Meridian Holdings Subsidiary Expanse Studios Secures Key Content Distribution Deal with Flutter's MaxBet in Serbia
MRDN has more than doubled off its 52-week low of $5.8.
Summary
Meridian Holdings' subsidiary, Expanse Studios, has signed a content distribution agreement with MaxBet, a Flutter Entertainment subsidiary, to expand its gaming portfolio in the Serbian market. This partnership provides Expanse Studios with access to MaxBet's established infrastructure and an estimated 15-20% online market share in Serbia, a market projected to grow to $186 million by 2029. The deal supports Meridian's B2B growth strategy and follows the company's recent turnaround to GAAP profitability in Q1 2026 after a significant net loss in the prior fiscal year.
At the time of this announcement, MRDN was trading at $12.43 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $157.1M. The 52-week trading range was $5.80 to $23.76. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.