In Q3 2025, Rivalry reported its third consecutive quarter of sequential net revenue growth, maintaining momentum from its operational restructuring that started in late 2024.
Compared to $1.6m (£1.1m) in Q2 2025 and CAD$1.3m (£698,000) in Q1 2025, the esports and sports betting platform’s net revenue increased 19% sequentially to CAD$1.93m (£1.03m) in Q3 2025.
The company also made significant strides in cost management and profitability improvement.
Operating expenses declined 58% year-over-year to CAD$3.52m (£1.98m), down from CAD$8.47m (£4.5m) in Q3 2024. Meanwhile, its net loss improved 67% year-over-year to CAD$1.96m (£1.