Rivalry Reports Strong Q1 2025 KPI Growth, Validating Strategic Pivot Amid Temporary Margin Variance
Rivalry Corp (RVLCF) has released preliminary Q1 2025 KPIs showing significant operational improvements following their strategic transformation. Key highlights include:
- Operational efficiency increased 400%, generating more net revenue per user per dollar of operating expense
- Player monthly deposits up 175% with total deposits rising 36% MoM in February and 12% in March
- Monthly deposit frequency increased 115%
- Q1 betting handle reached $58.2 million with net revenue of $1.3 million
- Net revenue margin was 2.3%, down from 2024's 4.4% due to temporary sportsbook hold fluctuations
The company has reduced monthly operating expenses by approximately $1.7 million and achieved record-high monthly betting handle per user in March 2025. Monthly active players grew 9% in March despite reduced marketing spend. In Ontario, Average Revenue Per Playing Account has nearly doubled compared to pre-overhaul levels.
Rivalry Corp (RVLCF) ha pubblicato i KPI preliminari del primo trimestre 2025, evidenziando significativi miglioramenti operativi a seguito della loro trasformazione strategica. Punti salienti includono:
- Efficienza operativa aumentata del 400%, generando più ricavi netti per utente per ogni dollaro di spesa operativa
- I depositi mensili dei giocatori sono cresciuti del 175%, con un aumento totale dei depositi del 36% mese su mese a febbraio e del 12% a marzo
- Frequenza dei depositi mensili aumentata del 115%
- Il volume delle scommesse del primo trimestre ha raggiunto 58,2 milioni di dollari con un ricavo netto di 1,3 milioni di dollari
- Il margine di ricavo netto è stato del 2,3%, in calo rispetto al 4,4% del 2024 a causa di fluttuazioni temporanee nel margine delle scommesse sportive
L’azienda ha ridotto le spese operative mensili di circa 1,7 milioni di dollari e ha raggiunto un record nel volume delle scommesse mensili per utente a marzo 2025. I giocatori attivi mensili sono cresciuti del 9% a marzo nonostante la riduzione della spesa pubblicitaria. In Ontario, il Ricavo Medio per Conto Giocante è quasi raddoppiato rispetto ai livelli precedenti alla ristrutturazione.
Rivalry Corp (RVLCF) ha publicado los KPI preliminares del primer trimestre de 2025, mostrando mejoras operativas significativas tras su transformación estratégica. Puntos clave incluyen:
- Eficiencia operativa aumentada en un 400%, generando más ingresos netos por usuario por cada dólar de gasto operativo
- Los depósitos mensuales de los jugadores subieron un 175%, con un incremento total de depósitos del 36% mes a mes en febrero y del 12% en marzo
- Frecuencia mensual de depósitos aumentada en un 115%
- El volumen de apuestas del primer trimestre alcanzó los 58,2 millones de dólares con ingresos netos de 1,3 millones de dólares
- El margen de ingresos netos fue del 2,3%, menor que el 4,4% de 2024 debido a fluctuaciones temporales en la retención de la casa de apuestas
La compañía ha reducido los gastos operativos mensuales en aproximadamente 1,7 millones de dólares y alcanzó un récord en el volumen de apuestas mensuales por usuario en marzo de 2025. Los jugadores activos mensuales crecieron un 9% en marzo a pesar de la reducción en el gasto en marketing. En Ontario, el ingreso promedio por cuenta de jugador casi se ha duplicado en comparación con los niveles previos a la renovación.
Rivalry Corp (RVLCF)는 전략적 변화를 거친 후 2025년 1분기 예비 KPI를 발표하며 운영 효율성이 크게 개선되었음을 보여주었습니다. 주요 내용은 다음과 같습니다:
- 운영 효율성이 400% 증가하여 운영비 1달러당 사용자당 순수익이 크게 향상됨
- 플레이어 월별 입금액이 175% 증가했으며, 2월과 3월 월별 총 입금액은 각각 전월 대비 36%, 12% 증가
- 월별 입금 빈도 115% 증가
- 1분기 베팅 핸들은 5,820만 달러에 달했고 순수익은 130만 달러
- 순수익 마진은 2.3%로, 2024년 4.4%에서 일시적인 스포츠북 홀드 변동으로 감소
회사는 월 운영비를 약 170만 달러 절감했고, 2025년 3월 사용자당 월 베팅 핸들에서 사상 최고치를 기록했습니다. 마케팅 비용이 줄었음에도 3월 활성 플레이어 수는 9% 증가했습니다. 온타리오에서는 플레이어 계정당 평균 수익이 개편 이전 수준의 거의 두 배에 달합니다.
