Golden Matrix (GMGI) Q2 Revenue Up 10%

Golden Matrix Group (NASDAQ:GMGI), a gaming technology and online wagering company, released earnings for the quarter ended June 30, 2025, on August 6, 2025, revealing mixed results. While revenue (GAAP) increased by 9.6% year-over-year in the quarter and Gross margin (GAAP) also improved by 135 basis points year-over-year to approximately 56%, both GAAP revenue and GAAP EPS fell short of analyst expectations. GMGI reported GAAP revenue of $43.2 million, almost $3.2 million below the $46.4 million GAAP estimate, and EPS (GAAP) of ($0.03) versus an anticipated ($0.003). The quarter saw a net loss as Operating and interest costs outpaced top-line gains, although management reaffirmed its full-year revenue guidance and highlighted ongoing momentum in technology, market expansion, and user engagement. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Golden Matrix Group is a developer and operator of online gambling technology platforms. The company offers a wide portfolio of sports betting, online casino, prize competitions, and eSports betting products. Its reach spans more than 8.3 million registered players as of December 31, 2024, and supports over 800 distinct games through platforms like GM-X and GM-Ag.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool