Strong B2B and B2C Growth Fuels Robust Performance
Golden Matrix Group (GMGI), a leading developer of online gaming platforms and eSports technology, has announced a remarkable 72% year-on-year revenue increase for Q1 2025, reaching $13.1 million, up from $7.6 million in Q1 2024. The sharp rise is attributed to organic growth in both its business-to-business (B2B) and business-to-consumer (B2C) segments, along with its recent acquisition of MeridianBet Group.
MeridianBet Acquisition Strengthens Global Reach
The strategic acquisition of MeridianBet, a prominent international sports betting and gaming operator, has significantly bolstered Golden Matrix’s revenue streams. MeridianBet’s established footprint across Southeastern Europe, Latin America, and Africa brought a new wave of active users and expanded Golden Matrix’s geographic diversification.
CEO Brian Goodman emphasized that the integration of MeridianBet has been “transformational,” contributing to increased user engagement, cross-sell opportunities, and localized content offerings in newly acquired markets.
B2B Segment Delivers Consistent Growth
Golden Matrix’s B2B division, known for white-label gaming platforms and customizable tournament systems, continues to thrive. With over 600 operators as clients, the company has expanded its footprint in Asia and Europe, offering proprietary tools and gaming content that have fueled higher recurring revenues.
New partnerships, improved platform functionalities, and AI-driven analytics tools were key drivers behind the segment’s consistent client retention and growth.
Positive Outlook with Emphasis on Expansion
Golden Matrix reaffirmed its strategic focus on expanding its international presence, rolling out new gaming products, and deepening relationships with both B2B and B2C customers. Analysts highlight GMGI’s strong cash flow, diverse revenue base, and recent regulatory licenses as important assets for future scalability.
With the MeridianBet acquisition bearing fruit, the company is well-positioned to continue capitalizing on emerging markets and evolving consumer demands in 2025.