Rivalry Corp (RVLCF) a publié les indicateurs clés préliminaires du premier trimestre 2025, montrant des améliorations opérationnelles significatives suite à leur transformation stratégique. Points clés :
- Efficacité opérationnelle augmentée de 400 %, générant plus de revenus nets par utilisateur pour chaque dollar de dépense opérationnelle
- Les dépôts mensuels des joueurs ont augmenté de 175 %, avec une hausse totale des dépôts de 36 % en février et de 12 % en mars en glissement mensuel
- Fréquence mensuelle des dépôts augmentée de 115 %
- Le volume des paris du premier trimestre a atteint 58,2 millions de dollars avec un revenu net de 1,3 million de dollars
- La marge de revenu net était de 2,3 %, en baisse par rapport à 4,4 % en 2024 en raison de fluctuations temporaires du taux de rétention des paris sportifs
L’entreprise a réduit ses dépenses opérationnelles mensuelles d’environ 1,7 million de dollars et a atteint un record de volume de paris mensuel par utilisateur en mars 2025. Le nombre de joueurs actifs mensuels a augmenté de 9 % en mars malgré une réduction des dépenses marketing. En Ontario, le revenu moyen par compte joueur a presque doublé par rapport aux niveaux d’avant la refonte.
Rivalry Corp (RVLCF) hat vorläufige KPIs für das erste Quartal 2025 veröffentlicht, die bedeutende operative Verbesserungen nach ihrer strategischen Transformation zeigen. Wichtige Highlights umfassen:
- Operative Effizienz um 400 % gesteigert, was mehr Nettoumsatz pro Nutzer pro ausgegebenem Betriebsdollar bedeutet
- Monatliche Einzahlungen der Spieler stiegen um 175 %, mit einem Gesamtanstieg der Einzahlungen von 36 % im Februar und 12 % im März im Monatsvergleich
- Monatliche Einzahlungsfrequenz um 115 % erhöht
- Der Wettumsatz im ersten Quartal erreichte 58,2 Millionen US-Dollar mit einem Nettoumsatz von 1,3 Millionen US-Dollar
- Die Nettoumsatzmarge lag bei 2,3 %, gegenüber 4,4 % im Jahr 2024, bedingt durch vorübergehende Schwankungen beim Sportwetten-Hold
Das Unternehmen hat die monatlichen Betriebskosten um etwa 1,7 Millionen US-Dollar gesenkt und im März 2025 einen Rekord beim monatlichen Wettumsatz pro Nutzer erzielt. Die monatlich aktiven Spieler wuchsen im März um 9 %, trotz reduzierter Marketingausgaben. In Ontario hat sich der durchschnittliche Umsatz pro Spielkonto im Vergleich zu den Zeiten vor der Umstrukturierung fast verdoppelt.
- 400% increase in operational efficiency and revenue per user
- 175% growth in average monthly deposits per player
- 115% increase in monthly deposit frequency
- Record-high monthly betting handle per user in March 2025
- 9% monthly active player growth in March despite reduced marketing spend
- Operating expenses reduced by $1.7 million monthly
- Net revenue margin declined to 2.3% in Q1 2025 from 4.4% in 2024
- Lower overall revenue compared to prior periods
- Increased margin volatility due to focus on high-value and VIP players
TORONTO, April 16, 2025 (GLOBE NEWSWIRE) -- Rivalry Corp. (TSXV: RVLY) (OTCQB: RVLCF) ("Rivalry" or the "Company"), the leading sportsbook and iGaming operator for digital-first players, today shared preliminary key performance indicators (“KPIs”) and revenue figures for the three months ended March 31, 2025 (“Q1 2025”), underscoring the success of its strategic transformation and path toward sustainable, profitable growth. All dollar figures are quoted in Canadian dollars.
Q1 2025 marks the first full quarter under Rivalry’s revamped operating model, following significant changes to product offerings, organizational structure, cost management, and user acquisition strategies. Underlying KPIs show improved unit economics, deeper engagement, and structural momentum toward long-term sustainability.
Revenue in the quarter was lower than prior periods - a result of Rivalry’s deliberate shift to a leaner, more efficient model - creating a stronger foundation that the Company is now building on. The shortfall also reflected temporary variance in sportsbook hold, amplified by a strategic focus on high-value and VIP players. The Company believes that these segments drive significantly greater long-term value but can introduce short-term volatility as they scale.
“Our Q1 KPIs are delivering tangible results that validate our strategic shift,” said Steven Salz, Co-Founder and CEO of Rivalry. “The structural changes we implemented over the past six months - from streamlining operations and refocusing the product, to modernizing our platform and concentrating on high-value players - are now clearly reflected in our KPIs. We’re operating more efficiently than ever, generating significantly more revenue per user, and moving closer to achieving sustainable profitability.”
