Rivalry Corp. has launched a same-game parlay product for esports wagering — a first in the industry.
Rivalry’s rapid growth has allowed the company to drive profits. In FY2022, the company generated a record $26.6 million in revenue — a 140% increase year-over-year. The results were driven by a strong fourth quarter, which saw Rivalry report $9.4 million in revenue in Q4 2022 — up 338% compared to the same period a year prior. The company reported a quarterly record handle of $83.9 million in Q4, up from $24.9 million in Q4 2021.
, a 151% uptick compared to Q1 2022. Rivalry, which has 1.5 million customer registrations, reported a betting handle of $120 million in Q1 2023 — an all-time high for the company. Rivalry attributes the growth to its innovation and returning customers.to never miss a story.
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