Q4 2024 Golden Matrix Group Inc Earnings Call

Thank you and good morning, everyone welcome to Golden matrix groups fourth quarter and full year 'twenty 'twenty four earnings call. We appreciate you joining us today on today's call are Brian Goodman CEO of <unk>.

Operator: Thank you and good morning everyone. Welcome to Golden Matrix Group's fourth quarter and full year 2024 earnings call. We appreciate you joining us today.

Operator: On today's call are Brian Goodman, CEO of Golden Matrix Group.

Matrix group.

Operator: Zoran Milošević, CEO of MeridianBat Rich Christensen, CFO of Golden Matrix. Brian and Zoran will provide an operational and strategic update, while Rich will walk through our financial performance and capital allocation strategies.

Zoran Malosovich C E O of Meridian bet.

Rich Christiansen: Rich Christiansen CFO of Golden Matrix group.

Speaker Change: Ryan and Zoran will provide an operational and strategic update well rich will walk through the our financial performance and capital allocation strategy.

Operator: At the conclusion of this call, the recording and support resources will be available on Golden Matrix Group's IR website. As a reminder, today's call will contain four looking statements. Certain statements made on this conference call, including our responses to questions, may constitute forward-looking information within the meaning of applicable securities laws. These statements are based on various assumptions about future events, including market and economic conditions, business prospects, technological developments, and other factors. and Regulatory Changes. While we believe these assumptions are reasonable, they are subject to risks and uncertainties that could cause actual results to differ materially.

Speaker Change: At the conclusion of this call the recording and support resources will be available on Golden matrix groups I. Our website as a reminder, today's call will contain forward looking statements.

Speaker Change: Certain statements made on this conference call, including our responses to questions may constitute forward looking information within the meaning of applicable securities laws. These statements are based on various assumptions about future events, including market and economic conditions business prospects.

Speaker Change: Technological developments and regulatory changes, while we believe these assumptions are reasonable they are subject to risks and uncertainties that could cause actual results to differ materially for a complete discussion of these factors. Please refer to our most recent 10-K filing and other public disclosures.

Operator: For a complete discussion of these factors, please refer to our most recent 10-K filing and other public disclosures. Non-GAAP measures will be discussed and reconciliation of these numbers can also be found in our recently filed 10-K and earnings press release available on our website.

Speaker Change: non-GAAP measures will be discussed and reconciliation of these numbers can also be found in our recently filed 10-K and earnings press release available on our website.

Brian Goodman: I will now hand it over to Brian Goodman, CEO of Golden Matrix Group. Thank you and welcome everyone. I'm pleased to be here today to discuss Golden Matrix Group's fourth quarter and full year financial results for 2024, and to share updates on our strong growth momentum and market expansion.

I will now hand, it over to Brian Goodman CEO of Golden Matrix Group.

Speaker Change: Thank you and welcome everyone I'm pleased to be here today to discuss Golden matrix groups fourth quarter and full year financial results for 2024.

Shay: Thank you Shay update so now strong growth momentum and market expansion.

Brian Goodman: Joining me today are Soren Milosevic, CEO of Meridian Bet, who will discuss Meridian Bet's performance, and Rich Christensen, our new CFO, who will provide a detailed overview of our financial results and capital strategy. Today's discussion will focus on Operational Highlights, Marketing Expansion and Strategic Execution, Divisional Performance, Financial Results and Capital Allocation.

Zoran Milošević: Joining me today, all Zoran Milosevic CEO of Meridian, Bates, who will discuss meridian based patrolman enriched christiansen, our new CFO, who will provide a detailed overview of our financial results and capital strategy.

Zoran Milošević: Today's discussion will focus on operational highlights marketing expansion and strategic execution divisional performance financial results and capital allocation and lastly, our 2025 outlook.

