Rivalry announces continued Growth in Q1 of 2022 with Revenues up 173%

By Arou
May 27, 2022 in Other Sports Betting

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Arou

Posted May 27, 2022

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Member ID: 198

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Posted May 27, 2022

Rivalry, the eSports, sports, and casino betting operator, has released good results for Q1 in 2022, which saw revenues of $4.8 million for the period. This is a growth of 149% compared to the same quarter for 2021 and sees a continued growth from the previous quarter of 122%.

Another key indicator from the Q1 statement is the betting handle for Rivalry, which increased by 273% to $40.2 million from $10.8 million in the same period of 2021. Rivalry also reported that the company is in a healthy position with no debts and has a cash balance of $30.1 million.

Rivalry already operates in around 20 countries. The company is keen to state that it should benefit from future revenues from the recent expansion into the new territories of Ontario and Australia.