Meridianbet (GMGI) Launches "Watch & Bet" -- New In-Play Feature to Accelerate User Monetization and Core Revenue Growth
Rhea-AI Summary
Meridianbet, a division of Golden Matrix Group Inc. (NASDAQ: GMGI), has unveiled 'Watch & Bet', an innovative mobile feature enabling simultaneous full-screen sports streaming and in-play betting functionality. This strategic product launch aims to enhance user engagement and boost core revenue metrics.
The new feature is specifically designed to increase in-play betting volume, extend user session duration, and drive higher revenue per active user, ultimately supporting growth in turnover, user value, and margin. According to the announcement, GMGI reported unaudited FY24 GAAP revenue of $151.1M and organic revenue of $159.7M.
Positive
- Launch of innovative Watch & Bet feature to enhance user monetization
- Strong FY24 financial performance with $151.1M GAAP revenue
- Higher organic revenue of $159.7M showing underlying growth
Negative
- None.
News Market Reaction – GMGI
In the trading session that priced this news, GMGI declined 2.04%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Valletta, Malta--(Newsfile Corp. - April 4, 2025) - Meridianbet, part of Golden Matrix Group Inc. (NASDAQ: GMGI), today announced the launch of Watch & Bet, a new mobile feature that enables users to stream live sports in full-screen mode while placing in-play bets simultaneously. The feature is built to increase in-play betting volume, extend session duration, and drive higher revenue per active user, directly supporting growth in turnover, user value, and margin.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Watch & Bet Unlocks Full-Screen Streaming with Real-Time In-Play Betting Across Meridianbet's Mobile Platform
- GMGI Reports FY24 GAAP Revenue of
$151.1M and Organic Revenue of$159.7M (Unaudited) - Product Rollout Strengthens Core Monetization Strategy and Reinforces Meridianbet's Focus on Scalable, Margin-Accretive Technology
Click image above to view full announcement.
About Meridianbet
Founded in 2001, Meridianbet is a leading provider of betting and gaming technology, licensed in 18 jurisdictions across Europe, Africa, and South America. Its proprietary technology and scalable systems allow for multi-market operations with a strong omnichannel presence, including retail, online desktop, and mobile gaming. Meridianbet is a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI). For more information, visit meridianbet.ng or contact ir@meridianbet.com.
Contacts:
Milan Koricanac
milan.koricanac@meridianbet.com
Source: Meridianbet Group
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247370