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Rivalry Reports Strong Q1 2025 KPI Growth, Validating Strategic Pivot Amid Temporary Margin Variance

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Rivalry Corp. (TSXV: RVLY) (OTCQB: RVLCF) (“Rivalry” or the “Company”), the leading sportsbook and iGaming operator for digital-first players, today shared preliminary key performance indicators (“KPIs”) and revenue figures for the three months ended March 31, 2025 (“Q1 2025”), underscoring the success of its strategic transformation and path toward sustainable, profitable growth. All dollar figures are quoted in Canadian dollars.

Q1 2025 marks the first full quarter under Rivalry’s revamped operating model, following significant changes to product offerings, organizational structure, cost management, and user acquisition strategies. Underlying KPIs show improved unit economics, deeper engagement, and structural momentum toward long-term sustainability.

Revenue in the quarter was lower than prior periods – a result of Rivalry’s deliberate shift to a leaner, more efficient model – creating a stronger foundation that the Company is now building on. The shortfall also reflected temporary variance in sportsbook hold, amplified by a strategic focus on high-value and VIP players. The Company believes that these segments drive significantly greater long-term value but can introduce short-term volatility as they scale.

“Our Q1 KPIs are delivering tangible results that validate our strategic shift,” said Steven Salz, Co-Founder and CEO of Rivalry. “The structural changes we implemented over the past six months – from streamlining operations and refocusing the product, to modernizing our platform and concentrating on high-value players – are now clearly reflected in our KPIs. We’re operating more efficiently than ever, generating significantly more revenue per user, and moving closer to achieving sustainable profitability.”

Q1 2025 Highlights1:

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  • Operational Efficiency Up 400%: In Q1 2025, Rivalry generated over 400% more net revenue per user per dollar of operating expense as compared to its average before the strategic overhaul. This marks a significant leap in cost efficiency and operating leverage, validating the impact of recent changes.
  • Shift to High-Value Players Driving 175% Increase in Player Monthly Deposits: Total deposits rose 36% month over month in February 2025 and another 12% in March 2025, despite a smaller active user base than past peaks. In Q1 2025, average monthly deposits per player were just over 175% higher than the periods prior to Rivalry’s October 2024 strategic overhaul – a clear result of the Company’s focus on acquiring and retaining high-value players, while improving unit economics and lowering variable costs.
  • 115% Increase in Monthly Deposit Frequency: In Q1 2025, average monthly deposit frequency per player increased by 115% compared to the average prior to Rivalry’s October 2024 rebuild – signaling strong user re-engagement and validating the Company’s refined product experience and more targeted player strategy.
  • All-Time High in Monthly Betting Handle per User: Monthly betting handle per active user hit a new all-time high in March 2025, marking the fifth consecutive month of record-breaking engagement and deeper player value.
  • Record Revenue per User: In March 2025, monthly Gross and Net Revenue per active user reached all-time highs (normalized for margin variance), extending a four-month streak of consistent revenue per active user growth and player monetization strength.
  • Month over Month Active User Growth: Monthly active players grew by 9% in March 2025, following a similar increase in February 2025, despite a significantly reduced global marketing budget compared to the same period last year.
  • Ontario Regulated Market Showing Strong, Improving Unit Economics: Since the Company’s operational shift, Rivalry’s Average Revenue Per Playing Account (“ARPPA”) in Ontario – a monthly metric defined by and publicly reported by gaming regulator iGO – has generally trended in line with the market average, and in some months exceeded it by as much as 50%. ARPPA has also nearly doubled compared to pre-overhaul levels at Rivalry, reflecting strengthening unit economics supported by efficient customer acquisition, with customer acquisition cost paybacks consistently within single-digit weeks.

Operational Momentum and Efficiency Gains Reflect Structural Progress

The Company’s Q1 2025 performance reflects the first full quarter operating under a significantly leaner structure, with total monthly run rate operating expenses reduced by approximately 65% as compared to prior peak periods.

Betting handle in Q1 2025 was $58.2 million, and net revenue $1.3 million1, for a net revenue margin of 2.3%. This compares to Rivalry’s full-year 2024 net revenue margin of 4.4%1, with the Q1 2025 margin variance largely attributable to short-term fluctuations in sportsbook hold. This was amplified by the Company’s strategic pivot toward high-value and VIP players – segments that offer significantly greater long-term value but naturally introduce more short-term variability in margin performance as they scale.

On a normalized margin basis, Rivalry’s Q1 2025 net revenue would have covered approximately 75% of current run rate operating expenses, inclusive of additional cost reductions completed in early April that lowered monthly operating expenses by approximately $140,000. Growing user value, rising engagement, and stronger unit economics reflect encouraging momentum toward long-term financial sustainability.

“The KPIs are telling the real story – user value is up, efficiency is up, and player engagement is the strongest we’ve seen in the Company’s history,” said Steven Salz, Co-Founder and CEO of Rivalry. “Even with soft margin outcomes in Q1 2025, the model is showing strong underlying signals. As sportsbook hold normalizes and our cost base becomes leaner, we believe we’re moving in the right direction.”

Over the past six months, Rivalry has reduced monthly run rate operating expenses by approximately $1.7 million per month, inclusive of the recently completed April 2025 reductions. These reductions have been enabled by a fully modernized core product with improved site performance and ongoing development velocity across key revenue-driving features. The Company has also realized efficiencies through vendor rationalization and the rollout of AI-driven tools across departments.

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“We’ve built a stronger, leaner, and more focused Rivalry,” Salz added. “Our improved KPIs and disciplined cost management have created a healthier foundation. With continued operational momentum and a re-energized product, we believe we’re on a promising path forward.”

