Rivalry Corporation has provided an update on its projected performance in Ontario throughout Q4 2025, as the operator now expects to eclipse new quarterly highs in gross revenue, handle and net revenue across the province.
Rivalry has already reported quarterly highs in active players and newly acquired players in Ontario for Q4 2025, driven by "six weeks of incremental spend" after the closing of Rivalry's capital restructuring.
"These Ontario results are particularly encouraging given the limited duration and scale of the marketing ramp so far," Rivalry Co-Founder and CEO Steven Salz said.
"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."
The operator forecasts 60% year-over-year growth in active players for the fourth quarter of 2025, as well as a 100% increase in wagers placed by Ontario players.
Deposits on platforms managed by Rivalry in Ontario are projected to increase by approximately 240%, alongside 117% growth in deposit count.
Growth in the province was achieved following $75,000 of incremental spend above Rivalry's prior run-date, which had been static prior to the capital restructuring and financing.
The deposit increases were said to reflect "broader participation and deeper engagement" among Ontario players, while the growth in wagers was driven by "sustained gains in player activity and retention."
According to Rivalry, Ontario operations continue to expand as a proportion of the operator's total revenue and remain as the "primary focus" of Rivalry's market strategy for 2026.
The operator will scale proven marketing initiatives with previously seen return characteristics and maintain a "normalized and efficient" cost basis.
Rivalry Corporation reported its financial results for the third quarter of 2025 on December 1, having produced a net revenue of CA$1.9m (US$1.4m) throughout the period, equating to an increase of 19%
