TORONTO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY), the leading sportsbook and iGaming operator for digital-first players, today provided an update on accelerating momentum in Ontario, the Company’s core regulated market. Ontario Performance Update Rivalry continues to see accelerating momentum in Ontario following the completion of its October capital restructuring and refinancing. Based on results to date, the Company is tracking toward an all-time record qu ...

Core Points - Rivalry Corp. is extending the closing date for the final tranche of its non-brokered private placement by an additional 30 days, now expected to complete by December 15, 2025 [1][2] Company Overview - Rivalry Corp. is a leading sportsbook and iGaming operator focused on digital-first players, operating globally in over 20 countries [4] - The company offers regulated online wagering on esports, traditional sports, and casino games, and has held an Isle of Man license since 2018 [4] - Rivalry is in the process of obtaining additional country licenses and has a native crypto token, positioning itself as a market leader among digital-first users [4]

Core Points - Rivalry Corp. has successfully closed the third tranche of its non-brokered private placement, issuing 29,937,930 units at a price of C$0.05 per unit, resulting in gross proceeds of C$1,496,896.50 [1] - The company has also completed a debt restructuring agreement with its senior lender, which involved the settlement of C$12,526,384.88 of indebtedness through the issuance of 250,527,697 units [2][3] - The restructuring has resulted in the senior lender becoming a "control person" of the company, with shareholder approval obtained for this change [4] - The CEO of Rivalry stated that the completion of these transactions marks a significant milestone for the company, enhancing its balance sheet and positioning it for future growth [5] Private Placement - The third tranche of the private placement involved the issuance of 29,937,930 units at C$0.05 per unit, generating gross proceeds of C$1,496,896.50 [1] - Each unit consists of one subordinate voting share and one purchase warrant, with the warrants exercisable at C$0.10 until October 8, 2027 [1] - The net proceeds from this placement will be used for corporate development and general working capital [1] Debt Restructuring - The debt restructuring involved the settlement of C$12,526,384.88 of indebtedness through the issuance of 250,527,697 debt settlement units at the same offering price [3] - The remaining indebtedness under the secured debenture is C$8,480,000, which has been amended to allow conversion into shares at a price of C$0.10, with a maturity date extended to November 14, 2028 [3] - No interest will be payable on the secured debenture until December 31, 2026 [3] Control Person Status - Following the debt restructuring, the senior lender has become a control person of Rivalry, necessitating shareholder approval which was obtained from over 50% of voting rights [4] Company Overview - Rivalry Corp. operates as a leading sportsbook and iGaming operator, focusing on digital-first players and offering regulated online wagering on esports and traditional sports [7][8] - The company has a global presence, operating in over 20 countries and holding licenses in premier jurisdictions such as the Isle of Man and Ontario [7]

Core Points - Rivalry Corp. has successfully closed the second tranche of its non-brokered private placement, issuing 27,600,000 units at a price of C$0.05 per unit, resulting in gross proceeds of C$1,380,000 [1] - Each unit consists of one subordinate voting share and one purchase warrant, with the warrants exercisable at C$0.10 until October 8, 2027 [1] - The proceeds from the private placement will be used for corporate development and general working capital [1] Additional Closings and Debt Restructuring - The company anticipates completing additional closings of up to 55,200,000 units, including securities from a strategic family office subscription agreement [2] - Rivalry is also in the process of a debt restructuring as per a settlement agreement with its senior lender, expected to be completed by October 24, 2025 [2] Company Overview - Rivalry Corp. operates Rivalry Limited, a prominent sports betting and media company focused on regulated online wagering for esports, traditional sports, and casino games [3] - The company is based in Toronto and operates globally in over 20 countries, holding an Isle of Man license and an internet gaming registration in Ontario [3] - Rivalry aims to shape the future of online gambling for a digital generation, leveraging creative execution and brand positioning [3]

