Meridian Holdings Inc./NV
For the period ended Jul 29, 2026. Filed Jul 29, 2026.
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Jul 29, 2026 · Filed Jul 29, 2026
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Contents
EX-99.1 · Segment Performance
Segment Performance
| · | Meridianbet Group – Revenue of $35.8 million, up 23% year-over-year, representing 71% of total Company revenue. Segment operating income grew 91% year-over-year to $6.1 million. |
| · | Zoran Milosevic, CEO of Meridianbet Group, stated, "The second quarter demonstrated the strength of our customer engine. New customer registrations surged 37% year-over-year, with first-time depositors up 24% and total deposit volume up 24%. Betting gross gaming revenue grew 37% year-over-year on record wagering activity. A high-scoring World Cup group stage made the period unfavorable to certain operators and markets across the industry, and our results were further affected by two major casino wins totaling over $1.2 million during the quarter. Just as importantly, the tournament brought a wave of new players onto our platform, strengthening our base for conversion and retention. The underlying growth in our customer base and handle is the clearest measure of the momentum in this business." |
| · | Expanse Studios (in Meridianbet Group) – The Company's proprietary game studio continued to expand its distribution and content pipeline, growing revenue 138% and gross gaming revenue 90% year-over-year. The studio also went live with new operator partners including Maxbet Serbia, part of Flutter Entertainment, Synottip and Joker.lv. The studio entered a North American distribution partnership with Bragg Gaming and also secured new market certifications in Latvia, Colombia, Portugal and Slovenia. During the quarter, Expanse also launched new player-engagement tools, including jackpots, tournaments and its Achievo gamification product. |
| · | RKingsCompetitions Ltd. (“RKings”) and Classics For A Cause Pty Ltd (“Classics for a Cause”) – Combined revenue of $10.8 million, up 4% year-over-year, representing 22% of Company revenue. At RKings, revenue of $7.0 million increased approximately 5% year-over-year. At Classics for a Cause, new users grew approximately 28% year-over-year and active VIP subscriptions remained above 10,000, ending the quarter at approximately 10,100. |
| · | GMAG – Revenue of $3.6 million, compared with $3.6 million in the prior-year period, representing 7% of Company revenue. The segment deployed 2,382 new games in the quarter, up 13% year-over-year. MexPlay, the segment's Mexico-facing online casino, continued to expand, with the revenue up 31%, new customer registrations up 50% year-over-year and first-time depositors up 53%. |
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