Brian Goodman: And lastly, our 2025... Starting with Operational and Marketing Expansion Updates, 2024 has been a transformational year for Golden Matrix, reflecting broad-based growth, strong execution, and continued momentum as we scale our iGaming and online sports betting operations globally. despite a high competitive landscape. We have a distinct advantage, provided by our diversity, increasing global footprint, state-of-the-art technology, AI-driven product enhancements, and customer acquisition efficiencies, which have strengthened our market position, revenues, and profitability. Additionally, our strategic acquisitions of Meridian Bets and Classics for a Cause have enhanced our brand value, expanded our revenue base, and reinforced our competitive positioning in high-growth, high-gaming markets.

Zoran Milošević: Starting with operational and marketing expansion update.

Zoran Milošević: 2024 has been a transformational year for Golden matrix, reflecting broad based growth.

Zoran Milošević: <unk> execution and continued momentum as we scale, our gaming and online sports betting operations globally.

Zoran Milošević: Despite the high competitive landscape.

Zoran Milošević: We have a distinct advantage provided by al diversity, increasing global footprint state of the art technology.

Hansman: Driven product team Hansman.

Hansman: And customer acquisition efficiency efficiencies, which have strengthened our market position revenues and profitability.

Hansman: Additionally, our strategic.

Hansman: Acquisitions of Meridian, Bates and classics for recalls have been hence our brand value.

Hansman: <unk> revenue base and reinforced our competitive positioning in high growth high gaming markets.

Hansman: Financial year 2024 has also been a year of unprecedented scalability driven by our Nextgen technology and a pallet optimization tools as we continue to expand our footprint in high growth regulated markets. We are.

Brian Goodman: Financial year 2024 has also been a year of unprecedented scalability driven by our next-gen technology and our AI-powered optimization tools. As we continue to expand our footprint in high-growth regulated markets, we remain well positioned to capitalize on digital megatrends, increase player acquisition efficiency, and solidify our leadership in the global iGaming and Sportsbook ecosystems. We are pleased to have Rich Christensen join us as our CFO.

Hansman: We remain well positioned to capitalize on digital Mega trends increased player acquisition efficiency and solidify our leadership in the global on gaming and sports book ecosystem.

Hansman: We are pleased to have reached Christensen join us as our CFO.

Brian Goodman: Rich is a seasoned finance executive with over 25 years of experience in corporate finance, capital markets, M&A, and financial operations at multi-billion dollar companies, most recently at True Blue Incorporation. He led global finance, accounting, and treasury functions, implementing global cloud-based ERP technology, and drove strategic restructuring initiatives, as well as financial automation.

Rich Christiansen: Rich is a seasoned finance executive with over 25 years of experience in corporate finance capital markets M&A and financial operations at multibillion dollar companies. Most recently at true Blue incorporation.

Rich Christiansen: He led global finance accounting and Treasury functions implementing global cloud based ERP technology and drove strategic restructuring initiatives as well as financial automation.

Rich Christensen: I'll now hand you over to Rich to discuss our financial performance and capital strategy. Thank you, Brian, and thank you for the kind words. I look forward to working with you and your team to drive profitable growth, enhance our internal and external customer service, and partner with our operations teams to create value.

Rich Christiansen: I'll now hand, you over to rich to discuss our financial performance and capital strategy.

Rich Christiansen: Thank you, Brian and thank you for the kind words I look forward to working with you and your team to drive profitable growth enhance our internal and external customer service and partner with our operations teams to create value.

Rich Christensen: Good morning, everyone. I'm excited to be part of Golden Matrix Group and to present our Fiscal 2024 Financial Results and Capital Allocation Strategy. This has been a transformational year with strong revenue growth, disciplined cost management, and exciting developments in our product portfolios. Our focus remains on profitability, operational efficiency, and maximizing shareholder value.

Rich Christiansen: Good morning, everyone I'm excited to be part of Golden Matrix group and present, our fiscal 2024 financial results and capital allocation strategy.

Rich Christiansen: This has been a transformational year with strong revenue growth disciplined cost management and exciting developments in our product portfolios, our focus remains on profitability operational efficiency and maximizing shareholder value.

