---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-003434"
form_type: "8-K"
ticker: "MRDN"
cik: "0001437925"
company_name: "Meridian Holdings Inc./NV"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:50:41.725523+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-25-003434
- form_type: 8-K
- ticker: MRDN
- cik: 0001437925
- company_name: Meridian Holdings Inc./NV
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437925/000147793225003434/0001477932-25-003434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437925/000147793225003434/gmgi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-003434
- JSON: https://secwatch.observer/filing/0001477932-25-003434.json
- Plain text: https://secwatch.observer/filing/0001477932-25-003434.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.