1 row is stored for this page
| Field | Field type | Value |
|---|
| _modificationDate | Datetime | 2023-08-31 10:57:10 AM |
| _pageID | Integer | 3,131 |
| _pageName | Page | Rivalry Reveals Q2 2023 Financial Results |
| _pageTitle | String | News/Rivalry Reveals Q2 2023 Financial Results
|
| _pageNamespace | Integer | 0 |
1 row is stored for this page
| Field | Field type | Value |
|---|
| source | Page | Intrado Globenewswire |
| url | String | https://www.globenewswire.com/news-release/2023/08/29/2733234/0/en/Rivalry-Reports-192-Growth-in-Handle-and-60-Growth-in-Revenue-for-Q2-2023-Projects-Profitability-in-H1-2024.html |
"News" values
1 row is stored for this page
| Field | Field type | Allowed values | Value |
|---|
| image | File | | |
| image_alt | String | | |
| tags | List of String, delimiter: , | | Rivalry |
| targets | List of Page, delimiter: , | | |
| date | Datetime | | 2023-08-31 9:18:33 AM |
| author | Page | | Dante Uzel |
| category | List of String, delimiter: , | Transfer Market · Drama · Business · Companies · Hires · Investments · Mergers and Acquisitions · Sponsorships · More | Business • Companies |
| game | List of String, delimiter: , | Age of Empires · Apex Legends · Brawl Stars · Call of Duty · Counter Strike · Dota 2 · FIFA · Fortnite · Hearthstone · League of Legends · Mobile Legends · NBA 2K · Overwatch · PUBG · PUBG Mobile · Rainbow Six · Rocket League · Smash · Starcraft II · Valorant · Warcraft III · World of Warcraft · Wild Rift | |
| content | Text | | Rivalry revealed its Q2 2023 financial results. The company reported,
* Betting handle for the three-month period ended June 30, 2023 was $112.2 million, an increase of $73.8 million or 192% from $38.4 million in Q2 2022, while reducing marketing spend 6% year-over-year.
* Casino has helped offset historical esports seasonality slowdown in Q2, contributing toward revenue diversity and growth, adding $57.5 million in handle during the second quarter.
* Revenue was $8.5 million in Q2 2023, a record result for a second quarter, representing an increase of $3.2 million or 60% from $5.3 million of revenue in Q2 2022.
* Gross profit was $3.8 million in Q2 2023, an increase of $1.8 million or 86% from $2.1 million of gross profit in Q2 2022.
* Net loss was $6.3 million for Q2 2023, a 1% increase from the net loss of $6.2 million in Q2 2022. A select number of low probability esports and sports outcomes, alongside unique behavioral betting habits from Gen Z users, caused increased margin volatility and negatively impacted revenue, which combined with several one-time expenses expanded the Company’s net loss. |
Scraped sources:
