Rivalry Clears Trade Freeze and Files Reports

Rivalry is back on track with its filings and has cleared a regulatory hurdle that briefly restricted its top execs from trading company stock. The Ontario Securities Commission has officially lifted a management cease trade order, and the company is once again fully compliant.

The temporary ban was issued while Rivalry worked on submitting required documents for its 2024 fiscal year and the first quarter of 2025. That included audited financial statements, management analysis, and certifications. All the updated filings are now available on SEDAR+ under Rivalry’s profile.

Good to know

• Ontario Securities Commission removed Rivalry’s management trading restriction on July 17.
• Rivalry’s annual net revenue for 2024 dropped to $13.6 million.
• The company ended the year with a net loss of $22.4 million and $2.7 million in cash.

Casino.exe, its interactive casino platform, features original games like Penalty Shootout and Bomb Squad.

While Rivalry reported lower revenue in 2024, it also trimmed expenses and narrowed its losses. The Canadian betting and media company pulled in $13.6 million in net revenue, down about $3 million from the previous year.

However, the cut in operating costs stood out. Rivalry reduced spending by 17% year over year, lowering total operating expenses to $32.2 million. The company closed the year with a $22.4 million net loss, which, while still deep, marks an improvement from 2023. As of the end of the year, Rivalry had $2.7 million in cash.

On the product side, Rivalry continues to push Casino.exe, its unique casino interface that blends games into a digital environment. Players can access in-house and third-party titles, including Courier Sweeper, Wheel of Time, and more.

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