Welcome to our dedicated page for Meridian Holdings news (Ticker: MRDN), a resource for investors and traders seeking the latest updates and insights on Meridian Holdings stock.
Meridian Holdings Inc. reports developments in B2B and B2C online gaming, including sports betting, casino operations, proprietary gaming content and platform licensing. The company, formerly Golden Matrix Group, operates through Meridianbet Group, Expanse Studios, GMAG, RKings Competitions, Mexplay and Classics for a Cause across regulated international markets.
Recurring news themes include operating and financial results, profitability trends, balance-sheet changes, product and platform upgrades, regulated-market activity, governance matters and capital actions. Coverage also reflects the completed corporate rebrand to Meridian Holdings and the alignment of the public company identity with the Meridianbet operating brand.
Meridian Holdings (NASDAQ:MRDN) is marking 25 years since Meridianbet’s 2001 launch, highlighting expansion into 25+ regulated markets across Europe, Africa, and Latin America and a new Brazilian brand partnership with football legend Dejan Petković as Global Brand Ambassador.
The company reports over 1,200 employees, 60%+ female representation, in-house technology via Expanse Studios and GMAG, and its strongest quarter on record with $50.1 million revenue, 17% year-over-year growth, first GAAP-profitable quarter, and Adjusted EBITDA above guidance, alongside a definitive Brazilian federal betting license valid through 2029.
Meridian Holdings (NASDAQ:MRDN) appointed Brazilian football legend Dejan Petković as Global Brand Ambassador and strategic partner.
Petković will launch Pet TV, a sports, culture, and entertainment platform, with Meridianbet as founding partner. In Q1 2026, revenue reached $50.1M (+17% YoY), net income $2.2M, and adjusted EBITDA $6.3M (+26% YoY).
Meridian Holdings (NASDAQ:MRDN) reported Q1 2026 results showing revenue of $50.1M (up 17% YoY) and net income attributable to the company of $2.3M ($0.18 diluted).
Adjusted EBITDA was $6.3M (+26% YoY) with a 12.6% margin. Cash was $16.2M and total debt fell to $29.7M, lowering net debt to $13.4M and annualized net leverage to 0.53x. Meridianbet drove ~70% of group revenue.
Meridian Holdings (NASDAQ:MRDN) reported record full-year 2025 revenue of $182.9M, up 21% YoY, while materially reducing total debt and net leverage.
The company cut total debt to $34.7M (51% decline) and net debt to $16.6M (59% decline), delivered adjusted net income of $3.4M (~$0.29/share) excluding a $91.8M non-cash impairment, and provided Q1 2026 guidance of ~$50M revenue and ~$6.1M adjusted EBITDA.
Meridianbet (NASDAQ: MRDN) launched a fully redesigned digital platform in Malta on March 25, 2026, its longest-standing regulated market. The upgrade introduces an AI-powered assistant, Early Payout mechanics, Bet Boost odds promotions and a redesigned casino interface across mobile and desktop.
In January, Meridianbet completed the acquisition of Fairbet Ltd., expanding its Malta retail network to 20 storefronts.
Meridian Holdings (NASDAQ: MRDN) completed a ticker and branding transition in March 2026 after acquiring Meridianbet Group in 2024, shifting focus from restructuring to measurable financial performance.
Prior filings show 15% YoY quarterly revenue growth, 32% YoY adjusted EBITDA growth, a return to positive net income, and ~37% debt reduction to about 1.2x adjusted EBITDA. Investors will watch upcoming late‑March earnings for revenue, adjusted EBITDA, cash flow, and balance sheet discipline across its B2C and B2B gaming operations.
Meridian Holdings (NASDAQ: MRDN) completed a corporate rebrand effective March 3, 2026, transitioning from Golden Matrix Group and aligning public identity with its operating subsidiary, Meridianbet Group. Q3 2025 results show a profitability inflection from a $3.3M net loss to a $0.4M profit. The company reports a 37% reduction in total debt, leaving $25.9M outstanding since late 2024. Management describes the change as the final stage of Meridianbet integration and positions the new name and ticker to reflect core operations and branding.
Golden Matrix Group (NASDAQ: GMGI) saw a notable increase in institutional backing in Q4 2025 versus Q3 2025, with multiple major banks and asset managers materially expanding positions.
Key moves include UBS (+1171%), Morgan Stanley (+224%), Deutsche Bank (+224%), Whetstone Capital Advisors initiating 413,402 shares, Topline Capital Management +124% to ~1.4M shares, and increased support from Citadel (+45%), BNY Mellon (+58%) and State Street (+26%).
Golden Matrix Group (NASDAQ: GMGI) announced a planned leadership transition on December 8, 2025: CEO Brian Goodman will step down effective December 12, 2025 (or earlier if agreed) and Chairman William Scott will become Interim CEO.
William Scott will also chair the Board committee conducting the search for a permanent CEO and said his near-term priorities are performance, operational optimization, and continued value creation. The company described its position as a diversified, profitable, NASDAQ-listed international gaming group with recurring revenue and expansion into regulated markets.
Argus Research has released an updated equity research report on Golden Matrix Group Inc. (NASDAQ: GMGI), maintaining its revenue forecast of $200 million for 2025. The research firm reaffirmed its fair value estimate for GMGI shares, suggesting significant upside potential from current trading levels. The forecast is supported by GMGI's expansion into new markets and enhanced performance of its AI-driven platform. The company has also strengthened its financial position through debt reduction and by converting acquisition-related obligations into equity.