- Global gaming operator Golden Matrix Group, Inc. (NASDAQ: GMGI) reported Q4 Revenue Rose 81% to $46M, FY Revenue Up 63% to $151M
- Revenue growth driven by expansion across key gaming markets, increased player engagement, and AI-driven product enhancements
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Forecasts up to 80% Revenue Growth in Q1
- Expanding into new regulated markets, including Latin America and Europe
- Pursuing strategic acquisitions to increase market share and product offerings.
By Jarrett Banks
Golden Matrix Group Inc. (NASDAQ: GMGI), which operates online gaming platforms, said it had record revenue last year, driven by expansion across key gaming markets, increased player engagement, and AI-driven product enhancements.
Revenue for the fourth quarter grew 81% to $46 million and full-year revenue jumped 63% to $151 million, reflecting strong demand and strategic acquisitions, the company said in a statement.
“As we enter 2025, we remain well positioned for growth, with revenues for Q1 2025 estimated to rise by up to 80%,” said CEO Brian Goodman. “Our focus remains on innovation, profitability, and expanding into high-growth markets.”
Golden Matrix said it expects revenue of $42 million–$45 million in the first quarter, representing year-over-year growth of between 69% and 80%.
With a solid foundation in technology, AI-driven gaming innovation, and a strengthened financial position, the company is doubling down on profitability.
Key strategic priorities include expanding into Latin America and Europe, enhancing AI-driven gaming innovation, strengthening operational efficiencies and pursuing strategic acquisitions to increase market share and product offerings, it said.
Golden Matrix’s business segments also delivered stellar results, with Meridianbet reporting 14% growth of full-year revenue to $106 million, with online revenue up 18% to $80 million and retail revenue up 4% to $23 million, reflecting strong user engagement and acquisition.
Meanwhile, GMAG B2B gaming platform saw wagering volume surge 84% to $4.7 billion, driven by AI-powered engagement tools and high-margin content expansion.
“Our financial results demonstrate our ability to scale efficiently while maintaining profitability,” said CFO Rich Christensen. “With a strong balance sheet and disciplined capital allocation, we are well-positioned for sustainable long-term value creation.”
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