Golden Matrix Group Q1 Earnings Call Highlights

Key Points

• First GAAP-profitable quarter: Meridian reported Q1 2026 gross of $50.1 million (up 17% YoY), adjusted EBITDA of $6.3 million (up 26%, 12.6% margin) and nett income of $2.2 million versus a nonaccomplishment a twelvemonth ago.

• Meridianbet led growth: Meridianbet generated astir $34.9 million (≈70% of revenue) with registrations up 41%, progressive users up 21% and depositors up 27%, portion Expanse Studios expanded to 1,519 organisation sites and 77 titles and the institution continues investing successful AI for personalization and risk/pricing.

• Stronger equilibrium expanse and outlook: Cash was $16.2 million, full indebtedness fell to $29.7 million and nett indebtedness declined 62% YoY to $13.4 million; absorption guided Q2 gross of $51–$53 million and cited the World Cup arsenic a imaginable but unpredictable maturation catalyst.

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Meridian Holdings reported first-quarter 2026 results that marked its archetypal GAAP-profitable 4th nether the Meridian Holdings brand, driven by double-digit gross growth, expanded profitability, and continued indebtedness reduction.

First-quarter results: gross up 17%, instrumentality to GAAP profitability

Interim Chief Executive Officer William Scott said the 4th represented a milestone for the company, calling it “the archetypal 4th successful which we reported GAAP profitability nether Meridian Holdings brand.”

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For Q1 2026, Meridian posted gross of $50.1 million, up 17% from $42.7 cardinal successful the prior-year 4th and successful enactment with guidance antecedently issued connected the company’s Q4 2025 net call, according to Chief Financial Officer Rich Christensen. Adjusted EBITDA was $6.3 million, up 26% twelvemonth implicit year, representing a 12.6% margin. Scott noted that the institution exceeded its anterior adjusted EBITDA guidance of $6.1 million.

Meridian reported net income of $2.2 million, oregon $0.18 per diluted share, compared with a nett nonaccomplishment of $300,000, oregon $0.02 per diluted share, successful Q1 2025. Christensen said income from operations was $3.2 million, a $3.3 cardinal betterment from a tiny operating nonaccomplishment successful the year-ago period, attributing the alteration to operating leverage arsenic gross scaled alongside outgo discipline.

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Gross nett was $28.1 million, with a 56.2% gross margin, compared with 56.6% successful Q1 2025. Christensen said margins were “consistent with the anterior period,” with the premix displacement reflecting high-margin Meridianbet contributions partially offset by early-stage economics successful smaller markets.