Rivalry Reports Full-Year 2024 Results as Strategic
From GlobeNewswire: 2025-07-02 06:00:00
Rivalry Corp. reports financial results for 2024, showing a net revenue of $13.6 million, operating expenses decreased by 17%, and a net loss of $22.4 million. The company made significant changes in the latter half of 2024, leading to positive impacts in 2025.
Rivalry underwent a comprehensive organizational rebuild in 2024 and Q1 2025, resulting in a leaner operating model, improved VIP program, expanded casino product, and platform upgrades. These efforts have driven early improvements in key performance indicators in 2025, such as record levels of net revenue per active user.
In the first half of 2025, Rivalry focused on increasing player value, operational efficiency, and revenue drivers. Initiatives included a Loyalty Program v2, new Promo Engine, CRM optimization, and VIP outreach. The company aims to maintain momentum in the second half of 2025 through improved player economics and operational leverage.
Rivalry is actively exploring strategic alternatives to maximize shareholder value. Despite the MCTO issued by the OSC, the company remains committed to compliance and expects to release its financial results for the three months ended March 31, 2025, by July 14, 2025. Rivalry also secured a US$475,000 unsecured loan to support its strategic initiatives.
Rivalry, a leading sports betting and media company, has made significant strides in its strategic transformation, entering the second half of 2025 with operational discipline and focus. With a stronger product and leaner cost structure, Rivalry is poised for continued growth and success in the online gambling industry.
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