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Rivalry Q3 Financial Report: Revenue rose 19%, losses narrowed by 67%, and began refined operations.

【Coin World】Rivalry Corp. just released its Q3 report, with revenue rising for three consecutive quarters—this time it jumped directly by 19% to $1.93 million. Even more aggressive is the cost-cutting: operating expenses plummeted by 58% to $3.52 million, and losses narrowed by 67% to just $1.96 million.

CEO Steven Salz said that they are now focusing on high-value users and are not wasting money on marketing. The revenue contribution from individual players has reached a new high, and the regulated market in Ontario now accounts for almost 40% of the income.

They just finished a quarter and then organized another round of private placement, raising 4.26 million dollars, and also restructured 12.53 million in debt—finally making the balance sheet look better. This pace really looks like they are actually consolidating, unlike before when it was so wild.

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LostBetweenChainsvip
· 11h ago
Wow, has Rivalry finally learned to operate more efficiently? I thought they were going to go under with all that money-burning behavior before.
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AirdropFreedomvip
· 11h ago
Wow, this financial report is really getting serious. It's gone from a money-burning machine to refined operations. It has a bit of that vibe.
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retroactive_airdropvip
· 11h ago
Finally, I see a team that understands it’s not just about burning money to win... --- Operating expenses cut by 58% while still increasing revenue? This is the right path! --- Private sale 4.26 million debt restructuring, this balance sheet operation is interesting. --- From wild growth to refined operations, it seems the CEO has really changed their mindset. --- High-value user strategy + regulated market accounts for 40% of revenue, this positioning is quite wise. --- Losses narrowed by 67%, not exaggerating or downplaying, this momentum is still holding strong. --- Increasing revenue for three consecutive quarters while cutting costs, is Rivalry serious about this? --- Single player revenue hits a new high... this means they have retained core users. --- Marketing is no longer just burning money, finally a team has figured out the business logic. --- After debt restructuring, the balance sheet looks good, financing of 4.26 million is also in place, this is the pace to To da moon!
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NftDeepBreathervip
· 11h ago
Rivalry has indeed put in the effort this time, transitioning from burning cash to refinement, it's clear they are serious. --- Why does it feel like all companies have started to become more rational? This is how it should be. --- A 67% reduction in losses is a good number, but we still need to see if they can stabilize moving forward. --- Cutting costs by 58%, this pace is really not bad... I wonder if user experience will be affected. --- With 4.26 million in private sale, they can still restructure their debt; their financial situation looks quite tidy. --- Is the high-value user model so popular now? It seems every company is trying to learn this trick. --- Ontario has nearly 40% of the revenue now; the regulated market indeed has potential, but competition is also rising. --- From once being "wild" to now being "tamed", it's already impressive to survive and thrive like this. --- Increasing revenue for three consecutive quarters is indeed stable, but whether growth can continue without burning money on marketing is a question. --- Single player revenue is at a new high, indicating that retention and conversion are upgrading... this approach is good.
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GateUser-a5fa8bd0vip
· 11h ago
Finally seeing good-looking data after pumping for so long, operating expenses cut by more than half? This is what we call being pragmatic.
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