Q1 2025 Highlights1:
- Operational Efficiency Up
400% : In Q1 2025, Rivalry generated over400% more net revenue per user per dollar of operating expense as compared to its average before the strategic overhaul. This marks a significant leap in cost efficiency and operating leverage, validating the impact of recent changes. - Shift to High-Value Players Driving
175% Increase in Player Monthly Deposits: Total deposits rose36% month over month in February 2025 and another12% in March 2025, despite a smaller active user base than past peaks. In Q1 2025, average monthly deposits per player were just over175% higher than the periods prior to Rivalry’s October 2024 strategic overhaul - a clear result of the Company’s focus on acquiring and retaining high-value players, while improving unit economics and lowering variable costs. 115% Increase in Monthly Deposit Frequency: In Q1 2025, average monthly deposit frequency per player increased by115% compared to the average prior to Rivalry’s October 2024 rebuild - signaling strong user re-engagement and validating the Company’s refined product experience and more targeted player strategy.- All-Time High in Monthly Betting Handle per User: Monthly betting handle per active user hit a new all-time high in March 2025, marking the fifth consecutive month of record-breaking engagement and deeper player value.
- Record Revenue per User: In March 2025, monthly Gross and Net Revenue per active user reached all-time highs (normalized for margin variance), extending a four-month streak of consistent revenue per active user growth and player monetization strength.
- Month over Month Active User Growth: Monthly active players grew by
9% in March 2025, following a similar increase in February 2025, despite a significantly reduced global marketing budget compared to the same period last year. - Ontario Regulated Market Showing Strong, Improving Unit Economics: Since the Company’s operational shift, Rivalry’s Average Revenue Per Playing Account (“ARPPA”) in Ontario - a monthly metric defined by and publicly reported by gaming regulator iGO - has generally trended in line with the market average, and in some months exceeded it by as much as
50% . ARPPA has also nearly doubled compared to pre-overhaul levels at Rivalry, reflecting strengthening unit economics supported by efficient customer acquisition, with customer acquisition cost paybacks consistently within single-digit weeks.
Operational Momentum and Efficiency Gains Reflect Structural Progress
The Company’s Q1 2025 performance reflects the first full quarter operating under a significantly leaner structure, with total monthly run rate operating expenses reduced by approximately
Betting handle in Q1 2025 was
On a normalized margin basis, Rivalry’s Q1 2025 net revenue would have covered approximately
“The KPIs are telling the real story - user value is up, efficiency is up, and player engagement is the strongest we’ve seen in the Company’s history,” said Steven Salz, Co-Founder and CEO of Rivalry. “Even with soft margin outcomes in Q1 2025, the model is showing strong underlying signals. As sportsbook hold normalizes and our cost base becomes leaner, we believe we’re moving in the right direction.”
Over the past six months, Rivalry has reduced monthly run rate operating expenses by approximately
“We’ve built a stronger, leaner, and more focused Rivalry,” Salz added. “Our improved KPIs and disciplined cost management have created a healthier foundation. With continued operational momentum and a re-energized product, we believe we’re on a promising path forward.”
Company Contact:
Steven Salz, Co-founder & CEO
ss@rivalry.com
Investor Contact:
investors@rivalry.com
Financial Outlook
This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for net revenue and net revenue margin for the period ending March 31, 2025, and net revenue margin for the 12 months ended December 31, 2024 and may not be appropriate for any other purpose. Preliminary and unaudited financial results are subject to customary financial statement procedures. Actual results could be affected by subsequent events or determinations. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading “Cautionary Note Regarding Forward-Looking Information and Statements”. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading "Cautionary Note Regarding Forward-Looking Information and Statements", it should not be relied on as necessarily indicative of future results.
Cautionary Note Regarding Forward-Looking Information and Statements
This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s financial performance, including net revenue and net revenue margin for the three months ended March 31, 2025, the anticipated results of the Company’s strategic shift and ongoing efforts to reduce operating expenses and achieving sustainable profitability. Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements.
Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; negative cash flow from operations and the Company’s ability to operate as a going concern; the Company’s ability to repay amounts owing under its secured and unsecured indebtedness; failure to retain or add customers; the Company having a limited operating history; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the three and nine months ended September 30, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.
No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
1 Preliminary and unaudited financial results are subject to customary financial statement procedures by the Company and its auditors. Actual results could be affected by subsequent events or determinations. These preliminary results represent forward-looking information. See “Cautionary Note Regarding Forward-Looking Information and Statements” and “Financial Outlook”.
FAQ
What was Rivalry's (RVLCF) betting handle and revenue for Q1 2025?
How much did Rivalry (RVLCF) reduce its operating expenses in 2025?
What was the growth in player deposits for Rivalry (RVLCF) in Q1 2025?
How did Rivalry's (RVLCF) net revenue margin in Q1 2025 compare to 2024?
What was the operational efficiency improvement for Rivalry (RVLCF) in Q1 2025?
