Markets.News
Rivalry Corp. announced its financial results for the second quarter of 2025, highlighting a 24% increase in net revenue to $1.6 million from the previous quarter. Operating expenses decreased by 62% year-over-year to $3.6 million, resulting in a narrowed net loss of $2.19 million, down 59% compared to the same period in 2024. Customer Acquisition Cost payback improved to 1.5 months in the first half of 2025. Adjusted operating metrics showed the company operating closer to breakeven, with adjusted G&A expenses at $1.7 million and adjusted Technology and Content expenses at $440,000. Record player economics were achieved with a 49% increase in net revenue per player, 7% rise in wagers per player, 28% increase in monthly deposits per player, and 22% climb in deposit frequency per player. These improvements were attributed to a stronger product, player segmentation, and platform engagement. This marks the company's progress towards profitability and efficiency in its business model restructuring.