Added to YB: 2026-08-07
Pitch date: 2026-08-05
MRDN [neutral]
Meridian Holdings Inc.
-1.86%
current return
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
$177.3M
Pitch Price
$14.00
Price Target
40.00 (+186%)
Dividend
N/A
EV/EBITDA
8.46
P/E
-2.11
EV/Sales
0.90
Sector
Entertainment
Category
value
Meridian Holdings Q2 2026: Strong Profits and a New CEO!
MRDN (earnings): Q2 2026 rev $50.2M (+16% YoY), GAAP NI $2.2M vs -$3.6M, ADJ EBITDA $5.9M (+43%); stock -22% on rev miss, margin drop (56.4%→53.5% from $1.2M casino wins), CFO change, soft H2 guide. Net debt 0.39x. Meridianbet 71% rev +23%. 0.9x P/S, 8x EBITDA vs peers 2-3x. FV $15-20, 111-182% upside by 2030. Issuer-sponsored.
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