RIVALRY CORP - RVLCF STOCK NEWS

Rivalry Corp. reported significant financial growth for Q2 2022, with betting handle reaching $38.4 million, up 98% year-over-year. Revenue hit a record $5.3 million, representing a 60% increase from Q2 2021 and 11% sequential growth. Gross profit rose to $2.1 million, marking a 206% year-over-year increase. The company maintains a strong cash position of $27.8 million with no debt. Momentum continued into Q3, with record betting handle of $23.4 million in July.

Rivalry Corp. (OTCQX: RVLCF) announced its Q2 2022 financial results will be released on August 25, 2022, before TSXV trading starts. A conference call is scheduled for the same day at 10:00 am EDT to discuss the results. Rivalry, based in Toronto, operates globally in the sports betting and media industry, offering regulated online wagering on esports and traditional sports. The company has licenses in several jurisdictions, including the Isle of Man and Australia, and is expanding its market presence through original gaming products.

Rivalry Corp. (OTCQX: RVLCF) held its annual general and special meeting on June 28, 2022, where all director nominees were elected, including Steven Salz and Kirstine Stewart. Shareholders approved the re-appointment of auditors Macias Gini & O’Connell LLP and authorized the board to set their remuneration. Additionally, amendments to the Equity Incentive Plan were approved. Rivalry operates a regulated online sports betting platform and is expanding its licensing globally, with existing licenses in Australia and Ontario.

Rivalry Corp. (RVLCF) announced record financial results for Q1 2022, achieving a betting handle of $40.2 million, up 273% year-over-year and 62% sequentially. Revenue reached $4.8 million, marking a 149% year-over-year increase. The company boasts a gross profit of $0.7 million and maintains a strong cash position with $30.1 million and no debt. The launch of operations in Ontario and Australia signals further growth opportunities. Management emphasizes ongoing growth momentum in a burgeoning market.

Rivalry Corp. (TSXV: RVLY; OTCQX: RVLCF) announced the upcoming release of its Q1 2022 financial results, scheduled for May 26, 2022. Management will hold a conference call at 10:00 am EDT that day to discuss the results. Investors can participate via dial-in or a live webcast available on the Company’s website. Rivalry operates in over 20 countries, focusing on esports and traditional sports betting, and holds various gaming licenses, including an Isle of Man license since 2018.

Rivalry Corp. (OTCQX: RVLCF) has launched its online esports and traditional sports betting services in Australia, following its recent entry into the Ontario market. This expansion comes after obtaining a sports bookmaker license from the Northern Territory Racing Commission, allowing operations across Australia. CEO Steven Salz emphasized the company's unique approach in appealing to Gen Z and young Millennials. Rivalry offers a comprehensive sports book and esports betting options, seeking to build brand equity through innovative campaigns while prioritizing community growth in the gaming sector.

Rivalry Corp. (OTCQX: RVLCF) reported significant growth in its financial results for FY 2021, with a total betting handle of $78.2 million, up 202% year-over-year, and revenue of $11.1 million, representing a 617% increase. The company achieved a record $40.2 million in betting handle for Q1 2022, a sequential rise of 62%. With $35.5 million in cash and no debt, Rivalry aims to expand its market presence and further innovate in esports betting. CEO Steven Salz expressed optimism about continued growth into 2022.

Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) announced the release of its fourth quarter and year-end 2021 financial results, scheduled for April 27, 2022, before TSXV trading. The company will host an investor conference call at 10:00 am EDT on the same day to discuss the results. Interested parties can dial in or access a live webcast through the company’s website. Rivalry operates in over 20 countries, focusing on esports and traditional sports betting, backed by licenses from the Isle of Man and Australia, with ongoing efforts to expand its regulatory coverage.

Rivalry Corp. (TSXV: RVLY, OTCQX: RVLCF) launches its online esports and sports betting services in Ontario, marking a significant milestone for the company. With an estimated market size of $1 billion in Ontario, Rivalry aims for leadership among the next generation of sports bettors. The company boasts low customer acquisition costs due to high engagement, setting it apart from foreign competitors. A marketing campaign titled “Bet on Canada. Bet on Rivalry.” is underway, targeting local audiences. Rivalry operates in Canada and Australia, continuing its expansion in regulated markets globally.