Golden Matrix Q3 rev $47.3M (+15% YoY); net income $0.4M; FY guidance $186-187M

Meridian Holdings Inc./NV

2025-Q3 EPS reported -$0.02 revenue$133,284,729

Q3 revenue $47.3M, up 15% YoY; net income $0.4M vs. loss $3.3M in Q3 2024; GAAP EPS $0.00.
Adjusted EBITDA $5.7M (+32% YoY); gross profit $26.4M (56% margin, +111 bps).
Debt reduced $25.9M to $45.1M; cash $22M; net debt leverage 1.2x annual Adj. EBITDA.
Meridianbet revenue +26% to $32.5M; RKings record $7.4M; GMAG $3.5M.
FY 2025 revenue guidance $186-187M (23-24% growth); Q4 guidance $52.7-53.7M.

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