Las Vegas, NV — October 30, 2025 — Leads & Copy — Golden Matrix Group Inc. (NASDAQ: GMGI) reported its third fiscal quarter results, with revenue up 15% year-over-year to $47.3M and adjusted EBITDA increasing by 32% to $5.7M. The online gaming platform developer also reduced its debt by $25.9M to $45M.
According to Brian Goodman, CEO of Golden Matrix, the company’s portfolio strength and disciplined execution continues to translate into profitable growth. Key markets in Latin America supported the results because of product innovation, operational efficiency, and strong engagement across both B2B and B2C segments.
Zoran Milosevic, Chief Executive Officer of Meridianbet, noted that Meridianbet’s contributions will continue to propel Golden Matrix Group toward our full-year guidance.
Golden Matrix expects full-year 2025 revenue between $186 million and $187 million, representing 23-24% growth over 2024, and Q4 2025 revenue between $52.7 million and $53.7 million, an increase of 15-17% year-over-year. The Company remains focused on advancing its position in regulated markets, improving operational efficiency, and strengthening its foundation for sustained growth into 2026.
Key financial highlights include:
- Revenue for the third quarter of 2025 was $47.3M, up 15% year over year from $41M in Q3 2024.
- Gross profit reached $26.4M, representing a 56% margin.
- Net income (GAAP) of $0.4M, compared with a $3.3M net loss in Q3 2024.
- Adjusted EBITDA was $5.7M, up 32% YoY.
- Organic revenue growth was 14% YoY, excluding acquired entities.
Rich Christensen, CFO of Golden Matrix: ir@goldenmatrix.com
Source: Golden Matrix Group Inc.
