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Golden Matrix Group (GMGI)
NASDAQ:GMGI
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
<0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jun 05, 2019
|% Change Since: -23.39%
|Next Earnings Date:Mar 04, 2019
Earnings Call Sentiment|Positive
The earnings call highlights significant revenue growth, successful acquisition integrations, and strong performance in key segments like GMAG and Merdianbet, despite facing some one-off costs and minor challenges in the RKings division. The outlook remains very positive with continued growth expected.Company Guidance
During the Golden Matrix Group's Third Quarter 2024 earnings call, significant guidance was provided, highlighting robust financial metrics and operational achievements. The company reported an impressive 85% year-over-year increase in third-quarter consolidated revenues, reaching $41 million, and a year-to-date revenue surge of 55% to $105 million. Gross profit for Q3 grew by 39% to $22.4 million, with a year-to-date increase of 24% to $61.8 million. The adjusted EBITDA for the quarter was $4.3 million. The company's balance sheet remained strong, with cash and equivalents of over $38.4 million against a short-term debt of $17.5 million, while shareholder equity rose by 60% to $94 million. Divisional performance also showcased growth, with the RKings competitions' revenue rising by 11.1% in October and the GMAG platform achieving an 84% increase in wagering to $1.4 billion. Newly acquired Classics for a Cause contributed $2.1 million in revenues and $253,000 in profit for the two months it was operational. The Mexican online casino, Mixed Play, reported a 56% increase in active players and a 67% increase in gross gaming wagering. Meanwhile, Merdianbet's revenue grew by 16% year-over-year, driven by a 19% increase in the online segment. Looking ahead, Golden Matrix emphasized cost efficiencies and synergies to improve profitability and maintain their expansive growth strategy, with a strong start to the fourth quarter and a promising outlook for future performance.Strong Revenue Growth
Consolidated revenues grew 85% to $41 million in Q3. Year-to-date revenue increased by 55% to $105 million.
Significant Increase in Gross Profit
Third quarter gross profit increased by 39% to $22.4 million, and year-to-date gross profit increased by 24% to $61.8 million.
Successful Acquisition Integration
Finalized the acquisition of Classics for a Cause, contributing $2.1 million in revenues and $503,000 in EBITDA for two months.
Cash and Balance Sheet Strength
Over $38.4 million in cash and equivalents with short-term debt of only $17.5 million. Shareholder equity grew 60% to $94 million.
GMAG Platform Growth
Wagering grew by 84% to $1.4 billion in Q3, with gross profit margin increasing to 26.2% from 24.7% in Q2.
RKings Recovery
Overcame customer acquisition channel challenges, with a subsequent 11.1% increase in October revenues over September.
Merdianbet Revenue Growth
Total revenue increased by 16% year-over-year, driven by a 19% increase in the online segment.
Expanse Studios Expansion
Revenue increased by 167% compared to Q3 2023, with player activity surging and 100 new partners added.
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GMGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GMGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 15, 2025 | $2.48 | $2.19 | -11.69% |
| Nov 12, 2024 | $2.98 | $2.88 | -3.36% |
| Aug 13, 2024 | $2.17 | $2.24 | +3.23% |
| Mar 14, 2024 | $2.93 | $2.95 | +0.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Golden Matrix Group (GMGI) report earnings?
Golden Matrix Group (GMGI) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Golden Matrix Group (GMGI) earnings time?
Golden Matrix Group (GMGI) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GMGI EPS forecast?
Currently, no data Available
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