Golden Matrix Group, Inc. (GMGI)

Golden Matrix Group's stock price has declined approximately 47.94% in the past six months. The company reported record monthly revenues of $15.7 million in July 2025 and $17.8 million in August 2025, with year-over-year increases. Despite revenue growth, the company reported a net loss of $3.6 million in Q2 2025. Golden Matrix received a "Strong Buy" rating initiation from an analyst in May 2025 and secured a permanent online betting license in Brazil. There have been instances of insider buying and selling, with the CFO purchasing shares and the CEO and a director selling shares.

Information regarding the demand seasonality for Golden Matrix Group's products and services is not explicitly available. However, for its stock, October has historically favored a short bias, with the next statistically strong window culminating around November 15, 2025.

Golden Matrix Group, Inc. is a B2B and B2C gaming technology company based in Las Vegas, Nevada, operating in the electronic gaming and multimedia industry. It develops and licenses gaming platforms, providing online sports betting, casino, and gaming services. Its major products include the GM-AG (Atlas) iGaming aggregator platform and B2C operations through Meridianbet, Expanse Studios, MexPlay, R Kings Competitions, and Classics For A Cause. The company also provides enterprise software-as-a-service (SaaS) solutions for iGaming operators.

Golden Matrix Group operates in over 25 global markets across four continents, including Central and South America, Europe, Africa, and the Asia-Pacific region. The Meridianbet subsidiary operates in 18 markets.

Golden Matrix Group's brand reputation has been positively impacted by its strategic merger with Meridianbet Group in April 2024. Meridianbet is recognized for its strong consumer recognition in its operating markets. The company emphasizes its commitment to corporate social responsibility and its continuous growth in digital user engagement and expansion into emerging markets.

Golden Matrix Group's ownership is primarily held by insiders, who own approximately 85.11% of the company. Retail investors hold about 13.26%, and institutional shareholders hold around 2.59%. The largest individual shareholder is Aleksandar Milovanovic, owning 61.17% of the company. Other major individual insider owners include Anthony Brian Goodman, Zoran Milosevic, Snezana Bozovic, Weiting Feng, and Thomas McChesney. Major institutional shareholders include BlackRock, Inc., Geode Capital Management, LLC, Vanguard Group Inc., Goldman Sachs Group Inc., and Northern Trust Corp.