Rich Christensen: First, let's go to the financial performance for fiscal 2024. Revenue grew by 63% to 151 million. Our organic revenue growth rate was 17% reflecting strong contributions from all of our businesses. Gross profit increased 30% year-over-year to $89 million, supported by our higher-margin gaming products and AI-driven customer engagement. Net income declined 111% year-over-year to a net loss of $1.5 million primarily due to the amortization of acquisition-related intangible assets of $4.5 million, stock-based compensation of $4.7 million, interest expense of $3.5 million, and restructuring expense of $2.2 million. Adjusting for these costs, adjusted EBITDA rose 4% to $22.2 million.

Rich Christiansen: First let's go to the financial performance for fiscal 2024.

Rich Christiansen: Revenue grew by 63% to $151 million or or by our organic revenue growth rate was 17%, reflecting strong contributions from all of our businesses.

Rich Christiansen: Gross profit increased 30% year over year to $89 million supported by our higher margin gaming products and AI driven customer engagement.

Rich Christiansen: Net income declined to 111% year over year to a net loss of $1 5 million, primarily due to the amortization of acquisition related intangible assets of $4 5 million stock based compensation of $4 7 million interest expense of $3 5 million and restructure.

Rich Christiansen: <unk> expense of $2 2 million adjusting for these costs adjusted EBITDA rose, 4% to $22 2 million.

Rich Christensen: Turning to the fourth quarter, revenue grew by 81% to $46 million, with an organic revenue growth rate accelerating to 20%. Gross profit also improved in the fourth quarter, increasing by 45% year-over-year to $26.8 million, demonstrating improving profitability as our offerings continue to scale. Net income declined 207% year-over-year to a net loss of $2 million, primarily due to acquisition-related interest expense of $2.7 million, amortization of $1.5 million, and restructuring costs of $1.2 million. as well as stock-based compensation of $1.5 million. Adjusting for these costs, Adjusted EBITDA grew 69% to $6.5 million, demonstrating strong operating leverage as we finish the year.

Rich Christiansen: Turning to the fourth quarter revenue grew by 81% to $46 million with an organic revenue growth rate accelerating to 20%.

Rich Christiansen: Gross profit also improved in the fourth quarter, increasing by 45% year over year to $26 8 million demonstrating improving profitability as our off rate offerings continue to scale.

Rich Christiansen: Net income declined 207% year over year to a net loss of $2 million, primarily due to acquisition related interest expense of $2 7 million amortization of $1 5 million and restructuring costs of $1 2 million.

Rich Christiansen: As well as stock based compensation of $1 5 million.

Rich Christiansen: Adjusting for these costs adjusted EBITDA grew 69% to $6 5 million demonstrating strong operating leverage as we finish the year.

Rich Christensen: We continue to have a strong balance sheet. Cash and cash equivalents stood at $30 million, reflecting healthy liquidity and financial flexibility. And our net debt leverage ratio of 1.8 positions us for continued investment in high growth opportunities. These results demonstrate our ability to scale efficiently while delivering profitable growth.

Rich Christiansen: We continue to have a strong balance sheet cash and cash equivalents stood at $30 million, reflecting healthy liquidity and financial flexibility and our net debt leverage ratio of 1.8 positions us for continued investments in high growth opportunities.

Rich Christiansen: These results demonstrate our ability to scale efficiently, while delivering profitable growth.

Rich Christiansen: We remain committed to deploying capital in a disciplined manner to support first our strategic growth initiatives by expanding into high value gaming verticals and new geographies second our technology innovation through investing in AI, driven personalization and live betting experiences.

Rich Christensen: We remain committed to deploying capital in a disciplined manner to support, first, our strategic growth initiatives by expanding into high-value gaming verticals and new geographies. Second, our technology innovation through investing in AI-driven personalization and live betting experiences. Third, operational efficiencies from expanding margins and leveraging cost synergies across acquisitions and creating operating leverage. And of course, maximizing shareholder returns through maintaining a balanced approach to our use of free cash flow and leverage to support growth, invest in our offerings, and reduce net interest and cash taxes. With a strong balance sheet and positive free cash flow, we are well positioned to drive sustainable growth and maximize long-term shareholder value.

