Rivalry - RVLCF STOCK NEWS

Rivalry Corp. (RVLCF) has reported its Q1 2024 financial results, showcasing several growth metrics. Betting handle increased to $94.7 million, up 11% from Q4 2023. Gross gaming revenue rose by 20% to $7.7 million, while net revenue surged 51% to $4.5 million. The company achieved a record net revenue margin of 58.5%. Rivalry also announced its expansion into the crypto gambling market with the Rivalry Token, aimed at capturing Gen Z and digitally native users. The company intends to launch this utility token in H2 2024, enhancing user engagement and loyalty through blockchain technology. They reported a net loss of $5.2 million, which is the smallest in the last four quarters. Cash reserves stand at $9.4 million as of March 31, 2024.

Rivalry Corp., a leading sportsbook and iGaming operator for Gen Z, is set to release its first quarter 2024 financial results on May 30, 2024. The results will be available before TSXV trading begins. Management will host an investor conference call on the same day at 10:00 am EDT to discuss the results. Interested parties can dial in via toll-free or international lines, or access the live webcast through the company's website. An archived replay of the webcast will be available for one year.

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.

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.

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.

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.

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.

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.

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.