Sports betting firm Rivalry's Q3 revenue rises, driven by rebuilt operating model

Rivalry

01/12/2025 21:40

Overview

Rivalry Q3 2025 net revenue grows 19% sequentially, marking third consecutive quarter increase

Operating expenses decline 58% yr/yr, reflecting cost discipline

Net loss improves 67% yr/yr, indicating stronger financial position

Outlook

Rivalry plans disciplined marketing expansion with proven return on ad spend

Company aims to advance product enhancements and retention upgrades

Rivalry intends to maintain and improve its normalized cost base

Result Drivers

OPERATING MODEL - Rivalry's rebuilt operating model focusing on high-value users and efficient acquisition drove results

ONTARIO MARKET - Ontario achieved its best quarter ever, growing to nearly 40% of company net revenue

PLAYER ECONOMICS - Gains in net revenue per player and deposit frequency supported growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$1.93 mln
Q3 Net Income
-C$1.96 mln


Press Release: ID:nGNXbcRgFy

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)