Added to YB: 2026-05-01
Pitch date: 2026-04-30
MRDN [neutral]
Meridian Holdings Inc.
Author Info
No bio for this author
Company Info
Meridian Holdings Inc., a business-to-business and business-to-consumer gaming technology company, provides casino, sportsbook, and competition products in Central and South America, Europe, and Africa.
Market Cap
$103.0M
Pitch Price
N/A
Price Target
30.00 (+203%)
Dividend
N/A
EV/EBITDA
6.16
P/E
-1.12
EV/Sales
0.56
Sector
Entertainment
Category
value
Meridian Holdings Q1 2026: Back to GAAP Profitability!
MRDN (earnings): Q1 rev $50.1M (+17% YoY), ADJ EBITDA $6.3M (+26% YoY, 12.6% margin), first GAAP profit $2.3M vs -$0.26M. Net debt down 62% to $13.4M (0.53x leverage). Meridianbet +26% rev, 428K new users (+41%). Expanse Studios explosive growth. Q2 guide $51-53M. Trading 0.5x P/S, 4.4x EV/EBITDA vs peers at 2-3x. 2030 PT $30-40 implies 304-439% upside.
Read full article (11 min)