Golden Matrix Group, Inc. (GMGI)

The stock price experienced a significant decline, dropping from $2.32 on November 29, 2024, to $0.76 on November 26, 2025. Golden Matrix reported record quarterly revenues in Q3 FY 2025 and strong Q1 results, eliminated debt, and accelerated market expansion. However, Q2 2025 saw a net loss of $3.6 million. Insider transactions included CEO Anthony Brian Goodman selling shares and CFO Richard Christensen purchasing shares. Aleksandar Milovanovic completed an $8 million cash-to-equity conversion. Freedom Capital Markets initiated coverage with a "Buy" rating, and the consensus rating is "Hold" or "Moderate Buy."

The provided search results do not contain explicit information regarding the demand seasonality for Golden Matrix Group, Inc.'s products and services.

Golden Matrix Group, Inc. (GMGI) is a gaming technology company involved in developing, licensing, and operating online gaming and e-commerce platforms globally, functioning in both B2B and B2C segments. The B2B division develops and licenses gaming platforms, while the B2C division manages e-commerce sites and online casino operations. Key products include iGaming Platforms, Meridianbet Group, Expanse Studios, MexPlay, R Kings Competitions (RKings), Classics For A Cause, and GMAG (GM-Ag System).

Golden Matrix Group, Inc. operates in over 25 global markets and 17 countries across four continents, including the UK, Europe, Asia Pacific, Central and South America, Australia, and Africa. The Meridianbet subsidiary operates in 18 markets, and the company recently secured a license in Brazil.

Specific negative events impacting Golden Matrix Group, Inc.'s brand reputation are not detailed. However, positive developments include strong financial performance with record quarterly revenues, market expansion into new markets like Brazil, expansion of Meridianbet's sports product lineup, and the strategic acquisition of Meridianbet Group.

Golden Matrix Group, Inc. has a notable ownership structure with a significant portion held by insiders, owning 85% of the shares. Aleksandar Milovanovic is the largest individual shareholder, followed by Anthony Brian Goodman and Zoran Milosevic. Institutional investors, including BlackRock, Inc. and Vanguard Group Inc, hold approximately 2.63% to 4.06% of the company's shares.