Meridian (MRDN)
Operates MeridianBet sportsbooks, online casinos, B2B gaming platforms, and prize-promotion brands.
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Runs MeridianBet sportsbooks and online casinos, resells gaming content through GMAG, and owns prize-promotion brands in the UK and Australia. The business is centered outside the US, with activity across Europe, Africa, Central and South America, and Asia-Pacific customers.
Operates a mixed consumer and business-facing gaming portfolio built around MeridianBet. The MeridianBet Group runs retail sports betting, retail casinos, online sports betting, online casinos, and bars; GMAG resells third-party gaming content; Expanse Studios develops in-house casino games.
Geography is mostly international. MeridianBet spans Europe, Africa, and Central and South America, while GMAG primarily serves Asia-Pacific customers. RKings runs UK pay-to-enter prize competitions, and Classics For a Cause runs Australian trade promotions.
Competes through technology, customer service, promotions, pricing, trust, and variety of betting and casino options. The business also depends on local licensing, internet access, data security, and financing tied to post-acquisition obligations.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $17.3M · Total debt $16.4M · Total assets $115.1M · Shareholders' equity $49.7M
- Revenue
- $50.2M
- Operating income
- $2.4M
- Net income
- $2.2M
No dividends on record.
| Institutions | 5.25% | 663.9K shares | |
|---|---|---|---|
| 40 holders · as of Jun 30, 2026 | |||
| Insiders | 76.25% | 9.64M shares | |
| 9 holders · as of Jun 24, 2026 | |||
| Other | 18.50% | 2.34M shares | |
| remainder | |||
12.64M company shares as of Sep 11, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Aleksandar MilovanovicInsider10 percent owner, other: Member of 10% Reporting Group | 61.52% | 7.78M | filed Nov 12, 2025 |
Zoran MilosevicInsiderofficer, other: CEO of Meridian Subsidiaries | 5.99% | 756,685 | filed Aug 26, 2025 |
Anthony Brian GoodmanInsiderother: Former Director and CEO | 3.40% | 429,313 | filed Jun 24, 2026 |
Snezana BozovicInsiderdirector, other: Member of 10% Reporting Group | 3.03% | 382,803 | filed Apr 30, 2026 |
Weiting FengInsiderother: Former Chief Operating Officer | 1.88% | 237,810 | filed Apr 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 23, 2026 | Anthony Brian Goodman | other: Former Director and CEO | −5,500 | $13.73 |
| Jun 22, 2026 | Anthony Brian Goodman | other: Former Director and CEO | −3,650 | $13.76 |
| Jun 18, 2026 | Anthony Brian Goodman | other: Former Director and CEO | −5,000 | $13.70 |
| Jun 16, 2026 | Anthony Brian Goodman | other: Former Director and CEO | −5,000 | $14.05 |
| Jun 15, 2026 | Anthony Brian Goodman | other: Former Director and CEO | −5,000 | $14.33 |
- Flutter Entertainment
Global sportsbook and iGaming rival across online and retail markets
- Super Group
Betway and Spin overlap in global sports betting and online casino
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Meridian | $13.66 | +0.07% | $172.6M | — | 15.1 | 0.9 | +16.2% |
| Flutter Entertainment | $87.09 | −1.73% | $15.37B | — | 14.0 | 0.9 | +3.3% |
| Super Group | $11.91 | −3.56% | $6.27B | 16.9 | 14.8 | 2.6 | +18.1% |
| Median | 16.9 | 14.4 | 1.7 | +10.7% |