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.
