Golden Matrix Group has surprised many by posting its highest‐ever revenues in both July and August, suggesting that the company is gaining serious traction across its operations.
In August, Golden Matrix generated about $17.8 million in revenues, up roughly 18% from August of last year when it earned about $15.1 million. July’s performance was also robust, with revenues of US\$15.7 million, representing a 24% increase versus $12.7 million in July 2024. These figures mark a solid rebound after a weak second quarter, which the company blamed on an unusually favourable sports outcome for customers. The recovery shows that Golden Matrix’s gaming and sports‑betting verticals are beginning to turn the corner.
CEO Brian Goodman pointed out that all major segments, especially Meridianbet’s sports betting operations and RKings’ tournament business, contributed to the strength. He said the company is well ahead of plan for the second half of the year and expects the third quarter itself will deliver “record results.” That confidence is bolstered by the successful integration of Meridianbet, which now operates in fifteen jurisdictions, giving Golden Matrix greater geographical reach and scale.
Golden Matrix Group, Inc. (Nasdaq:GMGI) positions itself as a leader in the iGaming technology space, offering casino, sportsbook, and competition products and combining cutting-edge solutions with a strong portfolio of partnerships to drive growth and innovation in the digital gaming market.
