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MRDN News
MRDN Events
Meridian Subsidiary Signs Strategic Agreement with MaxBet
Meridian (MRDN) announced that the company's subsidiary, Expanse Studios, a B2B iGaming content provider, has signed a strategic distribution agreement with MaxBet, one of Serbia's omni-channel gaming operators and a subsidiary of Flutter Entertainment plc (FLUT). The agreement will enable Expanse to further expand the reach of its proprietary gaming portfolio across the Serbian market. The partnership is already in full effect, with Expanse Studios' suite of titles currently live and accessible to players.
Meridian Holdings Subsidiary Gains Certification for Colombia's Online Gambling Market
Expanse Studios, a subsidiary of Meridian Holdings, announced regulatory certification enabling commercial deployment across Colombia's online gambling market. Gaming Associates, a UKAS-accredited testing laboratory, certified Gates of Olympia, Candy's Bonanza, and Leprechaun's Wish as compliant with technical standards established by Colombian regulatory authorities. This certification authorizes deployment on licensed gaming platforms operating under Coljuegos oversight.
Company Projects Q2 2026 Revenue of $51M to $53M
The company said, "Looking ahead, the company has indicated Q2 2026 revenue in the range of $51 million to $53 million, implying continued year-over-year growth relative to the prior-year period. No adjusted EBITDA guidance was provided for the upcoming quarter, leaving margin expectations subject to interpretation based on operating trends and cost dynamics."
Company Reports Q1 Revenue of $50.1M, Below Consensus
Reports Q1 revenue $50.1M, consensus $51.68M. The company said, "New customer registrations totaled 428,400 during the quarter, representing a 41% year-over-year increase. Depositors rose by 27% to 283,000, while active users increased 21% to 333,700. These indicators suggest sustained momentum in user acquisition and activity levels, which remain central to long-term revenue generation across digital gaming platforms."
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