Welcome to our dedicated page for RIVALRY news (Ticker: RVLCF), a resource for investors and traders seeking the latest updates and insights on RIVALRY stock.
RIVALRY CORP (RVLCF) is a leading company in the online gambling industry, known for its innovative approach to betting and gaming. The company has achieved record Q3 results with reduced marketing spend and flattened operating expenses, demonstrating strong customer KPIs. With a recent $14M capital infusion, RIVALRY is poised for accelerated growth. The company's focus on product diversification in FY23 has expanded its market reach and solidified its position as a Gen Z market leader. By adopting Web3 technology, RIVALRY aims to capture the high-value crypto gambling market share and enhance its product-market fit among digitally native users.
News
Rhea-AI Summary
Rivalry Corp. announces its 2023 annual letter to shareholders and financial results for the year ended December 31, 2023, showcasing significant revenue growth, diversified product offerings, and strategic expansion plans. The company reported a substantial increase in betting handle, gross gaming revenue, and net revenue, introducing new high-margin products and expanding into new geographies. Rivalry's focus on Gen Z betting entertainment, innovative product releases, and upcoming crypto-enabled products position it well in the rapidly evolving online gambling landscape.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Rivalry Corp. announces record financial results for FY23, with an 82% increase in betting handle, 34% revenue growth, and 66% gross profit surge. The company expands into new segments, focusing on Gen Z market leadership. FY24 shows a strong start with plans for profitability in H1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Rivalry Corp. (RVLCF) announces Luis Gonçalves, Brazil Country Manager, will present at SBC Summit Rio conference on influencer marketing in Brazil. Rivalry plans to seek a license in Brazil's regulated betting market, leveraging its established brand identity and customer base.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Rivalry Corp. CEO Steven Salz will present at the NEXT Summit New York 2024 conference on March 6-7, 2024, focusing on capturing Gen Z consumers in the sports betting and iGaming industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Rivalry Corp. issued a letter to shareholders outlining strategic priorities for 2024, emphasizing their position as a leading sportsbook and iGaming operator for Millennials and Gen Z. The company reported substantial growth in revenue, betting handle, and gross profit for 2023, with a focus on Gen Z demographic and product innovation. Rivalry aims to maintain operating leverage, profitability, and player value focus in 2024, with plans for new original games, casino B2B opportunities, product innovation, geographic expansion, and traditional sports expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Rivalry Corp. will present insights on engaging Gen Z consumers in online sports betting at the ICE London 2024 conference. The company's product team will discuss capturing, engaging, and entertaining the next generation of fans in the gambling industry. Additionally, the company has decided not to close any further tranches of its previously announced non-brokered private placement of $1,000 principal amount 10% senior secured convertible debentures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Rivalry Corp. (RVLY) achieved record Q3 results with a betting handle of $105.7 million, up 50% YoY, and revenue of $8.7 million, a 22% increase YoY. Gross profit increased by 90% YoY to $4.0 million. The company also completed a $14M capital infusion and anticipates achieving profitability in H1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.88%
Tags
-
Rhea-AI Summary
Rivalry Corp. (RVLY) launches Rivalry Ultimate Fan, a free-to-play daily fantasy sports app for the 2023-24 NBA season in partnership with Low6. The app taps into the rise of trading card culture, collectibles, and pack openings, offering users a chance to win prizes, including NBA merchandise, gift cards, and more. Rivalry will also release physical Booster Packs containing custom-illustrated trading cards of NBA players, as well as collaborate with creator partners to livestream Ultimate Fan pack openings. Additionally, Rivalry will refurbish basketball courts to give back to local communities. The app will be available on iOS and Android devices in selected markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.82%
Tags
-
Rhea-AI Summary
Rivalry Corp. (RVLY) to Participate in 14th Annual Craig Hallum Alpha Select Conference, CEO Steven Salz to Meet with Investors. The leading sportsbook and iGaming operator for Millennials and Gen Z will present at the conference, providing an opportunity for institutional investors to engage with the company's management team and learn about its growth prospects and competitive advantage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.81%
Tags
Rhea-AI Summary
Rivalry Corp. (RVLY) Announces Planned Release of Q3 2023 Financial Results and Investor Conference Call on November 29, 2023. The leading sportsbook and iGaming operator for Millennials and Gen Z expects to file its Q3 2023 results on November 29, 2023, with an investor conference call at 10:00 am EST to discuss the results. Details for the call and webcast are available on the Company’s website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
FAQ
What is the current stock price of RIVALRY (RVLCF)?
The current stock price of RIVALRY (RVLCF) is $0.1345 as of December 23, 2024.
What is the market cap of RIVALRY (RVLCF)?
The market cap of RIVALRY (RVLCF) is approximately 8.2M.
What sets RIVALRY CORP apart in the online gambling industry?
RIVALRY is known for its innovative approach to betting and gaming, focusing on product diversification and Web3 technology.
How has RIVALRY performed in Q3?
RIVALRY achieved record results in Q3 with reduced marketing spend and strong customer KPIs.
What recent capital infusion has RIVALRY received?
RIVALRY recently announced a $14M capital infusion to accelerate its growth.
What market segment has RIVALRY expanded into in FY23?
RIVALRY has expanded into new segments in FY23, reinforcing its competitive moat.
What technology has RIVALRY adopted to capture the crypto gambling market share?
RIVALRY has adopted Web3 technology to capture the high-value crypto gambling market share and strengthen its product-market fit.
How does RIVALRY define 'Betting Handle' or 'Handle'?
RIVALRY defines 'Betting Handle' or 'Handle' as the total dollar value accepted in wagers, adjusted for cancellations and corrections.
What is RIVALRY's approach to marketing and operating expenses?
RIVALRY has achieved record Q3 results with reduced marketing spend and flattened operating expenses.
What is the focus of RIVALRY in FY23?
In FY23, RIVALRY focuses on product diversification to expand its market reach and reinforce its position as a market leader.
What is the significance of RIVALRY's recent financial performance?
RIVALRY's recent financial performance highlights its strong customer KPIs, operating leverage, and long-term growth potential.
How does RIVALRY aim to appeal to digitally native users?
By adopting Web3 technology, RIVALRY aims to enhance its product-market fit among Gen Z and digitally native users.
What are RIVALRY's key financial metrics?
RIVALRY reports cash and cash equivalents of $6.1 million and restricted cash of $3.3 million.
What industry trends have influenced RIVALRY's strategy?
RIVALRY has been influenced by the rise of crypto betting and the increasing use of digital coins in sports gambling.
What is RIVALRY's focus in its operations and product development?
RIVALRY focuses on product diversification, online betting, and gaming innovations to stay ahead in the competitive market.
How does RIVALRY aim to differentiate itself from competitors?
RIVALRY differentiates itself through its focus on product diversification, market expansion, and strategic adoption of Web3 technology.
What is the outlook for RIVALRY in terms of growth and market positioning?
With strong Q3 results, new market segments, and Web3 adoption, RIVALRY is well-positioned for accelerated growth and market leadership.
How does RIVALRY align its business strategy with current market trends?
RIVALRY aligns its business strategy with market trends such as crypto gambling, digital coins in betting, and the rise of Web3 technology.
RIVALRY CORP