Earnings ·
Meridian Holdings reports Q2 revenue of $50.2 million, up 16% year-over-year
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.