Rivalry Reports Record Third Quarter 2023 Results, Reaffirms H1 2024 Profit Guidance

Company Achieves Record Q3 Against Reduced Marketing Spend and Flattened Opex, Highlighting Operating Leverage; Strongest Customer KPI’s on a Year-to-date Basis in Rivalry’s History; Positioned to Accelerate Growth with Recently Announced $14M Capital InfusionBetting handle of $105.7 million,1 up 50% year-over-year, while reducing marketing spend 13%.Revenue of $8.7 million, a 22% increase year-over-year.Gross profit of $4.0 million, up 90% year-over-year.Casino has grown to approximately half of the Company’s betting handle in Q3, demonstrating ability to cross-sell next generation bettors and drive growth against unseasonably low viewership in select Q3 esports events.Year-to-date customer

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