Earnings ·
Reports Q3 revenue of $46.0M and full-year outlook of $195M-$198M
GMGIGolden Matrix Group, Inc.
Meridian Holdings Inc. reported third-quarter revenue of $46.0 million, a 3% decline year-over-year, driven by customer-favorable sports results and regulatory headwinds in Brazil that forced the suspension of operations and a $5.5 million impairment charge. The company posted a net loss attributable to shareholders of $13.3 million, or $(1.05) per share, which included $11.5 million in non-cash impairment charges related to its Brazilian license and goodwill at RKings. For the first nine months of 2026, revenue grew 10% to $146.3 million, supported by a 16% increase at Meridianbet Group and strong online casino growth. Operating cash flow for the period was $17.7 million, allowing the company to repay $9.0 million in debt and reduce total leverage without raising equity capital. The company updated its full-year 2026 revenue outlook to between $195 million and $198 million, citing lower expected revenue from Australia and Brazil. Meridian Holdings Inc. operates as a sports betting and gaming group with online and retail operations across Europe, Africa, and the Americas.