Golden Matrix generates revenue of $44m+ for 2023 fiscal year

November 21, 2023
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The developer reported a fiscal year revenue increase of 22%, up from $36m in 2022.

Supplier Golden Matrix has revealed its revenue for the fiscal year 2023. The company, which creates, licenses and operates platforms, systems and games, made revenue of over $44m, which from the company's fiscal 2022 earnings of $36m is an increase of more than roughly 22%. 

According to Golden Matrix and based on preliminary estimates, it has also broken its Q4 revenue record, estimating a revenue of $11.7m.  

Golden Matrix has had several notable developments in 2023. Examples include its acquisition of MeridianBet Group, with reports in October stating that an amended version of the acquisition was pending. The company operates in territories including Europe, LatAm and Africa, and has been in operation for over 20 years.  

On the acquisition, Golden Matrix Group CEO Brian Goodman said, “We look forward to the closing of this strategic acquisition. 

“We believe the combined enterprise will be a highly competitive participant in gaming markets worldwide, offering casino games, sports betting and tournament competitions in multiple jurisdictions.” 

Goodman also stated that preliminary estimates show that the company is also on track to deliver a positive cash flow. These estimates suggest that cash-on-hand at the end of fiscal 2023 will be up 14% from fiscal 2022; however, these results are not conclusive.  

Further financial results for this fiscal year, which concluded October 31, will be available in Golden Matrix Group’s Annual Report on Form 10-K filing.  

On this fiscal year's results, Goodman said, “We are extremely pleased with the consistent progress made during this past year.”  

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