Rich Christiansen: Third operational efficiencies from expanding margins and leveraging cost synergies across the acquisitions and creating operating leverage and of course maximizing shareholder returns through maintaining a balanced approach to our use of free cash flow and leverage to support growth invest in our offerings and reduce net interest and cash tax.

Rich Christiansen: And stayed.

Rich Christiansen: With a strong balance sheet and positive free cash flow, we are well positioned to drive sustainable growth and maximize long term shareholder value.

Brian Goodman: I will now hand you back to Brian Goodman to discuss divisional performance. Thanks, Rich. Golden Matrix's success is built on the strength of our diverse business units, each contributing to our broad-based growth and market expansion. A multi-pronged and diversified approach ensures we are well positioned across multiple verticals, allowing us to capitalize on high growth opportunities in both B2B and B2C segments. Each of our core divisions delivered strong results in 2024, reflecting the effectiveness of our strategic execution and operational resilience. Taking a closer look at each division's performance, starting with our UK operating Arking's competitions and its record-breaking performance, Arking's has once again delivered an exceptional year of growth, setting new all-time records across sales and profitability.

Speaker Change: I will now hand, you back to Brian Goodman to discuss divisional performance Brian.

Speaker Change: Thanks Rich.

Speaker Change: Golden Matrix of success is built on the strength of <unk> business units, each contributing to our broad based growth and market expansion and.

Speaker Change: Our multi pronged and diversified approach ensures we are well positioned across multiple verticals, allowing us to capitalize on high growth opportunities in both b to B and B to C segment each of our core divisions delivered strong results in 2024, reflecting.

Speaker Change: The effectiveness of our strategic execution and operational resilience, taking a closer look at each divisions performance, starting with our U K operating all kings competitions and each record breaking performance Oh Kings has once again delivered in <unk>.

Speaker Change: Exceptional Europe growth.

Speaker Change: The new all time records across sales and profitability, we continue to see strong engagement and increasing tickets sales reinforcing all kings is a leading tournament platform in the U K.

Brian Goodman: We continue to see strong engagement and increasing ticket sales, reinforcing Arking's as a leading tournament platform in the UK. Our organic revenue in fiscal 2024 surged 30%, reaching $36 million, up from $28 million in the comparable prior year. Arking's awarded an impressive $22 million in prizes in 2024. Gross profit also saw a significant boost, climbing to $6.3 million from $5.8 million in 2023. One of our recent competitions, offering the choice between £400,000 in cash or a four-bedroom house and a rare Lamborghini, sold 116,000 tickets, generating $665,000 in total revenue for one single tournament.

Speaker Change: Organic revenue in fiscal 2020, full surged, 30%, reaching $36 million up from 28 million in the comparable prior year.

Speaker Change: King's awarded an impressive $22 million in prices in 2024 gross profit also saw a significant boost coming to $6 3 million from <unk> 8 million in 2023, one of our recent competitions offering that.

Speaker Change: Joyce between 400000 pounds in cash or a full bedroom house and a red Lamborghini sold 116000 tickets generating $665000 in total revenue for one single tournament.

Brian Goodman: With growing player demand and a highly scalable model, Arking's is positioned for continued expansion and record-breaking success in 2020.

Speaker Change: With growing demand and a highly scalable model all kings is positioned for continued expansion and record breaking success in 2025.

Speaker Change: [noise] Gmg, our seamless b to B gaming platform <unk> has delivered outstanding growth. This year reinforcing golden matrix is market leading position in the industry.

Brian Goodman: GMG, our seamless B2B gaming platform. GMG has delivered outstanding growth this year, reinforcing Golden Matrix's market-leading position in the industry. In just Q4 alone, wagering volume grew by 27% to $1.14 billion, contributing towards a total of $4.7 billion for the year, an impressive growth of 84% over 2023. This exciting growth reflects strong demand for our platform and a highly scalable infrastructure. We have also seen strong margin expansion driven by high demand, gaming offerings and a more diversified content portfolio. To further enhance sales penetration and strengthen customer retention, we continue to expand our game portfolio, onboarding more game providers to offer a wider selection of high-performing titles.

