Meridian Holdings Inc.

Golden Matrix reported Q3 2024 consolidated revenue of $41 million, up 85% year over year. Gross profit was $22.4 million, up 39% year over year, and adjusted EBITDA was $4.3 million. Year-to-date revenue increased 55% to $105 million, and year-to-date gross profit increased 24% to $61.8 million. The company ended September 30 with over $38.4 million in cash and equivalents and $17.5 million in short-term debt; shareholder equity increased 60% to $94 million. Looking ahead, management said Q4 has started strongly and the company is on track to set new records, but did not provide formal numeric guidance.

Brian Goodman emphasized broad-based growth, stronger margins, and the benefits of recent acquisitions, while acknowledging residual one-time costs from the Merdianbet and Classics for a Cause integrations. He said those costs are now behind the company and that management is focused on cost efficiencies, rationalization, and tighter controls to improve profitability. His tone was upbeat, repeatedly citing October strength, strong balance sheet flexibility, and confidence in the company’s future prospects.

No separate CFO spoke on the call. Financial commentary came from Brian Goodman, who highlighted the company’s $38.4 million in cash and equivalents, $17.5 million of short-term debt, and $94 million of shareholder equity. He also pointed to the Q3 gross margin improvement at GMAG to 26.2% and noted that one-off consolidation and integration costs weighed on the quarter but were expected to fade.

There was no analyst Q&A segment in the transcript. As a result, no external concerns were raised and management did not have to address follow-up questions. The closest thing to Q&A was management’s own commentary on integration costs, margin improvement, and confidence in Q4.