Rivalry raises $7.3M to drive growth, sets quarterly revenue record

Esports focused betting platform Rivalry recorded record highs in its latest earnings report, covering FY2022, Q4 2022 and preliminary results from Q1 2023. Additionally, the company is raising $7.3 million (or $10 million CAD) through a strategic funding round led by bookmaker Pinnacle.

This is the second quarter in a row where Rivalry has recorded record-setting fiscal highs. Unlike many companies in the industry, Rivalry is thriving during this esports winter.