Speaker Change: In just Q4 alone wagering volume grew by 27% to $1.14 billion contributing towards a total of $4 $7 billion for the year, an impressive growth of 84% of the 2023.

Speaker Change: This exciting growth reflects strong demand for our platform and a highly scalable infrastructure. We have also seen strong margin expansion driven by high demand gaming offerings and a more diversified content pool.

Speaker Change: Earlier.

Speaker Change: To further enhance sales penetration and strengthen customer retention, we continue to expand our game portfolio Onboarding more game providers to offer a wider selection of high performing titles.

Brian Goodman: With our commitment to innovation, GMAG is perfectly positioned to drive sustained growth and maximize value for operations and players alike.

Speaker Change: With our commitment to innovation <unk> is perfectly positioned to drive sustained growth and maximize value for operations and players alike.

Speaker Change: [noise] classics for Kohl's, our newest Australia acquisition.

Brian Goodman: Classics for a Cause, our newest Australian acquisition. Classics for a Cause has had an outstanding year, achieving new milestones in membership and revenue. We have broken the ceiling of 10,000 active VIP members, collectively generating over $300,000 per month in recurring revenue.

Speaker Change: So that's it for of course had head has had an outstanding year, achieving new milestones in membership and revenue.

Speaker Change: We have broken the ceiling of 10000 active the ERP members collectively generating over $300000 per month in recurring revenue. Additionally, we all sit to surpass 2 million orders in just a few months and achievement that underscores the.

Brian Goodman: Additionally, we are set to surpass 2 million orders in just a few months, an achievement that underscores the incredible momentum behind this platform and the potential that lies ahead. Beyond growth, our commitment to giving back to our military, veteran, charity partners and other charitable organizations remains a core pillar of our success.

Speaker Change: <unk> momentum behind this platform and the potential that lies ahead.

Speaker Change: Beyond growth, our commitment to giving back to our military veteran charity partners and other charitable organization remains a core pillar of our success.

Brian Goodman: Looking ahead, expansion remains a top priority. In just six months of ownership, we've launched a fully enhanced next-gen website to elevate the user experience and to drive further engagement. With a strong foundation in place, we are well positioned to grow Classics for a cause significantly in the coming years.

Speaker Change: Looking ahead expansion remains a top priority in just six months of ownership, we've launched a fully enhanced nexgen website to elevate the user experience and to drive further engagement.

Speaker Change: With a strong foundation in place, we are well positioned to grow plastics water cooled significantly in the coming years.

Speaker Change: Mixed play a Mexican operating casinos.

Brian Goodman: Mixplay, our Mexican operating casino. Mixplay continues to establish itself as a fast-growing brand in LATAM. showing strong revenue momentum despite fluctuations in wagering volume. In 2024, cash deposits rose to $5.1 million, a 273% increase of $1.9 million over 2023, reflecting consistent play engagement and delivering high margin. Gross gaming revenue for the year grew 318% to $2.1 million, up from $600,000 in 2023, underscoring our ability to optimize and maximize player value.

Speaker Change: <unk> continues to establish to establish itself as a fast growing brand in Latam.

Speaker Change: Showing strong revenue momentum despite fluctuations in wagering volume in 2020 for cash deposits rose to $5 $1 million, a 273% increase of $1 9 million over 2023 reflect.

Speaker Change: Being consistent player engagement and delivering higher margins gross gaming revenue for the year grew 318% to $2 1 million up from $600000 in 2023.

Speaker Change: Underscoring our ability to optimize and maximize their value as.

Brian Goodman: As we continue to expand MechSplay's market presence, our strategy remains focused on enhancing player acquisition, refining promotional offerings, and leveraging AI-driven engagement, as well as loyalty tools, to drive sustainable long-term growth.

