Rivalry Corp (TSE:RVLY) has released an update.
Rivalry Corp reports robust growth in 2023, with a significant 82% increase in betting handle and a 34% rise in revenue, while also cutting marketing costs by 15%. The company hit record customer metrics, surpassing 2 million total player registrations, and reiterates its projection of profitability by the first half of 2024. Rivalry’s expansion into new market segments and its focus on Gen Z leadership have positioned it for sustainable long-term growth.
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