Rivalry Reports Record Ontario Performance
Executive Summary
- Rivalry Corp. reports accelerating momentum in its core Ontario market, tracking toward an all‑time record quarter for handle, gross revenue and net revenue.
- Q4 2025 active players are up ~28% versus Q3, 60% year‑over‑year; deposits rose ~240% YoY with a 117% increase in deposit count; wagers doubled YoY—all achieved with only ~$75k incremental marketing spend.
- The company completed its previously announced non‑brokered private placement, raising total gross proceeds of $4.26 million as previously disclosed.
Key Details
- Ontario Performance (Q4 2025 to date)
- Active players: +28% vs Q3; +60% YoY.
- Deposits: +240% YoY; deposit count +117% YoY.
- Wagers: +100% YoY.
-
Incremental marketing spend for the quarter: ≈ $75,000 USD (modest increase over prior run‑rate).
-
Capital Restructuring & Refinancing
-
October capital restructuring and refinancing completed; incremental spend linked to this financing is driving current growth.
-
Private Placement Completion
-
Non‑brokered private placement finalized; total gross proceeds $4.26 million (no additional funds beyond prior announcements on Sep 29, Oct 9, Oct 17, Oct 24, Nov 14, 2025).
-
Outlook & Strategic Focus for 2026
- Continue disciplined execution: scale proven marketing initiatives, enhance product/onboarding/retention, grow Ontario’s share of total revenue, maintain an efficient cost base.
Notable Quotes
“We’re seeing record activity and revenue in a regulated market with disciplined, incremental spend, which reinforces the strength and durability of the operating model we rebuilt over the past year.” – Steven Salz, Co‑Founder & CEO, Rivalry Corp.