Speaker Change: As we continue to expect to expand mixed plate market presence. Our strategy remains focused on enhancing player acquisition refining promotional offerings and leveraging AI driven engagement as well as loyalty tools to drive sustainable long term growth.

Speaker Change: I'll now hand, you over to <unk> to discuss Meridian Bates performance.

Zoran Milošević: I'll now hand you over to Zoran to discuss Meridian Bates' performance.

Zoran Milošević: Thank you, Brian. 2024 has been an exceptional year for Meridian Bet, with strong performance across both online and retail gaming world.

Speaker Change: Thank you Brian.

Speaker Change: 2024 has been exceptional uniform meridian bet with strong performance across both online and retail gaming verticals.

Zoran Milošević: Key highlights include. Total revenue increased by 14% year-over-year, rising from $93 million in 2023 to $106 million in 2024. Online revenue grew by 18%, reaching $80 million, up from $68 million, while retail revenue increased by 4% to $23 million, compared to $22 million last year. Online casino GGR surged by 24%, rising from $34 million in 2023 to $43 million in 2024, driven by addition of over 2,800 new games and increased player activity. Turnover also saw strong growth, reaching to $1.35 billion in 2024, up 29% from 1 billion in 2023. Ford's betting revenue rose by 8%, increasing from $44 million in 2023.

Speaker Change: Okay highlights include.

Speaker Change: Total revenue increased by 40% year over year rising from $93 million in 2000 $23 million to $106 million in 2024.

Speaker Change: Online revenue grew by 18%, reaching eight 2 million up from $68 million, while retail revenue increased by 4% to 23 million compared to $22 million last year.

Speaker Change: <unk> D. G R surged by 24% rising from $34 million in 2023 43 million in 2024, driven by addition of all of 2800 new games.

Speaker Change: <unk> played up to it.

Speaker Change: It doesn't all are also saw strong growth, reaching two one points to 35 billion and.

Speaker Change: 20th century floor up.

Speaker Change: The 9% from 1 billion in 2023.

Speaker Change: Betting revenue rose by 8% increasing from 44 million in 2023.

Speaker Change: $248 million in 2024.

Zoran Milošević: to $48 million in 2024. supported by improved GGR margin, which expanded by 140 basis points year-over-year from 8.3 to 9.7. Retail casino and slot machine revenue increased by 13 percent, rising from 11 million in 2023 to 13 million in 2024, with retail sports achieving GGR margin of 12 percent in 2024, accelerating to 14 percent in Q4.

Speaker Change: Supported by improved <unk> margin, which expanded by.

Speaker Change: 140 basis points year over year.

Speaker Change: 8.329 points to start.

Speaker Change: Can you tell casino and slot machine revenue increased by 13%.

Speaker Change: From $11 million in 2023 to 30 million in 2024.

Speaker Change: With retail sports, achieving <unk> margin of 12% in 2024 accelerating to 14% in Q4.

Speaker Change: It is a closer look into our operational milestones.

Zoran Milošević: Here is a closer look into our operational milestones. in full year 2024 comparing to last year. Meridian best performance in 2024 delivered impressive results across the board. Total Deposit Routes 13% year-over-year, while new registrations jumped 16%, signaling strong user acquisition. Our active player base grew by 14%, reinforcing solid retention and sustained engagement. At the same time, online revenue per player increased 16% year-on-year, translating directly into higher monetization efficiency and long-term value creation. in the casino gaming segment. Engagement continued to rise, with the average monthly number of online casino spins increased by 12% year-over-year, reaching to $216 million in 2024, up from $193 million in 2023.

Speaker Change: In full year 2024, comparing to last year.

Speaker Change: Meridian best performance in 2024 delivered impressive results across the board.

Speaker Change: Deposits rose.

Speaker Change: 13% year over year, while new registrations jumped.

Speaker Change: Your son sneak building strong user acquisition.

Speaker Change: Our oxy play a base grew by 14% reinforcing solid retention.

Speaker Change: <unk> engagement.

Speaker Change: At the same time online revenue per player increased 15% year on year.

