v3.26.1
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
6 Months Ended
Jun. 30, 2026
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION  
Schedule of segment reporting information

 

 

For the three months ended

 

 

 

June 30, 2026

 

 

 

MeridianBet Group

 

 

GMAG

 

 

RKings & CFAC

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$35,825,281

 

 

$3,570,443

 

 

$10,798,275

 

 

$50,193,999

 

Cost of revenue

 

 

(12,324,962)

 

 

(2,373,410)

 

 

(8,640,707)

 

 

(23,339,079)

Segment gross profit

 

 

23,500,319

 

 

 

1,197,033

 

 

 

2,157,568

 

 

 

26,854,920

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

4,515,483

 

 

 

440,059

 

 

 

482,793

 

 

 

5,438,335

 

Salaries and wages

 

 

6,166,486

 

 

 

386,356

 

 

 

318,872

 

 

 

6,871,714

 

Professional fees

 

 

634,962

 

 

 

26,199

 

 

 

24,542

 

 

 

685,703

 

Marketing expenses

 

 

4,171,692

 

 

 

293,877

 

 

 

1,405,242

 

 

 

5,870,811

 

Rents and utilities

 

 

1,801,284

 

 

 

43,400

 

 

 

40,541

 

 

 

1,885,225

 

Bad debt expense

 

 

94,596

 

 

 

887

 

 

 

-

 

 

 

95,483

 

Segment income/(loss) from operations

 

 

6,115,816

 

 

 

6,255

 

 

 

(114,422)

 

 

6,007,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Holding company expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

948,457

 

Stock-based compensation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(97,292)

Depreciation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,185,050

 

Amortization expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,531,499

 

Total income from operations

 

 

 

 

 

 

 

 

 

 

 

 

 

$2,439,935

 

 

 

For the six months ended

 

 

 

June 30, 2026

 

 

 

MeridianBet Group

 

 

GMAG

 

 

RKings & CFAC

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$70,688,312

 

 

$6,703,735

 

 

$22,905,822

 

 

$100,297,869

 

Cost of revenue

 

 

(23,041,265)

 

 

(4,444,334)

 

 

(17,813,110)

 

 

(45,298,709)

Segment gross profit

 

 

47,647,047

 

 

 

2,259,401

 

 

 

5,092,712

 

 

 

54,999,160

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

8,811,006

 

 

 

1,002,392

 

 

 

1,028,522

 

 

 

10,841,920

 

Salaries and wages

 

 

12,112,408

 

 

 

811,762

 

 

 

655,207

 

 

 

13,579,377

 

Professional fees

 

 

1,228,841

 

 

 

63,510

 

 

 

50,442

 

 

 

1,342,793

 

Marketing expenses

 

 

8,676,618

 

 

 

552,831

 

 

 

3,033,815

 

 

 

12,263,264

 

Rents and utilities

 

 

3,957,971

 

 

 

86,048

 

 

 

83,462

 

 

 

4,127,481

 

Bad debt expense

 

 

110,359

 

 

 

87,300

 

 

 

-

 

 

 

197,659

 

Segment income/(loss) from operations

 

 

12,749,844

 

 

 

(344,442)

 

 

241,264

 

 

 

12,646,666

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Holding company expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,721,163

 

Stock-based compensation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

150,765

 

Depreciation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,621,005

 

Amortization expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,556,674

 

Total income from operations

 

 

 

 

 

 

 

 

 

 

 

 

 

$5,597,059

 

Schedule of revenues by geographic region

 

 

For the three months ended

 

 

For the six months ended

 

 

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

UK

 

$8,698,615

 

 

$8,376,630

 

 

$18,647,218

 

 

$17,227,980

 

Europe (UK-Excl.)

 

 

28,773,100

 

 

 

24,107,757

 

 

 

56,450,592

 

 

 

46,981,218

 

Central and South America

 

 

2,459,024

 

 

 

2,235,236

 

 

 

5,256,589

 

 

 

4,121,450

 

Asia Pacific (Australia Excl.)

 

 

2,886,936

 

 

 

3,249,355

 

 

 

5,327,835

 

 

 

6,390,922

 

Australia

 

 

2,099,660

 

 

 

1,881,295

 

 

 

4,258,604

 

 

 

4,334,642

 

Africa

 

 

5,276,664

 

 

 

3,395,095

 

 

 

10,357,031

 

 

 

6,912,209

 

Total

 

$50,193,999

 

 

$43,245,368

 

 

$100,297,869

 

 

$85,968,421