NetworkNewsBreaks – Golden Matrix Group Inc. (NA
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Posted On: 09/16/2022 3:58:31 PM
NetworkNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Rides on Horizontal, Vertical Growth to Log Best Revenue Quarter Ever
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, has weathered the geopolitical drama and international upheaval that fueled recession concerns amid spiking inflation. None of that stopped the company from having its best revenue quarter ever, spearheaded by horizontal and vertical growth. “The Las Vegas-based company logged record revenues exceeding $9 million in the quarter, an improvement of approximately 177% from $3.25 million in the comparable quarter of fiscal 2021,” a recent article reads. “Meaningful progress in both its flagship business-to-business (‘B2B’) and new business-to-consumer (‘B2C’) divisions undergirded the jump in revenue. GMGI CEO Brian Goodman called the record quarter ‘even more impressive when considering the impact of global economic headwinds and an unfavorable exchange rate throughout the quarter.’… Record quarterly revenue was also spurred by Golden Matrix taking an 80% stake in RKings, the United Kingdom-based owner of a popular skill tournament platform operated in the U.K. and Ireland.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, has weathered the geopolitical drama and international upheaval that fueled recession concerns amid spiking inflation. None of that stopped the company from having its best revenue quarter ever, spearheaded by horizontal and vertical growth. “The Las Vegas-based company logged record revenues exceeding $9 million in the quarter, an improvement of approximately 177% from $3.25 million in the comparable quarter of fiscal 2021,” a recent article reads. “Meaningful progress in both its flagship business-to-business (‘B2B’) and new business-to-consumer (‘B2C’) divisions undergirded the jump in revenue. GMGI CEO Brian Goodman called the record quarter ‘even more impressive when considering the impact of global economic headwinds and an unfavorable exchange rate throughout the quarter.’… Record quarterly revenue was also spurred by Golden Matrix taking an 80% stake in RKings, the United Kingdom-based owner of a popular skill tournament platform operated in the U.K. and Ireland.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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