Golden Matrix Group (GMGI): Previews its 2025 Gaming Business Opportunity; Positioned for Growth in High-Potential Markets Due to Proprietary Tech Leadership

Golden Matrix Group (NASDAQ: GMGI) has released its 2025 gaming business outlook, highlighting significant achievements and growth prospects.

Rhea-AI Summary

Golden Matrix Group (NASDAQ: GMGI) has released its 2025 gaming business outlook, highlighting significant achievements and growth prospects. The company reported impressive year-to-date revenue of $105.3 million, marking a 55% growth rate. GMGI maintains strong gross margins exceeding 55% and currently trades at a Price-to-Sales ratio of 1.88, which is below the industry average of 3-5. The company's strategic expansion includes market entry into Brazil and pending licensing in New Jersey, positioning itself for growth in new markets.

Positive

• 55% year-to-date revenue growth to $105.3M
• Robust gross margins above 55%
• P/S ratio of 1.88 indicates potential undervaluation compared to industry average of 3-5
• Strategic expansion into Brazil market
• Pending New Jersey gaming license

Negative

• None.

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Las Vegas, Nevada--(Newsfile Corp. - December 31, 2024) - Golden Matrix Group (NASDAQ: GMGI), today announced a preview of its 2025 business growth opportunities in the gaming and technology sectors. This follows its year-to-date revenue growth of 55% to $105.3M, robust gross margins consistently above 55%, and a Price-to-Sales (P/S) ratio of 1.88.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Golden Matrix Group (GMGI) achieved $105.3M in year-to-date revenue, reflecting a 55% growth rate and robust gross margins above 55%
• Currently at a Price-to-Sales ratio of 1.88, below the industry average of 3-5
• Entry into Brazil and pending licensing in New Jersey to capitalize on new markets, as part of its growth strategy

Click image above to view full announcement.

About:

Founded in 2001 and part of the Golden Matrix (NASDAQ: GMGI), Meridianbet Group is a well-established online sports betting and gaming group, licensed and/or currently operating in 17 jurisdictions across Europe, Africa, and South America. Meridianbet's successful business model utilizes proprietary technology and scalable systems, thus allowing it to operate in multiple countries and currencies and with an omni-channel approach to markets, including retail, desktop online, and mobile.

Contact information:

Milan Koricanac, Head of Global PR
milan.koricanac@meridianbet.com

Source: Meridianbet Group

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235642

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Golden Matrix Group's (GMGI) current revenue growth rate in 2024?

Golden Matrix Group (GMGI) achieved a 55% year-to-date revenue growth, reaching $105.3 million.

What are GMGI's current gross margins?

GMGI maintains robust gross margins consistently above 55%.

How does GMGI's Price-to-Sales ratio compare to industry standards?

GMGI's P/S ratio of 1.88 is below the industry average of 3-5, potentially indicating undervaluation.

Which new markets is GMGI expanding into for 2025?

GMGI is expanding into Brazil and pursuing licensing in New Jersey as part of its growth strategy.