Core Points - Rivalry Corp. has closed the second tranche of its non-brokered private placement, issuing 27,600,000 units at a price of C$0.05 per unit, resulting in gross proceeds of C$1,380,000 [1] - Each unit consists of one subordinate voting share and one purchase warrant, with the warrants exercisable at C$0.10 until October 8, 2027 [1] - The proceeds will be used for corporate development and general working capital purposes [1] Additional Closings and Debt Restructuring - The company expects to complete additional closings of up to 55,200,000 units, including a strategic family office subscription agreement [2] - Rivalry is also pursuing a debt restructuring agreement with its senior lender, expected to be completed by October 24, 2025 [2] Company Overview - Rivalry Corp. operates Rivalry Limited, a leading sports betting and media company focused on online wagering for esports, traditional sports, and casino games [3] - The company is based in Toronto and operates in over 20 countries, holding an Isle of Man license and an internet gaming registration in Ontario [3] - Rivalry aims to shape the future of online gambling for a digital generation, leveraging creative execution and brand positioning [3]

Core Points - Rivalry Corp. has closed an initial tranche of its non-brokered private placement, issuing 27,600,000 units at a price of C$0.05 per unit, resulting in gross proceeds of C$1,380,000 [1] - Each unit consists of one subordinate voting share and one share purchase warrant, with the warrants exercisable at C$0.10 for a period of 24 months [1] - The proceeds from the private placement will be used for corporate development and general working capital purposes [1] Additional Closings and Debt Restructuring - The company expects to complete additional closings of up to 82,800,000 units, including a strategic family office subscription agreement [2] - Rivalry is also pursuing a debt restructuring in accordance with a debt settlement agreement with its senior lender, expected to be completed by October 24, 2025 [2] Company Overview - Rivalry Corp. operates Rivalry Limited, a leading sports betting and media company focused on online wagering for esports, traditional sports, and casino games [3] - The company is based in Toronto and operates in over 20 countries, holding an Isle of Man license and an internet gaming registration in Ontario [3] - Rivalry aims to shape the future of online gambling for a digital generation, leveraging creative execution and brand positioning [3]

Core Viewpoint - Rivalry Corp. is completing a non-brokered private placement to raise up to C$5,520,000 and has entered into a debt settlement agreement to restructure its outstanding indebtedness, marking the conclusion of its strategic review process [1][9][10] Private Placement - The private placement involves issuing up to 110,400,000 units at a subscription price of C$0.05 per unit, with each unit consisting of one subordinate voting share and one warrant [2] - A strategic family office has committed to purchase 82,758,620 units for gross proceeds of C$4,137,931 as part of the initial subscription [2] - The first tranche of the private placement is expected to close around October 8, 2025, subject to necessary approvals [3] Use of Proceeds - Proceeds from the private placement will be utilized for corporate development and general working capital purposes [4] Debt Restructuring - The company has entered into a debt settlement agreement to restructure C$12,526,384.88 of its indebtedness through the issuance of 250,527,697 units at the offering price [6] - After the debt settlement, C$8,480,000 of principal amount will remain outstanding under the secured debenture, which will be convertible into shares at a price of $0.10 per share [6] - The maturity date of the secured debenture will be extended to November 14, 2028, with no interest payable until December 31, 2026 [6] Control Person Status - Following the debt restructuring, the senior lender will become a "control person" of the company, requiring shareholder approval, which has been obtained from holders of over 50% of voting rights [7] Conclusion of Strategic Review - The strategic review process initiated in April 2025 has concluded, positioning Rivalry for growth and sustained value creation [9][10]

