Rivalry reports $13.6m net revenue for FY2024
The company said it is encouraged by its progress throughout the year.
Key Points
- Net loss and operating expenses are lower than what Rivalry posted one year ago
- The CEO says recent changes have resulted in signs of positive impact for 2025
Rivalry Corp. has published its financial and business results for the 2024 fiscal year. Net revenue last year reached $13.6m, a decrease of nearly $3m year-over-year.
The Canadian company reported narrowing its net loss and reducing its operating expenses last year by 17%.
Operating expenses totaled $32.2m in 2024, nearly $6m less than what the company spent in 2023.
Last year, Rivalry reported a $22.4m net loss and a year-end cash total of $2.7m.
Company Co-Founder and CEO Steven Salz discussed last these results and how they have affected progress this year.
He commented, “We made hard decisions last year – rebuilding the product, cutting costs, and refining our approach to players – and those changes are beginning to show signs of positive impact.
“The latter half of 2024 set the stage, and we’re encouraged by the progress seen so far in 2025.”
Rivalry is the company behind Casino.exe, an interactive casino platform, which is home to the company’s current and future titles. The platform features Penalty Shootout, Bomb Squad, Wheel of Time and Courier Sweeper.
Casino.exe was designed as a virtual interface that allows users to access titles from Rivalry’s third-party casino titles within an interactive online space.
The sportsbook and iGaming operator recently added another accepted payment method to its cryptocurrency, a US President Donald Trump’s official Solana cryptocurrency $TRUMP.
Rivalry customers can access this payment option on the Solana blockchain.
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