Golden Matrix Group Inc. (NASDAQ: GMGI) announced record monthly revenues for August 2025, reaching $17.8 million, representing an 18% increase compared to $15.1 million in August 2024. The company also reported strong July results with $15.7 million in revenues, a 24% increase from $12.7 million in the same month last year.
CEO Brian Goodman attributed the strong performance to improvements across all operating divisions, particularly highlighting Meridianbet's sports betting operations and RKings' tournament competitions. "We are pleased with the strong results from all our operating divisions," Goodman stated. "It has been an excellent start to the second half of the year, and we believe we are well ahead of our plan and on track to finish the third quarter with record results."
The company's improved financial performance comes after a challenging second quarter that was adversely impacted by what Goodman described as a "highly unusual customer-friendly sport outcome." The current quarter shows dramatic improvement in both financial performance and strategic strength across all B2B and B2C operations, with expectations for this positive trend to continue throughout 2025 and beyond.
Golden Matrix operates as both a B2B and B2C gaming technology company across multiple international markets. The company's B2B division develops and licenses proprietary gaming platforms, while its RKings division operates a high-volume eCommerce site for paid competitions. The company also owns and operates MEXPLAY, a regulated online casino in Mexico, and acquired Meridianbet Group in 2024, which operates in 15 jurisdictions across Europe, Africa and South America. Additional information about the company is available at https://www.goldenmatrix.com.
The financial information presented in the announcement is preliminary and not subject to the same closing procedures as unaudited quarterly financial results or audited annual financial results. The company cautioned that this preliminary financial information does not represent a comprehensive statement of financial results or financial position and should not be viewed as a substitute for unaudited financial statements prepared in accordance with US GAAP. Investors can access the company's full financial disclosures through reports available at https://www.sec.gov.
The strong revenue performance indicates a robust recovery in the online gaming sector and demonstrates Golden Matrix's ability to capitalize on growing market opportunities. The company's diversified operations across multiple jurisdictions and both B2B and B2C segments position it well for continued growth in the evolving global gaming market.
