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) operates at the forefront of digital sports betting and crypto gambling innovation. This page serves as the definitive source for official company announcements, financial updates, and strategic developments in Web3-enabled wagering technology.
Investors and industry observers will find curated press releases covering earnings reports, product launches, and regulatory milestones. Our collection emphasizes Rivalry's unique position in merging traditional sports wagering with blockchain-based solutions for a Gen Z-focused audience.
Key updates include expansions in crypto gambling markets, partnerships enhancing Web3 capabilities, and operational metrics demonstrating platform growth. Bookmark this page for real-time access to filings, executive commentary, and technology deployment timelines that shape Rivalry's market strategy.
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.
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