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Rivalry Corp (TSE:RVLY)
:RVLY
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Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 27, 2022
|% Change Since: 66.67%
|Next Earnings Date:Nov 24, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted significant improvements in product offerings and operational efficiency, with record increases in net revenue per user and successful cost reductions. However, these achievements were tempered by a decrease in betting handle and a slight increase in net loss. The positive developments in the crypto segment and successful capital raise indicate a strong foundation for future growth.Company Guidance
During the Q3 2024 earnings call for Rivalry Corp (RVLY.V), significant guidance was provided on the company's strategic realignment and financial performance. The executives highlighted a dramatic reduction in operating expenses by approximately 50% and a substantial organizational overhaul, including a 50% reduction in headcount. The company completed a major product overhaul within 90 days, featuring a revamped registration flow, sportsbook, and a new crypto-first cashier, which contributed to a 51% increase in average net revenue per user compared to the 2024 year-to-date average. Additionally, Rivalry's native crypto token, NUTZ, generated $3 million in deferred revenue during Q3. The company also reported a 9% sequential decrease in betting handle to $79.9 million and adjusted revenue of $6 million, including the deferred revenue from NUTZ. These efforts align with Rivalry's aim to capture crypto gambling market share and achieve near-term profitability.Record Increase in Net Revenue Per User
Average net revenue per user hit all-time records, increasing by 51% compared to the 2024 year-to-date average and by 70% compared to the trailing 3-year average.
Successful Product Overhaul
Completed the largest product overhaul in Rivalry's history, including a revamped registration flow, sportsbook, new crypto-first cashier, redesigned casino offering, and a comprehensive VIP rewards program.
Cost Reduction and Efficiency Improvements
Reduced operating expenses by approximately 50% and achieved a more robust and higher output organization with measurable output climbing over 200%.
Positive Developments in Crypto Segment
Rivalry's native crypto token, NUTZ, generated $3 million in deferred revenue in Q3, signaling positive market reception among target audiences.
Successful Capital Raise
Closed the second tranche of a non-broker private placement, raising $3 million, strengthening the balance sheet and supporting the trajectory to profitability.
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TSE:RVLY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:RVLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 29, 2024 | C$0.12 | C$0.16 | +33.33% |
| Aug 29, 2024 | C$0.36 | C$0.38 | +5.56% |
| May 30, 2024 | C$0.72 | C$0.76 | +5.56% |
| Apr 05, 2024 | C$0.96 | C$0.96 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rivalry Corp (TSE:RVLY) report earnings?
Rivalry Corp (TSE:RVLY) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Rivalry Corp (TSE:RVLY) earnings time?
Rivalry Corp (TSE:RVLY) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:RVLY EPS forecast?
Currently, no data Available
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