Golden Matrix has posted record quarterly revenue of $47.3m for Q3 2025, up 15% year-on-year (YoY), with management citing online casino growth as a key driver.

Adjusted EBITDA was $5.7m, rising 32% YoY, while gross profit reached $26.4m.

The company has also announced net income of $400,000 compared to a $3.3m loss in Q3 2024.

The firm, which has B2B and B2C operations, said revenue from MeridianBet rose 26% YoY to $32.5m.

MeridianBet was acquired last year in a $300m deal, with the division noting online casino and sports betting revenue increases of 30% and 25%, respectively.  

Bosses added that monthly active users had increased 21% for MeridianBet, while operations in Brazil were “scaling fast”.

RKings Competitions reported revenue of $7.4m, while B2B division GMAG delivered $3.5m in revenue.

Golden Matrix said B2B sales in “emerging regions” grew over 40%, with Brazil and Mexico the main contributors.

The company expects full-year 2025 revenue between $186m and $187m. representing 24% growth against 2024.

Brian Goodman, Golden Matrix CEO, said: “This quarter highlights how the strength of our portfolio and disciplined execution continue to translate into profitable growth.

“We’re seeing steady momentum across key markets – particularly in Latin America – supported by product innovation, operational efficiency, and strong engagement across both B2B and B2C segments.”

Zoran Milosevic, MeridianBet CEO, noted: “A significant portion of this success is driven by MeridianBet’s exceptional performance.

“This growth is a testament to our innovative platform, integrated gaming ecosystem, strategic expansions and unwavering commitment to delivering superior user experiences.”

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