Meridian Holdings

Good morning, everyone, and welcome to Golden Matrix Group's first quarter 2025 earnings call. We appreciate you joining us today. I will now hand the call over to Brett Malott, Managing Director of ICR. Brett, please go ahead.

Thank you, and good morning, everyone. Welcome to Golden Matrix Group's Q1 2025 earnings call. We appreciate you joining us today. On today's call are Brian Goodman, CEO of Golden Matrix Group, Zora Milosevic, CEO of MeridianBet, and Rich Christensen, CFO of Golden Matrix Group. At the conclusion of this call, recording and supporting the resources will be available on Golden Matrix Group's IR website. As a reminder, today's call will contain forward-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 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 10Q filing and other public disclosures. Non-GAP measures will be discussed, and reconciliation of these numbers can also be found in our recently filed 10Q and earnings press release available on our website. I will now hand over the call to Brian Goodman, CEO of Golden Matrix Group.

Good morning everyone and thank you for joining us to review Golden Matrix's first quarter 2025 results. We are proud to kick off the year with strong momentum, fueled by platform innovations and continued expansion into high growth regulated markets. Our first quarter reflects excellent group performance and elevated operating efficiency across the entire organization. Revenue grew at a robust rate, further demonstrating the strength of our business underpinned by our strategic roadmap and our geographic and operational diversity. We not only have unique diversity in terms of our extensive global footprint, but also in our diverse and scalable revenue streams, spanning scalable B2B technology solutions and dynamic B2C operations. positioning us at the forefront of the iGaming industry. Our Apple business delivered record results in Q1, including all-time highs in revenue, ticket sales, and prize values. We also added 26,000 new users during the quarter, a 146% increase compared to Q1 2024, highlighting the strength and momentum in this segment. We have eliminated the LIN partners' debt of approximately $9.6 million and completed the conversion of over $9.5 million in acquisition-related debt by Meridian founders into equity. These actions have resulted in greater financial strength and flexibility and send a strong message that we are well positioned to focus on growth and drive long-term shareholder value. We're excited to take you through the highlights, and I'll now hand you over to our CFO, Rich Christensen, to walk you through the financial performance for the quarter.