Golden Matrix Reports Record Revenues in July and August, Signaling Strong Growth in Online Gaming
Golden Matrix Group achieved record revenues of $17.8 million in August and $15.7 million in July, demonstrating robust growth in its online gaming operations and positioning the company for a strong third quarter.
Golden Matrix Group Inc. (NASDAQ: GMGI) announced it achieved an all-time record in revenues for August of $17.8 million, an 18% increase compared to $15.1 million in August of last year. July results were also very strong at $15.7 million in revenues, a 24% increase compared to $12.7 million in July of last year. The company is on track to post strong quarterly revenues for the third quarter of 2025.
Golden Matrix CEO Brian Goodman commented that the company is pleased with the strong results from all operating divisions, particularly with Meridianbet’s sports betting operations and RKings’ tournament competitions. Goodman noted that this represents an excellent start to the second half of the year, and the company believes it is well ahead of its plan and on track to finish the third quarter with record results.
The company’s second quarter had been impacted adversely by a highly unusual customer-friendly sport outcome, but in this third quarter, Golden Matrix is seeing dramatically improved financial performance and strategic strength across all its B2B and B2C operations. The company expects this trend to continue for the rest of 2025 and beyond.
Golden Matrix operates across multiple international markets through its B2B division, which develops and licenses proprietary gaming platforms for clients, and its B2C division RKings, which operates a high-volume eCommerce site enabling end users to enter paid-for competitions. The company also owns and operates MEXPLAY, a regulated online casino in Mexico, and Meridianbet Group, which was acquired in 2024 and operates in 15 jurisdictions across Europe, Africa and South America.
The financial information presented is preliminary and not subject to the same closing procedures as unaudited quarterly financial results or audited annual financial results, and has not been reviewed or audited by the company's independent registered public accounting firm. Investors can find more information through the SEC's official website where the company files periodic reports.