Rivalry (RVLY) Q1 2025 earnings summary

Executive summary

• Q1 2025 marked the first full quarter under a restructured model, focusing on high-value users, cost rationalization, and product upgrades.

• The business emerged leaner and more scalable, with improved performance and operating leverage.

Financial highlights

• Net revenue was $1.3 million, consistent with preliminary results.

• Operating expenses decreased 58% year-over-year to $4 million.

• Net loss narrowed by 43% to $3.0 million compared to Q1 2024.

• Adjusted marketing spend was approximately $175,000, lower than reported due to non-recurring items.

Outlook and guidance

• Strategic review underway to maximize shareholder value, including evaluation of non-dilutive capital options.

• Key H2 2025 initiatives: new promo engine, casino-led engagement, geographic reactivations, and further cost reductions.

• Financial outlook is subject to risks and may vary materially from projections.