TORONTO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY), the leading sportsbook and iGaming operator for digital-first players, today provided an update on accelerating momentum in Ontario, the Company’s core regulated market.
Ontario Performance Update
Rivalry continues to see accelerating momentum in Ontario following the completion of its October capital restructuring and refinancing.
Based on results to date, the Company is tracking toward an all-time record quarter in Ontario across handle, gross revenue, and net revenue, while already having reached new all-time highs in active players and newly acquired players during Q4 2025.
Importantly, this performance is occurring early in Rivalry’s marketing re-acceleration, with Ontario growth driven by approximately six weeks of incremental spend following the closing of the Company’s capital restructuring.
During Q4 2025 to date:
- Quarter-to-date, active players are tracking 28% above Q3 levels, with December activity still in progress.
- Active players increased nearly 60% year-over-year, reflecting continued expansion of the Ontario player base.
- Deposits increased approximately 240% year-over-year, alongside a 117% increase in deposit count, reflecting broader participation and deeper engagement across the Ontario player base.
- Wagers increased 100% year-over-year, driven by sustained gains in player activity and retention.
This growth has been achieved with only a modest increase in Ontario marketing investment, representing approximately $75,000 USD of incremental spend above the Company’s prior run-rate, which had remained largely static throughout the year prior to the capital restructuring and refinancing.
“These Ontario results are particularly encouraging given the limited duration and scale of the marketing ramp so far,” said Steven Salz, Co-Founder and CEO of Rivalry. “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.”
Ontario continues to grow as a proportion of total Company revenue and remains the primary focus of Rivalry’s market strategy heading into 2026.
Private Placement Update
The Company also announced that it has completed its previously announced non-brokered private placement, as disclosed on September 29, October 9, October 17, October 24, and November 14, 2025. No additional funds were raised beyond the amounts previously announced, resulting in total gross proceeds from the private placement of $4.26 million.
Outlook
Rivalry remains focused on disciplined execution, including:
- Scaling proven marketing initiatives with demonstrated return characteristics.
- Continuing product, onboarding, and retention enhancements.
- Growing Ontario as a proportion of total Company revenue.
- Maintaining a normalized and efficient cost base.
About Rivalry
Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sports betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Company Contact:
Steven Salz, Co-founder & CEO
ss@rivalry.com
Investor Contact:
Cautionary Note Regarding Forward-Looking Information and Statements
This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. The Company’s financial performance in Q4 2025 is subject to customary financial statement procedures by the Company and its auditors. Actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for the disclosure in this news release, the Company’s financial performance involves known and unknown risks and uncertainties that may cause actual results to differ materially. Forward-looking statements in this news release include, but are not limited to, Rivalry’s key performance indicators and performance in Q4 2025, anticipated record revenue and gross revenue from Ontario operations in Q4 2025 and increased growth in the Ontario market.
Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company’s ability to operate as a going concern; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the 12 months ended December 31, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.
No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
