Interactive
US – Revenues increase by ten per cent for Golden Matrix
By Phil - 19 March 2024
Golden Matrix Group, a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, generated quarterly revenues of $11.84m for its first fiscal quarter ended January 31, 2024, an increase of 10 per cent on revenues of $10.78m from a year ago.
Q1 net income came in at $74,505 versus a loss of $443,521 in the like year-ago quarter. Current unique casino operations and registered user numbers supported by its B2B gaming platforms of 808 and 8.3 million, respectively. The B2C segment, RKings Competitions, has over 338,000 registered users on its tournament platform whilst MEXPLAY, the company’s B2C regulated casino in Mexico, has 84,000 registered users.
“We are exceptionally pleased with the company’s performance in Q1 to kick-off the new fiscal year,” said Golden Matrix CEO Brian Goodman. “We achieved positive GAAP earnings and adjusted EBITDA of almost $1.2m, we set multiple records, delivering our highest ever quarterly results for Revenue, Total Assets, Shareholder Equity and Cash-on-Hand. The company is well-positioned for continued growth within its B2B and B2C divisions. We continue to make significant progress towards closing the pending MeridianBet acquisition and look forward to working to boost top-line growth and profitability once these two world class businesses have been combined.”
