- Rivalry Corp (RVLCF, Financial) achieves a 400% increase in operational efficiency during Q1 2025.
- Player monthly deposits surge by 175%, with monthly deposit frequency up by 115%.
- Net revenue margin drops to 2.3% in Q1 2025, compared to 4.4% in 2024 due to temporary sportsbook hold fluctuations.
Rivalry Corp (RVLCF), a prominent sportsbook and iGaming operator targeting digital-first players, has reported significant growth in key performance indicators for the first quarter of 2025. The company's focused strategic transformation has led to remarkable operational improvements, including a 400% increase in operational efficiency. This substantial enhancement has resulted in generating more net revenue per user per dollar of operating expense.
Throughout Q1 2025, Rivalry saw a 175% increase in average monthly deposits per player. February alone witnessed a 36% rise in total deposits month-over-month, followed by a 12% increase in March. Additionally, monthly deposit frequency saw a 115% boost, highlighting the successful re-engagement of users and validation of the company's refined product experience.
The company's total betting handle reached $58.2 million with net revenue amounting to $1.3 million. However, the net revenue margin decreased to 2.3% from 2024's 4.4% due to temporary fluctuations in sportsbook hold, influenced by the strategic pivot towards high-value and VIP players. Despite the margin decline, Rivalry has effectively reduced monthly operating expenses by approximately $1.7 million, setting a strong foundation for future profitability.
Rivalry also reported that monthly active players grew by 9% in March 2025, despite a reduction in marketing expenditure. In Ontario, the Average Revenue Per Playing Account almost doubled compared to levels before the company's strategic overhaul. This progress reflects stronger unit economics driven by efficient customer acquisition and lower variable costs.
CEO Steven Salz remarked on the successful implementation of recent strategic shifts, stating that these changes have allowed Rivalry to operate more efficiently, generate significant revenue per user, and move closer to achieving sustainable profitability. The company's continuous drive to modernize its platform and target high-value players is expected to unlock further long-term value.
