Golden Matrix Q1 rev up 72% to $42.7M; eliminates $9.6M debt, expands in Brazil/Nigeria

Meridian Holdings Inc./NV

2025-Q1 EPS reported $0.00 revenue$42,723,053

Revenue $42.7M (+72% YoY); gross profit $24.2M (57% margin); net loss $0.3M (0¢/share) vs $4.5M loss year ago.
Eliminated $9.6M Lind Global debt; converted $9.5M Meridianbet debt to equity, boosting financial flexibility.
Raffle segment hit records: user growth +146% YoY (26k new registrations); all-time high ticket sales and prizes.
Meridianbet secured permanent Brazil license, launched B2B Nigeria operations, renewed 10-year Serbia license.
FY 2025 revenue guidance $190-195M (26-29% growth); adjusted EBITDA $5.6M (-5% YoY) from geographic investment.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.