Golden Matrix Group Q1 Earnings Call Highlights

Meridian Holdings reported first-quarter 2026 results that marked its archetypal GAAP-profitable 4th nether the Meridian Holdings brand, driven by double-digit gross growth, expanded profitability, and continued indebtedness reduction.

First-quarter results: gross up 17%, instrumentality to GAAP profitability

Interim Chief Executive Officer William Scott said the 4th represented a milestone for the company, calling it “the archetypal 4th successful which we reported GAAP profitability nether Meridian Holdings brand.”

→ Pipelines and Automation: 2 Energy Plays Built for Any Oil Price

For Q1 2026, Meridian posted gross of $50.1 million, up 17% from $42.7 cardinal successful the prior-year 4th and successful enactment with guidance antecedently issued connected the company’s Q4 2025 net call, according to Chief Financial Officer Rich Christensen. Adjusted EBITDA was $6.3 million, up 26% twelvemonth implicit year, representing a 12.6% margin. Scott noted that the institution exceeded its anterior adjusted EBITDA guidance of $6.1 million.

Meridian reported net income of $2.2 million, oregon $0.18 per diluted share, compared with a nett nonaccomplishment of $300,000, oregon $0.02 per diluted share, successful Q1 2025. Christensen said income from operations was $3.2 million, a $3.3 cardinal betterment from a tiny operating nonaccomplishment successful the year-ago period, attributing the alteration to operating leverage arsenic gross scaled alongside outgo discipline.

→ 3 Stocks Poised to Grow connected European Rearmament Spending

Gross nett was $28.1 million, with a 56.2% gross margin, compared with 56.6% successful Q1 2025. Christensen said margins were “consistent with the anterior period,” with the premix displacement reflecting high-margin Meridianbet contributions partially offset by early-stage economics successful smaller markets.

Meridianbet led maturation and profitability, Brazil ramps

Christensen said gross maturation was “broad-based crossed our portfolio,” but led by Meridianbet, which delivered $34.9 million successful Q1 revenue, up astir 26% twelvemonth implicit twelvemonth and representing astir 70% of full institution revenue.

→ 3 Overlooked Nuclear Fuel Supply Chain Winners

Zoran Milosevic, CEO of Meridianbet Group, said the show reflected execution crossed “our 25 regulated markets” and scaling of maturation initiatives. He highlighted lawsuit maturation metrics, including:

• 428,400 registrations, up 41% twelvemonth implicit year

• 333,000 progressive users, up 21%

• 283,000 depositors, up 27%

Milosevic said the conversion from registration to enactment and depositing indicates the institution is “not lone acquiring customers astatine an accelerating pace, we are converting and retaining them.” He besides pointed to Brazil arsenic an important maturation marketplace pursuing its 2025 launch, saying the institution has built section partnerships and invested successful locally applicable contented and idiosyncratic acquisition portion positioning Meridianbet arsenic a “credible, compliant operator.”