Golden Matrix Group, Inc. (GMGI)

NASDAQ: GMGI · Real-Time Price · USD
1.860
+0.070 (3.91%)
At close: May 30, 2025, 4:00 PM
1.840
-0.020 (-1.08%)
After-hours: May 30, 2025, 6:55 PM EDT
3.91%
Market Cap 257.41M
Revenue (ttm) 168.99M
Net Income (ttm) -5.70M
Shares Out 138.39M
EPS (ttm) -0.05
PE Ratio n/a
Forward PE 82.67
Dividend n/a
Ex-Dividend Date n/a
Volume 258,839
Open 1.790
Previous Close 1.790
Day's Range 1.760 - 1.885
52-Week Range 1.330 - 6.270
Beta 1.95
Analysts Strong Buy
Price Target 4.00 (+115.05%)
Earnings Date May 8, 2025

About GMGI

Golden Matrix Group, Inc. operates as an B2B and B2C gaming technology company in Central and South America, Europe, and Africa. It develops and licenses gaming platforms; and provides online sports betting and casino, and gaming services. The company is based in Las Vegas, Nevada. [Read more]

Founded 2008
Employees 1,200
Stock Exchange NASDAQ
Ticker Symbol GMGI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to one analyst, the rating for GMGI stock is "Strong Buy" and the 12-month stock price forecast is $4.0.

Price Target
$4.0
(115.05% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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 s...

2 days ago - Seeking Alpha

GMGI Insider Buying: Group CFO Picks Up 10,000 Shares

Las Vegas, Nevada--(Newsfile Corp. - May 30, 2025) - Golden Matrix Group Inc. (NASDAQ: GMGI), a global provider of iGaming and sportsbook technology, announced an insider purchase of 10,000 GMGI share...

2 days ago - Newsfile Corp

Argus Research Reaffirms $200M 2025 Revenue Forecast for Golden Matrix (GMGI)

Las Vegas, Nevada--(Newsfile Corp. - May 23, 2025) - Argus Research has issued an updated equity research report about Golden Matrix Group Inc. (NASDAQ: GMGI), reiterating its fair value estimate for ...

9 days ago - Newsfile Corp

A Quiet Green Revolution of Meridianbet (Golden Matrix Group): 80 Sustainability Projects in Q1 2025 Only

A Public Company's Grassroots Approach to Ecology and Sustainability A Public Company's Grassroots Approach to Ecology and Sustainability

10 days ago - GlobeNewsWire

Top 3 Tech And Telecom Stocks That May Rocket Higher This Month

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

Other symbols: IOTROB
13 days ago - Benzinga

Expanse (GMGI) Completes Multiple U.S. Integrations and Launches New Flagship Slot

Las Vegas, Nevada--(Newsfile Corp. - May 16, 2025) - Expanse Studios, the proprietary B2B game development unit of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed multiple new inte...

15 days ago - Newsfile Corp

Meridianbet (GMGI) Highlights 2024 Achievements Ahead of Full ESG Report Release

Valletta, Malta--(Newsfile Corp. - April 22, 2025) - Meridianbet, a leading global sports betting and iGaming operator, part of the Golden Matrix Group (NASDAQ: GMGI), is pleased to share key ESG mile...

5 weeks ago - Newsfile Corp

Meridianbet (Golden Matrix) Highlights 2024 Achievements Ahead of Full ESG Report Release

VALLETTA, Malta, April 22, 2025 (GLOBE NEWSWIRE) -- Meridianbet, a leading global sports betting and iGaming operator, part of the Golden Matrix Group (NASDAQ: GMGI), is pleased to share key ESG miles...

5 weeks ago - GlobeNewsWire

Expanse Studios (GMGI) Enters Strategic Distribution Partnership with BetConstruct

Valletta, Malta--(Newsfile Corp. - April 11, 2025) - Expanse Studios, the iGaming division of Golden Matrix Group Inc. (NASDAQ: GMGI), has announced a strategic partnership with BetConstruct, one of t...

7 weeks ago - Newsfile Corp

Meridianbet (GMGI) Launches "Watch & Bet" -- New In-Play Feature to Accelerate User Monetization and Core Revenue Growth

Valletta, Malta--(Newsfile Corp. - April 4, 2025) - Meridianbet, part of Golden Matrix Group Inc. (NASDAQ: GMGI), today announced the launch of Watch & Bet, a new mobile feature that enables users to ...

2 months ago - Newsfile Corp

Argus Research Initiates Equity Research Report Coverage on Golden Matrix Group, Inc. (NasdaqCM: GMGI)

NEW YORK , April 3, 2025 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Research Report coverage on Golden Matrix Group, Inc. (NasdaqCM: GMGI) Click Here ...

2 months ago - PRNewsWire

Expanse Studios (GMGI) Secures Brazilian iGaming Certification

Las Vegas, Nevada--(Newsfile Corp. - April 2, 2025) - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has received the game certification for the Brazilian market. Issued by ...

2 months ago - Newsfile Corp

Expanse (GMGI) Strengthens European Presence with Slotino Integration

Las Vegas, Nevada--(Newsfile Corp. - March 17, 2025) - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), continues its international expansion with a new partnership with Sloti...

2 months ago - Newsfile Corp

Meridianbet (GMGI) Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market

Lagos, Valetta--(Newsfile Corp. - March 13, 2025) - Meridianbet, a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI), has officially launched its B2B operations in Nigeria, one of the largest and...

2 months ago - Newsfile Corp

Meridianbet Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market

Meridianbet, part of Golden Matrix (NASDAQ: GMGI), expands B2B operations into Nigeria with a licensed launch, tapping into a $2B market and driving growth

2 months ago - GlobeNewsWire

Expanse (GMGI) Submits Application for iGaming License in Romania

Valletta, Malta--(Newsfile Corp. - March 11, 2025) - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), continues its strategic expansion by applying for a Class 2 iGaming licen...

2 months ago - Newsfile Corp

Meridianbet (GMGI) Executes 258 CSR Actions in 2024, Launches Global Book Donation Campaign to Support Culture and Education

Valletta, Malta--(Newsfile Corp. - March 7, 2025) - Meridianbet, part of the Golden Matrix Group (NASDAQ: GMGI), executed 258 Corporate Social Responsibility (CSR) initiatives across Europe, Africa, a...

3 months ago - Newsfile Corp

Institutional Confidence in Golden Matrix Group (GMGI) Soars in Q4 2024

Las Vegas, Nevada--(Newsfile Corp. - March 3, 2025) - Publicly disclosed data shows a significant increase in institutional ownership of Golden Matrix Group, Inc. (NASDAQ: GMGI) in Q4 2024 compared to...

3 months ago - Newsfile Corp

Expanse (GMGI) Completes 5th U.S. Sweepstakes Integration

Las Vegas, Nevada--(Newsfile Corp. - February 28, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has officially launched its gaming on the fifth U.S. sweepstakes casino, fur...

3 months ago - Newsfile Corp

Expanse (GMGI) Completes 5th U.S. Sweepstakes Integration, Now Live with Yotta

Las Vegas, Nevada--(Newsfile Corp. - February 28, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has officially launched its gaming content on Yotta, marking the fifth U.S. ...

3 months ago - Newsfile Corp

Expanse Studios (GMGI) Completes 4th U.S. Sweepstakes Integration

Las Vegas, Nevada--(Newsfile Corp. - February 25, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed its fourth major integration in the U.S. sweepsta...

3 months ago - Newsfile Corp

Expanse (GMGI) Launches Game #55, Adds to U.S. Social Casino-Compatible Offer

Las Vegas, Nevada--(Newsfile Corp. - February 14, 2025) - The U.S. sweepstakes and social casino market is evolving rapidly, and Expanse Studios--part of Golden Matrix Group Inc. (NASDAQ: GMGI)--conti...

3 months ago - Newsfile Corp

Meridianbet Reports Over $9 Million in January 2025 Revenue, Achieving 24% YoY Growth

VALETTA, Malta, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Meridianbet, part of the Golden Matrix Group, Inc. (NASDAQ: GMGI), a leading provider of innovative betting, gaming and technology solutions across 19...

3 months ago - GlobeNewsWire

Golden Matrix (GMGI) Ready for Super Bowl LIX with 900+ AI-Powered Lines & Prop Bets

Las Vegas, Valetta--(Newsfile Corp. - February 9, 2025) - The Super Bowl LVIII is just hours away. Meridianbet, part of Golden Matrix Group (NASDAQ: GMGI), is setting new industry standards, rolling o...

3 months ago - Newsfile Corp

Meridianbet Ready for Super Bowl LIX Record with with 900+ AI-Powered Lines & Prop Bets

Over 880 unique betting options now available, surpassing last year's record-breaking offer Philadelphia Eagles hold a 1.5-point spread advantage over the Kansas City Chiefs, with Eagles as -120 money...

3 months ago - GlobeNewsWire