Golden Matrix Group, Inc. ( (GMGI) ) has released its Q2 earnings. Here is a breakdown of the information Golden Matrix Group, Inc. presented to its investors.
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Golden Matrix Group, Inc. is a Nevada-based company operating in the online sports betting and gaming sector, offering enterprise SaaS solutions and pay-to-enter prize competitions across multiple jurisdictions. In its latest earnings report for the quarter ending June 30, 2025, Golden Matrix Group reported a decline in net income, with a net loss of $3.99 million compared to a profit of $3.96 million in the same period last year. The company’s revenues increased to $85.97 million, up from $64.27 million in the previous year, driven by growth in online casino operations. However, increased operating expenses and interest costs impacted profitability. The company completed the acquisition of MeridianBet Group, which significantly expanded its market presence and contributed to its revenue growth. Despite the current financial challenges, Golden Matrix Group remains focused on leveraging its expanded operations and technological capabilities to drive future growth and profitability.