The post Rivalry Reports Strong Q1 2025 KPI Growth, Validating Strategic Pivot Amid Temporary Margin Variance appeared first on Gaming and Gambling Industry in the Americas.

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Lady of Fortune Destiny Spins returns with mystical upgrades

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Play’n GO revives one of its earliest icons with Lady of Fortune Destiny Spins. The Lady steps back into the spotlight with a refreshed presence, ushering in a wave of unpredictability that rewards attention and patience in equal measure.

With a glowing crystal ball at her side, the Lady of Fortune transforms missed chances into charged potential. Every non-winning spin has the power to unlock the Pick Prize – a magical card reveal that can lead to valuable rewards. In both the base game and Destiny Spins, scattered symbols and upgraded Wild multipliers make sure momentum never fades.

The slot balances simplicity with suspense. The Destiny Spins feature, which can be re-triggered, gives players the opportunity to build on their fortune with up to 80 spins. Meanwhile, multipliers on Wilds – which can go as high as x10 – create a sense of build-up that complements the mystical tone. The three-way pay mechanic (left to right, right to left, and middle) adds a layer of accessibility for newer players while keeping seasoned fans engaged.

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Thematically, this game draws from the original Lady of Fortune while refining her identity for a contemporary audience. Visually enriched and mechanically streamlined, this sequel captures the essence of the first title without leaning on nostalgia alone. It joins a family of fortune-themed slots that offer more than just luck – they offer layered decision-making wrapped in atmospheric presentation.

Magnus Wallentin, Games Ambassador at Play’n GO, said: “Bringing back the Lady of Fortune was a very deliberate choice. With Destiny Spins and the Pick Prize mechanic, we’re showing how classic themes can still feel fresh when paired with elegant design.”

Lady of Fortune Destiny Spins invites players to look beyond the obvious – the rewards may be hidden, but never out of reach.

The post Lady of Fortune Destiny Spins returns with mystical upgrades appeared first on European Gaming Industry News.

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Goatz.com launches with Elantil

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Up-and-coming online casino brand deploys Elantil’s platform to power its high-impact launch

Goatz.com, the challenger online casino brand looking to carve a path in the industry with its innovative design and high-energy gameplay, has announced it will use Elantil’s solutions to power its platform ahead of a multi-jurisdiction launch later this year.

A unique entry among the legions of online casinos on the market, Goatz.com combines striking imagery with a beat that keeps the adrenaline pumping to provide an atmosphere quite like any other, ensuring players stay on the edge of their seats as they browse over 2,400 legendary titles.

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By choosing Elantil to power its platform, Goatz.com now enjoys full creative freedom—crafting unique marketing strategies and loyalty programs that elevate the brand far above the competition. Elantil’s technology transforms operators visions—once constrained by traditional platforms—into reality.

While pointing to a roadmap across multiple European jurisdictions, Goatz.com emphasized that Elantil’s agile and highly configurable platform is perfectly suited to support their launch in various jurisdictions. The flexibility and speed of deployment enabled by Elantil’s modular architecture provide the ideal foundation for their growth strategy. With Elantil, brands can launch with the click of a button, enabling swift, seamless entry into new markets

Of course, in addition to this intuitive and easy-to-customise Operational Management System, Goatz.com will also be able to connect with a wide variety of leading technology providers via Elantil’s Marketplace and use the company’s Real-Time Data Platform to gain instant, actionable insights into users, making it a fitting 360-degree solution for such an epic new brand.

Nadiya Attard, Chief Commercial Officer at Elantil, said: “We’re immensely proud to be working with one of the most dynamic new brands in iGaming. Goatz’s confidence in our technology speaks volumes. Our platform enables them to build standout marketing and player loyalty and rewards programs—giving them the tools to truly shine in an increasingly competitive market. Elantil is here to empower operators with a technology that allows them to launch brands with a click of a button, and that’s exactly what we did with Goatz.com—with many more operators to come.”

The post Goatz.com launches with Elantil appeared first on European Gaming Industry News.

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Golden Whale announces new partnership with RPM

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Pioneering data-driven service provider joins forces with experienced gaming consultancy firm to enhance the business’s sales and lead generation potential

Golden Whale, the leading provider of AI and ML-driven solutions for the iGaming industry, has announced it has formed a new strategic partnership with RPM that will further support the company’s sales and lead generation efforts over the coming months.

Backed up by a team of iGaming veterans with countless years of experience, RPM provides access to a trusted network of contacts while supporting businesses with fully costed discovery and analysis, empowering them to connect with companies in all areas of the industry.

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With a portfolio of partners spanning casino, sports betting, data analysis, CRM and payments, RPM removes barriers and makes it easy for clients to tap into new markets, meaning they’re ideally suited to companies looking to increase their outreach and bring in new business.

Having formed several strategic partnerships in recent months and also announced its sponsorship of the upcoming SBC Summit in Lisbon, Golden Whale definitely falls into this category – and the service provider will now look to leverage RPM’s extensive list of contacts to identify the clients that stand to benefit most from its unique data-driven technology.

As such, the deal will help introduce Golden Whale’s services to a new audience of potential customers while also adding another important component to RPM’s growing network of services, and both parties are already excited about the opportunities the collaboration will bring.

Eberhard Dürrschmid, CEO at Golden Whale, said: “We’re really happy to have partnered with RPM and believe their extensive network of contacts will be key to us expanding our operations in future. With our advanced models delivering proven uplift for businesses across the industry, we’re looking forward to meeting new clients and proving how Golden Whale can help.”

Ruari Boyle, CCO at RPM Gaming, said: “Everyone at RPM is excited to welcome Golden Whale on board. Having met the team and seen how their sophisticated AI and ML solutions can help businesses of all sizes optimise their retention, engagement and operational efficiency, we’re sure they’ll prove an invaluable addition to our network in the months to come.”

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