Earnings ·
Meridian Holdings Inc. reported financial results for the second quarter ended June 30, 2026, announcing revenue of…
GMGIGolden Matrix Group, Inc.
Meridian Holdings Inc. reported financial results for the second quarter ended June 30, 2026, announcing revenue of $50.2 million, a 16% increase year-over-year. The company achieved net income attributable to MRDN of $2.2 million, or $0.17 per diluted share, marking its second consecutive quarter of GAAP profitability compared to a loss in the prior-year period. Adjusted EBITDA rose 43% year-over-year to $5.9 million with an 11.8% margin. The company reduced total debt by 45% year-over-year to $26.7 million, resulting in net debt of $9.4 million and a leverage ratio of 0.39x. First-half revenue reached $100.3 million for the first time in company history. Meridian Holdings operates as a global operator and licensor of online sports betting, gaming, and casino platforms across more than 20 regulated markets.