Summary
Golden Matrix Group Initiation: Strong Buy On Brazil Expansion And Raffle Growth
We initiate on Golden Matrix with a Strong Buy rating, driven by accelerating growth in Brazil and the hyper-growth Raffle segment, underappreciated by the market. Our implied valuation of USD$8 per share is based on a 4x forward EV/Sales multiple on our FY26E revenue estimate, suggests 362% upside. We estimate FY25E revenue of $205mn and FY26E revenue of $260mn, significantly above consensus.
Golden Matrix Group, Inc. (GMGI) Q3 2024 Earnings Call Transcript
Golden Matrix Group, Inc. (NASDAQ:GMGI ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Unidentified Company Representative - Brian Goodman - CEO Zoran Milošević - CEO of Merdianbet Group Conference Call Participants Operator Thank you and good morning, everyone. Welcome to Golden Matrix Group's Third Quarter 2024 Earnings Call.
Golden Matrix Group, Inc. (GMGI) Q2 2024 Earnings Call Transcript
Golden Matrix Group, Inc. (NASDAQ:GMGI ) Q2 2024 Earnings Conference Call August 13, 2023 9:00 AM ET Company Participants Brett Milotte - Senior Vice President of ICR Brian Goodman - Chief Executive Officer of Golden Matrix Group Zoran Milosevic - Chief Executive Officer of Meridianbet Group Conference Call Participants Operator Good day, and welcome to the Golden Matrix Group Second Quarter 2024 Earnings Conference Call and Webcast. All participants will be in a listen-only mode.
Golden Matrix Group Inc. (GMGI) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
When is the next earnings date?
Has Golden Matrix Group Inc. ever had a stock split?
Golden Matrix Group Inc. Profile
| Electronic Equipment, Instruments & Components Industry | Information Technology Sector | William Scott CEO | NASDAQ (CM) Exchange | 381098300 CUSIP |
| US Country | 1,200 Employees | - Last Dividend | 3 Mar 2026 Last Split | - IPO Date |
Overview
Golden Matrix Group, Inc. is a prominent company that specializes in delivering innovative enterprise software-as-a-service (SaaS) solutions tailored for the online casino and sports betting industry. This organization takes pride in developing and possessing a wealth of online gaming intellectual property and in crafting sophisticated gaming platforms designed for clientele primarily situated in the Asia Pacific region and Europe. The company transitioned from its original name, Source Gold Corp., to Golden Matrix Group, Inc. in April 2016, showcasing its evolution and renewed focus on the digital gaming sector. Established in 2008 and headquartered in Las Vegas, Nevada, Golden Matrix Group, Inc. has positioned itself as a key player in enabling online gaming operators to flourish by providing them with robust technology solutions and an expansive array of gaming content.
Products and Services
- Online Gaming Platforms:
- Access to Licensed Gaming Content:
- Reselling of Third Party Gaming Content:
- Desktop and Mobile Applications:
Golden Matrix Group provides comprehensive online gaming platforms that allow customers to efficiently operate online casinos, sportsbooks, lottery, and live games. These platforms are engineered to support a wide variety of gaming activities, ensuring a seamless and engaging experience for end-users. The platforms also enable operators to manage their gaming operations effectively, facilitating everything from user registration to financial transactions.
This service offers Golden Matrix Group's clients access to a diverse portfolio of licensed gaming content. The content, sourced from leading gaming content providers, spans various genres and styles, allowing operators to cater to the varied preferences of their user base. This extensive library includes popular casino games, sports betting options, and lottery games, which are essential for operators aiming to attract and retain players.
In addition to its own offerings, Golden Matrix Group also engages in reselling third party gaming content. This aspect of their service portfolio enables licensed online gaming distributors to enrich their offerings with high-quality games from other notable providers. Through this service, Golden Matrix Group acts as a bridge between content creators and operators, expanding the variety of games available to end-users without necessitating direct partnerships between operators and every content provider.
Understanding the importance of accessibility in today's digital age, Golden Matrix Group provides its platform through both desktop and mobile applications. This dual approach ensures that players can access their favorite games and place bets from virtually anywhere, at any time. The availability of mobile applications, in particular, caters to the growing trend of mobile gaming, allowing operators to reach a broader audience by offering a convenient and user-friendly mobile gaming experience.
