Rivalry announces CA$1.3 net income in Q1 results
Canadian Online sports betting provider and media company Rivalry Corp. has announced its financial results for Q1 2025. Operating expenses fell by 58% to CA$4 million (US$2.92 million)1 CAD = 0.7305 USD
2025-07-16Powered by CMG CurrenShift year over year.
The company also saw a 43% reduction in its net losses year-on-year, dropping from CA$9.6 million (US$7.01 million)1 CAD = 0.7305 USD
2025-07-16Powered by CMG CurrenShift to CA$4 million (US$2.92 million)1 CAD = 0.7305 USD
2025-07-16Powered by CMG CurrenShift. Meanwhile, the company hit net revenue of CA$1.3 million (US$950,000)1 CAD = 0.7305 USD
2025-07-16Powered by CMG CurrenShift, consistent with preliminary results released in April.
Co-Founder and Chief Executive Steven Salz said, “This quarter marks the full emergence of Rivalry 2.0 – leaner, sharper, and structurally stronger. We’ve rebuilt the foundation of the business around high-efficiency acquisition, high-value users, and a proprietary product – and we’re already seeing the impact. Rivalry today is not just a leaner version of itself – it’s a fundamentally different company built for scalability.”
The company also published some forward-looking information from Q2 2025, showing that the growth from Q1 continued, with net revenue per player estimated to increase by 49% compared to Q1 2025.
Rivalry also claims its net revenue per player was 210% higher than the average before its strategic review of the organization in 2024. That review included appointing digital gaming-focused investment bank XST Capital Group as an adviser.
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