Business
Rivalry Reports Q3 2025 Results Highlighting Continued Revenue Growth and Structural Efficiency
TORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “...
About this update from Rivalry Corp.
Rivalry Reports Q3 2025 Results Highlighting Continued Revenue Growth and Structural EfficiencyOperating expenses reduced 58% year-over-year and net loss improved 67% as Rivalry posts third consecutive quarter of revenue growth and completes debt restructure and recapitalization to enter 2026 on a strengthened foundation TORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY), an internationally regulated sports betting and media company, today announced financial results for the three and nine-month period ended September 30, 2025 (“Q3 2025”). All dollar figures are quoted in Canadian dollars unless otherwise noted. Q3 2025 marks Rivalry’s third consecutive quarter of sequential net revenue growth under its structurally rebuilt operating model. Since the Company’s transformation began in Q4 2024, Rivalry has delivered consistent improvements in player value, marketing efficiency, cost structure, and overall operating leverage. “Q3 2025 reflects the continued momentum we’ve built throughout the year,” said Steven Salz, Co-Founder and CEO of Rivalry. “We increased revenue for the third straight quarter, reduced costs again on a year-over-year basis, and materially improved our loss profile. Alongside the completion of our financing and debt restructuring post-quarter, Rivalry enters its next chapter on a stronger, more sustainable foundation.” Key Highlights Net revenue increased 19% sequentially to $1.93 million in Q3 2025 , up from $1.6 million in Q2 2025 and $1.3 million in Q1 2025 - representing 47% growth since the start of the year. Operating expenses declined 58% year-over-year to $3.52 million, down from $8.47 million in Q3 2024, reflecting continued discipline and normalization of the Company’s streamlined cost base. Net loss improved 67% year-over-year to $1.96 million, compared to $5.89 million in Q3 2024. Rivalry’s regulated market Ontario achieved its best quarter ever across all core KPIs. Over the last 12 months, Ontario has grown from representing under 20% of Company net revenue to nearing 40% in Q3 2025, and continues to grow as a share of the business - directly supporting long-term regulated market durability. These results reflect the ongoing impact of Rivalry’s rebuilt operating mod...