The following is a summary of the Golden Matrix Group, Inc. (GMGI) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Q3 revenue rose 85% to $41 million, with year-to-date revenue up 55% to $105 million.

• Third quarter gross profit grew 39% to $22.4 million; year-to-date gross profit increased by 24% to $61.8 million.

• Adjusted third quarter EBITDA was $4.3 million despite one-off costs from acquisitions.

• Cash and equivalents stood at $38.4 million; short term debt at $17.5 million with 60% growth in shareholder equity to $94 million.

Business Progress:

• Successfully acquired and integrated Classics for a Cause.

• Enhanced operational performance and market presence through RKings and GMAG platforms.

• Implemented AI-driven tools to improve customer engagement in Merdianbet.

• Expanded the online and retail segments, expecting further growth in Q4.

Opportunities:

• Global expansion and technological advancements in iGaming tools for Golden Matrix.

• Classics for a Cause division signifies potential revenue growth and diversification.

• At Merdianbet, notable advancements in AI tools and new online casino games forecasting enhanced customer engagement and retention.

Risks:

• Residual costs from the integration of recent acquisitions may affect short-term earnings.

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