- Rivalry (RVLY) has achieved record Q4 and 2021 YoY results
- Its betting handle for 2021 was C$78.2M, up 202 per cent from 2020
- Revenue for 2021 was $11.1M, up 617 per cent from 2020
- Q4’s betting handle and revenue were up 389 and 615 per cent YoY, respectively
- Rivalry offers fully regulated online wagering on esports, traditional sports and casino games
- Rivalry (RVLY) closed up by 5.7 per cent trading at $1.67 per share
Rivalry (RVLY) has achieved record Q4 and 2021 YoY results.
2021 highlights
- Betting handle was C$78.2M, up 202 per cent from 2020
- Revenue was $11.1M, up 617 per cent from 2020
- Gross profit was $2.2M, up 217 per cent from 2020
- Cash on hand was $35.5M at year end
Q4 2021 highlights
- Betting handle was $24.9M, up 389 per cent from Q4 2020
- Revenue was $2.2M, up 615 per cent from Q4 2020
- Gross profit was $0.4M, up 366 per cent from Q4 2020
2021 operational highlights
- 90 per cent of Rivalry‘s betting handle was placed on esports events, compared to 10 per cent on traditional sports
- Approximately 82 per cent of lifetime customers are under the age of 30
- Customer registrations totaled 610,000 by the end of 2021, up 350,000 YoY
- Rivalry’s partner network and owned properties reached a total of 55M followers
Subsequent events
- Q1 2022’s betting handle reached a record $40.2M, up 273 per cent YoY and up 62 per cent from Q4 2021
- On February 9, 2022, Rivalry was awarded its sports bookmaker license by the Northern Territory Racing Commission (Australia)
- In March 2022, the company added mobile esports to its sportsbook
- The company was among the first to begin operations in Ontario on April 4, 2022, the first day of regulated online gaming in the province
Goals for 2022
- Meaningful expansion of the company’s traditional sports offering to support continued interest and growth
- New original games to complement Rushlane and add depth to Rivalry’s massively multiplayer online gambling games
- Launching a mobile app and a casino offering
- Launching in new geographies under Rivalry’s existing Isle of Man license, as well as the procurement of new regulated gaming licenses
“We had a tremendous year by nearly all measures in 2021,” stated Steven Salz, Rivalry’s CEO. “Our team delivered triple-digit growth, secured the financial resources to accelerate our momentum, continued to strengthen our originally developed product, added significant talent depth to our bench, and further solidified Rivalry as the most engaged brand in esports betting globally.”
Rivalry operates a leading sport betting and media property offering fully regulated online wagering on esports, traditional sports and casino games.
Rivalry (RVLY) closed up by 5.7 per cent trading at $1.67 per share.