Meridian Holdings Inc.

NasdaqCM:MRDN Stock Report

Market Cap: US$167.1m

Meridian Holdings Past Earnings Performance

Past criteria checks 0/6

Meridian Holdings's earnings have been declining at an average annual rate of -98.4%, while the Entertainment industry saw earnings growing at 26.1% annually. Revenues have been growing at an average rate of 32.2% per year.

Key information

-98.45%

Earnings growth rate

-128.47%

EPS growth rate

Entertainment Industry Growth18.06%
Revenue growth rate32.23%
Return on equity-177.58%
Net Margin-45.94%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

New Narrative Jun 16

Meridian Holdings Stock Will Ride Regulated Betting Expansion And AI Automation Tailwinds

Catalysts About Meridian Holdings Meridian Holdings operates regulated online sports betting, casino, B2B iGaming aggregation and digital competition platforms across multiple international markets. What are the underlying business or industry changes driving this perspective?
New Narrative Jun 02

Online Betting Expansion And AI Personalization Will Reshape This Regulated Gaming Operator

Catalysts About Meridian Holdings Meridian Holdings operates regulated online sports betting, casino and iGaming content businesses across more than 25 markets, primarily through its Meridianbet and Expanse Studios platforms. What are the underlying business or industry changes driving this perspective?
New Narrative May 19

Regulatory And AI Execution Risks Will Reshape Betting Platform Potential Over Time

Catalysts About Meridian Holdings Meridian Holdings operates regulated online sports betting, casino, B2B iGaming aggregation and digital competition platforms across Europe, Africa and the Americas. What are the underlying business or industry changes driving this perspective?
Analysis Article May 02

Earnings Beat: Meridian Holdings Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Shareholders will be ecstatic, with their stake up 70% over the past week following Meridian Holdings Inc. 's...
Analysis Article Jan 17

Little Excitement Around Golden Matrix Group, Inc.'s (NASDAQ:GMGI) Revenues As Shares Take 26% Pounding

Unfortunately for some shareholders, the Golden Matrix Group, Inc. ( NASDAQ:GMGI ) share price has dived 26% in the...
Analysis Article Nov 25

The Market Doesn't Like What It Sees From Golden Matrix Group, Inc.'s (NASDAQ:GMGI) Revenues Yet As Shares Tumble 26%

Unfortunately for some shareholders, the Golden Matrix Group, Inc. ( NASDAQ:GMGI ) share price has dived 26% in the...
Analysis Article Sep 25

We Think Golden Matrix Group (NASDAQ:GMGI) Has A Fair Chunk Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article Aug 30

A Look At The Intrinsic Value Of Golden Matrix Group, Inc. (NASDAQ:GMGI)

Key Insights Golden Matrix Group's estimated fair value is US$1.38 based on 2 Stage Free Cash Flow to Equity Golden...
Analysis Article May 29

Does Golden Matrix Group (NASDAQ:GMGI) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article May 01

Returns On Capital Signal Tricky Times Ahead For Golden Matrix Group (NASDAQ:GMGI)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Jan 15

Estimating The Intrinsic Value Of Golden Matrix Group, Inc. (NASDAQ:GMGI)

Key Insights Golden Matrix Group's estimated fair value is US$2.19 based on 2 Stage Free Cash Flow to Equity Current...

Revenue & Expenses Breakdown

How Meridian Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqCM:MRDN Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26190-871000
31 Dec 25183-90990
30 Sep 25179-5950
30 Jun 25173-9930
31 Mar 25169-6880
31 Dec 24151-1790
30 Sep 241313690
30 Jun 2411210620
31 Mar 249514540
31 Dec 239314530
30 Sep 238815360
30 Jun 238416410
31 Mar 238016330
31 Dec 227516260
31 Dec 216013200

Quality Earnings: MRDN is currently unprofitable.

Growing Profit Margin: MRDN is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: MRDN is unprofitable, and losses have increased over the past 5 years at a rate of 98.4% per year.

Accelerating Growth: Unable to compare MRDN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MRDN is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (0.9%).


Return on Equity

High ROE: MRDN has a negative Return on Equity (-177.58%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/23 09:28
End of Day Share Price 2026/06/23 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Meridian Holdings Inc. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Egor TolmachevFreedom Broker
Danial YermakhanFreedom Broker
Jack Vander AardeMaxim Group