company navigates through its fiscal year. The earnings announcement comes amid a broader market assessment of the company’s performance and potential future outlook. While no upgrades or downgrades were mentioned in the recent analyst notes, the financial community continues to monitor the situation closely. Investors are advised to consider these recent developments when evaluating their positions. The company’s financial performance remains a focal point for stakeholders and market participants alike.

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