Rivalry full year revenue boosted by record performance

Finance News

Betting firm Rivalry has reported record growth as part of a transparent financial update.

In 2021, Rivalry experienced its strongest year to date, reporting revenue growth of more than 617% by the end of the year. This news comes following a string of expansions for the organisation, including the entry into mobile esports betting.

Betting handle was $78.2 million in 2021, up 202% from $25.9 million in 2020. Revenue was $11.1 million for the full year, an increase of $9.5 million or 617% from $1.5 million in 2020. Gross profit was $2.2 million for the full year, an increase of $1.5 million or 217% from $0.69 million in 2020.

Now, Rivalry seeks to expand further, pushing into more meaningful areas and growing out across the betting industry. There are several goals within sight for the firm, and 2022 is already shaping up to be another exemplary year for the company.

“We had a tremendous year by nearly all measures in 2021. Our team delivered triple-digit growth,
secured the financial resources to accelerate our momentum, continued to strengthen our originally
developed product, added significant talent depth to our bench, and further solidified Rivalry as the most engaged brand in esports betting globally,” said Steven Salz, Co-Founder and CEO of Rivalry.