Rivalry reports a Q3 revenue gain of 93%.
In comparison to Q3 2021, Rivalry's third-quarter sales increased by 93%, totaling CA$7.1m (US$5.2m) as opposed to Q3 2021's CA$3.7m.
In its presentation, Rivalry said that its third-quarter gross profit of CA$2.1m, up 263% from CA$600,000 for the same period previous year, was a record high. Company further stated that as of the end of September 30th, 2022, it has cash reserves of CA$23m and no debt.
Its betting handle during the third quarter has topped CA$70.3 million, an increase of 203% over previous year and 83% over Q3 2021.
In the meantime, Rivalry published a preliminary report that detailed the profit it generated in October 2022, the game's first-ever monthly profit.
In comparison to Q3 2021, Rivalry's third-quarter sales increased by 93%, totaling CA$7.1m (US$5.2m) as opposed to Q3 2021's CA$3.7m.
In its presentation, Rivalry said that its third-quarter gross profit of CA$2.1m, up 263% from CA$600,000 for the same period previous year, was a record high. Company further stated that as of the end of September 30th, 2022, it has cash reserves of CA$23m and no debt.
Its betting handle during the third quarter has topped CA$70.3 million, an increase of 203% over previous year and 83% over Q3 2021.
In the meantime, Rivalry published a preliminary report that detailed the profit it generated in October 2022, the game's first-ever monthly profit.
