Rivalry Corporation has reported its financial results for the third quarter of 2025, having produced a net revenue of CA$1.9m (US$1.4m) throughout the period, equating to an increase of 19% year-over-year.
"Q3 2025 reflects the continued momentum we've built throughout the year," Rivalry Co-Founder and CEO Steven Salz said.
"We increased revenue for the third straight quarter, reduced costs again on a year-over-year basis and materially improved our loss profile. Alongside the completion of our financing and debt restructuring post-quarter, Rivalry enters its next chapter on a stronger, more sustainable foundation."
Rivalry managed to improve its net loss for Q3 2025 by 67%, having generated a loss of just under $2m for the period.
Throughout Q3 2025, Rivalry cut operating expenses by 58% for a total of just over $3.5m, said to reflect "continued discipline and normalization" of the operator's streamlined cost base.
Adjusted expenses for general & administrative and technology & content were $1.6m and $0.7m, respectively, as a portion of the expenses were "non-recurring and non-operational in nature."
The operator's regulated market in Ontario produced its highest grossing quarter across all core key performance indicators (KPIs), accounting for nearly 40% of Rivalry's total revenue after representing less than 20% of profits throughout the prior year period.
The positive Q3 2025 results were said to reflect the "ongoing impact" of Rivalry's operating model having been rebuilt in the fourth quarter of 2024, as well as emphasize high-value users, structured acquisition, improved product performance and enhanced consumer retention.
"Rivalry is emerging from its transformation as a leaner, sharper and more resilient business," Salz said.
"We have rebuilt the engine, proven its performance and strengthened the balance sheet. The focus now is on executing with precision and unlocking the scale potential of everything we've built."
Future projects still to be launched by Rivalry include jackpot features within its revised casino experience, a rebuilt responsible gaming product and the full rollout of new site-wide navigation improvements.
Game development studio Evoplay recently unveiled its portfolio of slot games content in the Ontario, Canada following a strategic agreement with Rivalry on August 18
