secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Holdings Inc./NV (MRDN)
CIK:        0001437925
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001477932-25-003434
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437925/000147793225003434/0001477932-25-003434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437925/000147793225003434/gmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-003434

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer