Golden Matrix Group Reports First GAAP-Profitable Quarter with Revenue Growth and Debt Reduction
Golden Matrix Group (GMGI) reported its first GAAP-profitable quarter in Q1 2026, with revenue rising 17% year-over-year to $50.1 million and adjusted EBITDA increasing 26% to $6.3 million. The company also reduced its net debt by 62% YoY and guided Q2 revenue between $51–$53 million, citing the World Cup as a potential growth catalyst.
Topics: balance sheet earnings EBITDA guidance profitability revenue growth