Speaker Change: Directly into higher monetization efficiency and long term value creation.

Speaker Change: In the casino gaming segment.

Speaker Change: Engagement continues to rise with the average monthly number of online casino space.

Speaker Change: Bye.

Speaker Change: Well a percent year over year to $216 million in 2000.

Speaker Change: 24 up from $193 million in 2023.

Zoran Milošević: This sustained growth reflects the strong appeal of our content and effectiveness of our strategy.

Speaker Change: Sustained growth reflects the strong appeal of.

Speaker Change: Our content and effectiveness of our strategy.

Speaker Change: Expense studios in 2024, we made significant progress in expanding our proprietary gaming portfolio through expand studios, our in house I gaming studio.

Zoran Milošević: Xpand Studios. In 2024, we made significant progress in expanding our proprietary gaming portfolio through Xpand Studios, our in-house iGaming studio. We achieved a 174 year-over-year increase in total revenue, reflecting the success of partnerships and new game launches. Our active player base grew by 120% year-over-year, while total spins rose by 145% year-over-year, indicating strong user retention and engagement. The game portfolio has expanded to 52 proprietary games, with a strong emphasis on a social casino compatible titles to capture the growth demand in this segment. We also added over 100 new partners, extending our reach and market influence across multiple regions.

Speaker Change: 174 year over year, and increasing total revenue, reflecting the success of partnerships and new game launches our octave player base grew by 120% year over year, when thoughtful spins rose by 145% year over year, indicating strong here.

So its adoption and engagement.

Speaker Change: The game portfolio has expanded to 52 proprietary games with a strong emphasis on our social casino compatible titles to capture the growth demand in this segment.

Speaker Change: We also added over 100, new partners extending go need some market influence across multiple regions.

Speaker Change: The studio has launched several successful titles, including beach penalties optimized for use sweepstakes in social casino market and Super healthy a high engagement cross game.

Zoran Milošević: The studio has launched several successful titles, including Beach Penalties, optimized for U.S. sweepstakes in social casino markets, and Super Heli, a high-engagement crash game. Both titles quickly emerged as a top performance, demonstrating our capability to deliver highly engaging content that resonates with the players globally.

Speaker Change: Both sides has quickly emerged as a top performance demonstrating our capability to deliver a highly engaging content.

Speaker Change: As it relates with the players globally.

Speaker Change: <unk> bought form rollout technology is at the heart of everything we do and in 2024, we completed the full transition of our core operations well close our fifth generation of sports betting in a union plus one.

Zoran Milošević: Atlas platform rollout technology is at the heart of everything we do, and in 2024 we completed the full transition of our core operations to Atlas, our fifth generation sports betting and iGaming platform. This migration has optimized operational efficiency, enhanced scalability and significantly improved the user experience, ensuring a seamless and more personalized journey for our customers.

Speaker Change: Duration has optimized operational efficiency.

Speaker Change: Scalability is significantly improve the user experience and assuring a seamless and more personalized jewelry or our customers.

Speaker Change: AI powered the innovation.

Zoran Milošević: AI-powered innovation. We also reaffirmed our position among top five of gaming companies globally by investing heavily in a proprietary iDrive-driven technology. Our AI Casino Recommender has been a game-changer, increasing monthly engagement by 10% and improving game interactions by 9%, helping us drive better cross-sell and up-sell opportunities across our platform. Similarly, our AI Bet Recommender is revolutionizing personalized betting experiences, delivering real-time bet suggestions based on extensive sports data. This has led to stronger user segmentation, higher retention rates, and an increase in overall bet frequency. These AI innovations are not just improving engagement. They're shaping the future of how players interact with our platform.

Speaker Change: Also reaffirmed our position among the top five of gaming companies globally by investing heavily in a proprietary or dry three one technology.

Speaker Change: Our AI casino the commander has been a game changer, increasing monthly engagement by 10% and improving interactions by 9%, helping us drive better cross sell and up sell opportunities across our platforms.

Speaker Change: Similarly, our AI Beth recommended is revolutionizing personalized betting experiences delivering real time best suggestions based on extensive support data.

