Golden Matrix Group Inc. (NASDAQ: GMGI) announced preliminary record 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 performance with revenues of $15.7 million, up 24% from $12.7 million in the same month last year. CEO Brian Goodman attributed this exceptional performance to strength across all operating divisions, particularly highlighting Meridianbet's sports betting operations and RKings' tournament competitions as key drivers of growth.
Goodman stated that the company is significantly ahead of its strategic plan and on track to finish the third quarter with record-breaking results. He noted that while the second quarter had been adversely impacted by an unusual customer-friendly sports outcome, the third quarter has demonstrated dramatically improved financial performance and strategic strength across both B2B and B2C operations. The company expects this positive trend to continue through the remainder of 2025 and beyond, indicating sustained momentum in the competitive online gaming market.
The financial information presented is preliminary and not subject to the same rigorous closing procedures as unaudited quarterly financial results or audited annual financial results. It has not been reviewed or audited by the company's independent registered public accounting firm. Investors are cautioned that this preliminary financial information does not represent a comprehensive statement of financial results or position and should not be viewed as a substitute for unaudited financial statements prepared in accordance with US GAAP standards. Additional information about the company's operations and complete financial disclosures can be found in its filings available at https://www.sec.gov.
Golden Matrix operates across multiple international markets, developing and licensing proprietary gaming platforms through its B2B division while its B2C division, RKings, operates a high-volume eCommerce site for paid competitions. The company also owns and operates MEXPLAY, a regulated online casino in Mexico. The record revenues demonstrate the company's ability to capitalize on market opportunities and maintain operational momentum despite previous quarter challenges, reflecting the growing strength of the online gaming sector globally.
The company's performance highlights its strategic positioning following the 2024 acquisition of Meridianbet Group, which operates in 15 jurisdictions across Europe, Africa and South America. This expansion has provided Golden Matrix with diversified revenue streams and enhanced market penetration capabilities. The consistent revenue growth across multiple months indicates successful integration of acquired assets and effective execution of the company's growth strategy in the rapidly evolving digital gaming landscape.
