Golden Matrix Reports Record Revenues in July and August, Projects Strong Quarterly Performance

Golden Matrix Group Inc. (NASDAQ: GMGI) announced it achieved an all-time record in revenues for August of $17.8 million, an 18% increase on revenues of $15.1 million in August of last year. July results were also very strong at $15.7 million in revenues, a 24% increase compared to $12.7 million in July of last year. This performance indicates a significant rebound from the second quarter, which was impacted adversely by a highly unusual customer-friendly sport outcome.

CEO Brian Goodman commented that the company is pleased with the strong results from all operating divisions, particularly Meridianbet’s sports betting operations and RKings’ tournament competitions. He noted that this represents an excellent start to the second half of the year, with the company well ahead of its plan and on track to finish the third quarter with record results. Goodman emphasized dramatically improved financial performance and strategic strength across all B2B and B2C operations, expecting this trend to continue for the rest of 2025 and beyond.

The company's recovery and growth trajectory matter as they reflect resilience in the online gaming sector, which faces regulatory and economic challenges. Strong quarterly revenues can enhance investor confidence, support stock performance on NASDAQ, and provide capital for further expansion. The performance of recently acquired Meridianbet Group, operating in 15 jurisdictions, underscores successful integration and cross-market scalability.

However, the financial information presented is preliminary and not subject to the same closing procedures as unaudited quarterly financial results, highlighting the importance of awaiting formal reports filed with the SEC. Forward-looking statements involve risks, including economic downturns, regulatory changes, and acquisition-related obligations, which could impact future results. The company's ability to maintain this growth amid global uncertainties, such as inflation and geopolitical conflicts, will be critical for long-term sustainability and market leadership.