Core Insights - Rivalry Corp. has reported significant improvements in its financial performance for Q2 2025, including a 62% reduction in operating expenses year-over-year and a 59% narrowing of net loss, indicating the effectiveness of its restructured business model initiated in late 2024 [1][2][7] Financial Performance - Net revenue for Q2 2025 increased by 24% sequentially to CAD 1.6 million, up from CAD 1.3 million in Q1 2025, despite a flat marketing spend [7] - Operating expenses decreased to CAD 3.6 million in Q2 2025 from CAD 9.5 million in Q2 2024, reflecting a substantial focus on cost reduction [7] - The net loss for Q2 2025 was CAD 2.19 million, down from CAD 5.37 million in Q2 2024 and improved from CAD 2.99 million in Q1 2025 [7] Player Economics - Record player monetization was achieved, with net revenue per player increasing by 49% quarter-over-quarter and 210% higher than the historical average prior to the Q4 2024 transformation [8] - Average monthly deposits per player rose by 28% quarter-over-quarter, following a 175% increase in Q1 from historical levels [8] Strategic Initiatives - The company is undergoing a Strategic Review to explore various potential outcomes aimed at maximizing shareholder value, with a focus on enabling growth from a fundamentally stronger base [9] - Rivalry is assessing targeted cost optimization strategies for H2 2025, with a run-rate monthly operating expense of approximately USD 600,000 [14] Operational Focus - The company has emphasized improved player onboarding, retention, and engagement, contributing to enhanced player segmentation and overall performance [5][6] - Adjusted General and Administration expenses were reported at CAD 1.7 million, compared to CAD 2.5 million, indicating effective cost management [7]

Core Points - Rivalry Corp. has successfully revoked the management cease trade order (MCTO) previously granted by the Ontario Securities Commission, allowing management to trade the company's securities again [1][2] - The revocation follows the completion of the company's annual audited financial statements and interim financial statements for the respective periods [1] - All relevant filings are accessible on the SEDAR+ platform [2] Company Overview - Rivalry Corp. is a sports betting and media company that operates globally, focusing on esports, traditional sports, and casino betting [3] - The company is based in Toronto and has a presence in over 20 countries, holding an Isle of Man license and an internet gaming registration in Ontario [3] - Rivalry aims to shape the future of online gambling for a digital generation, leveraging creative execution and brand positioning [3]

Core Viewpoint - Rivalry Corp. has successfully implemented a strategic overhaul, resulting in significant reductions in operating expenses and net loss, while achieving record user metrics in Q2 2025, indicating a strong foundation for scalability and growth [1][2][3]. Financial Performance - Net revenue for Q1 2025 was $1.3 million, consistent with preliminary results [6]. - Operating expenses decreased by 58% year-over-year to $4 million in Q1 2025, down from $9.6 million in Q1 2024 [6]. - Net loss narrowed by 43% to $3.0 million in Q1 2025 from $5.2 million in the prior-year quarter [6]. - Average Customer Acquisition Cost payback across H1 2025 was approximately 1.5 months, reflecting improved funnel conversion and higher player value [6]. User Metrics and Engagement - Q2 2025 set new records with net revenue per player increasing by 49% compared to Q1 2025, and 210% higher than the historical average prior to the Q4 2024 transformation [6]. - Wagers per player rose by 7% quarter-over-quarter, nearly 300% above the pre-rebuild average [6]. - Average monthly deposits per player in Q1 2025 were over 175% higher than the historical average, increasing a further 28% in Q2 2025 [6]. - Monthly deposit frequency per player in Q1 2025 was up 115% over the historical average, rising another 22% in Q2 2025 [6]. Strategic Initiatives - The company is exploring strategic alternatives to maximize shareholder value and evaluating non-dilutive capital options to accelerate growth [8]. - Key initiatives for H2 2025 include deploying a new promo engine, enhancing CRM for high-value player segmentation, and further operating cost reductions [11]. Structural Advantages - Rivalry has established a leaner, more efficient operating model with a lower fixed-cost base and proven user economics [7][9]. - The company possesses strong regulatory licenses in Ontario and the Isle of Man, proprietary technology, and a globally recognized brand, positioning it as a differentiated operator in the online gambling market [9].