Speaker Change: This has led to stronger using segmentation Hollywood fashion base and an increase in all of our overall better frequency.

Speaker Change: These AI innovations are not just improving engagements.

Speaker Change: They're shaping the future of how players interact with our platform.

Speaker Change: Supporting communities worldwide.

Zoran Milošević: Supporting communities worldwide, beyond business growth, we are committed to driving meaningful social and economic development. In 2024 alone, we launched 258 CSR initiatives across Europe, Africa, and Latin America, focusing on healthcare, education, responsible gaming, and sustainability. Key initiatives included donations to health care centers and breast cancer awareness campaigns. Global Scholarships awarded by Meridian Bath Foundation for 5th year Euro 2024 and 2024 Olympics Donations for every gold, cord and medal won March the 8th campaign Advocacy against violence towards women We also expanded. Social Impact Initiatives, securing sponsorships for professional and grassroots sports clubs, and introduced the Meridian Donate Button, Scan and Help tools to simplify charitable giving.

Speaker Change: And business growth, we are committed to driving meaningful social impact in 2020 forward alone. We launched 258 CSR initiatives across Europe Africa, and Latin America, focusing on health care education responsible gaming and sustainability.

Speaker Change: Key initiatives included donations to health care centers and breast cancer awareness campaigns.

Speaker Change: Global scholarships awards by Meridian Best Foundation for fifth year.

Speaker Change: 2020 for incentives to enter four Olympics donations for every goals called the middle Vaughan.

Speaker Change: In March the eighth campaign at.

Speaker Change: Vulcan against violence towards Shlomo.

Speaker Change: We also expanded.

Speaker Change: Social impact initiatives, securing sponsorships professional and grassroots sports clubs and introduced the Meridian Tonight, but scanlon helped tools for simplified the charitable giving.

Zoran Milošević: True success is measured by the impact we create.

Speaker Change: Blue success.

Speaker Change: But the impact to be create.

Brian Goodman: With that, I hand it back to Brian. Thank you very much, Sorin. Looking ahead, Golden Matrix remains well positioned to accelerate growth and enhance profitability.

Speaker Change: With that I'll hand, it back to Brian.

Brian Goodman: Thank you very much Lauren.

Speaker Change: Looking ahead Goldman matrix remains well positioned to accelerate growth and enhance profitability.

Brian Goodman: Our key priorities for 2025 include continued expansion into new markets, including Brazil, and additional high-growth jurisdictions. Optimizing our capital structure to drive long-term shareholder value. Enhancing AI-driven personalization to increase customer attention and engagement. Expanding our product portfolio including high margin, live betting and next-gen gaming experience.

Speaker Change: Our key priorities for 2025 include continued expansion into new markets, including Brazil, and additional high growth jurisdictions, optimizing our capital structure to drive long term shareholder value enhancing AI driven personalization to increase.

Speaker Change: Customer retention and engagement, expanding our product portfolio, including high margin log Beijing and Nextgen gaming experiences.

Rich Christensen: I'll now hand you back to Rich for our 2025 Financial Guide. Thank you, Brian. For the first quarter of 2025, we anticipate revenue of $42 to $45 million. This represents a year-over-year growth rate of between 69% and 81%.

Speaker Change: I'll now hand, you back to rich throughout 2025.

Speaker Change: Central guidance.

Speaker Change: Thank you Brian for the first quarter of 2025, we anticipate revenue of $42 million to $45 million. This represents a year over year growth rate of between 69% and 81%.

Rich Christensen: Thanks, Rich. And thank you, everyone, for joining today's call. We appreciate your continued support and look forward to another record-setting year in 2025 and beyond.

Speaker Change: Thanks, Rich and thank you everyone for joining today's call. We appreciate your continued support and look forward to another record setting year in 2025 and beyond.

Speaker Change: The conference has now concluded. Thank you for attending today's presentation you may now disconnect.

Operator: The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.

Speaker Change: Yeah.

Speaker Change: [music].