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Rivalry (RVLY) investor relations material
Rivalry Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 marked the second full quarter under a restructured, high-leverage model focused on efficiency and player monetization.
Net revenue per player and player engagement metrics reached record highs, driven by product improvements and operational discipline.
Strategic review remains ongoing, with a focus on maximizing shareholder value and further cost optimization.
Financial highlights
Net revenue rose 24% sequentially to $1.6 million in Q2 2025, up from $1.3 million in Q1 2025.
Operating expenses declined 62% year-over-year to $3.6 million.
Net loss narrowed 59% year-over-year to $2.19 million, and improved from $2.99 million in Q1 2025.
Adjusted G&A expense was $1.7 million, and adjusted technology/content expense was $440,000, reflecting non-recurring cost adjustments.
Outlook and guidance
Management continues to target breakeven operations, with run-rate monthly operating expenses at approximately $600,000 USD.
Additional cost reductions are being assessed for H2 2025 as part of the ongoing strategic review.
Forward-looking statements highlight the goal of achieving cash flow positivity in future periods.
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