Meridianbet's Record-Breaking Revenue: A 24% YoY Growth Story

In a remarkable display of resilience and growth, Meridianbet, part of the Golden Matrix Group, Inc. (NASDAQ: GMGI), has reported record-breaking revenue for January 2025, exceeding $9 million and marking a 24% increase from the previous year. This impressive performance highlights the company's ability to drive sustained growth, even in challenging market environments.

The company's exceptional financial and operational performance is reflected in several key metrics:

* Revenue increase (January 2024 vs January 2025) YoY: +23%
* Retail sports revenue YoY: +117% (Driven by expanded in-store engagement, optimized market presence, and strategic local activations)
* Gross profit growth YoY: +32%
* EBITDA growth YoY: +44%
* Net profit growth YoY: +50%
* New players acquired: +7.52% YoY
* First depositors: +70.98% YoY
* Number of tickets placed: +9.13 % YoY
* Number of spins: +9.75 % YoY

These preliminary results underscore Meridianbet's commitment to delivering strong financial performance and long-term value for its investors. The company's robust financial and operational performance, with strong monthly growth across all key business verticals, demonstrates its ability to navigate the market and adapt to changing conditions.

Founded in 2001, Meridianbet Group is a well-established online sports betting and gaming group, licensed and currently operating in 18 jurisdictions across Europe, Africa, and South America. The Meridianbet Group's successful business model utilizes proprietary technology and scalable systems, allowing it to operate in multiple countries and currencies with an omni-channel approach to markets, including retail, desktop online, and mobile. The Company is part of the Golden Matrix Group (Nasdaq: GMGI).

As the holdco Golden Matrix Group continues its global expansion, Meridianbet remains committed to delivering strong financial performance and long-term value for its investors. The company plans to release its full Q1 2025 financial results in March 2025.

In conclusion, Meridianbet's record-breaking revenue in January 2025, coupled with its impressive growth trajectory, solidifies its position as a leading provider of innovative betting, gaming, and technology solutions across 19 markets worldwide. The company's ability to outperform its competitors and maintain a strong market position is a testament to its resilience, adaptability, and commitment to delivering value for its investors.