Golden Matrix Group, a global online gaming platform developer, reported record financial results for 2024, with full-year revenues surging 63% to $151 million and fourth-quarter revenues climbing 81% to $46 million. The company anticipates continued momentum, projecting first-quarter 2025 revenues between $42 million and $45 million, representing potential year-over-year growth of 69% to 80%.
Key operational highlights include Meridianbet's 14% full-year revenue growth, reaching $106 million, and the GMAG B2B gaming platform's wagering volume increase of 84% to $4.7 billion. The company's strategic acquisitions, including Meridianbet and Classics for a Cause, coupled with AI-driven technological innovations, have been instrumental in driving expansion across international markets.
Despite a net loss of $1.5 million for the full year, primarily due to acquisition-related expenses, Golden Matrix maintains a strong cash reserve of $30 million. The company's diversified portfolio, which includes operations in Europe, Africa, and Latin America, demonstrates resilience and potential for continued growth.
CEO Brian Goodman emphasized the company's focus on innovation, profitability, and market expansion. Strategic priorities for 2025 include entering new regulated markets, enhancing AI-driven gaming experiences, and pursuing strategic acquisitions to increase market share.
