Esports betting firm Rivalry cuts losses as turnaround gains momentum

Rivalry, a leading regulated esports and sports betting company, has announced its full-year 2024 financial results, revealing the early success of a comprehensive business transformation aimed at long-term sustainability and profitability.

The report details a narrowing net loss, a sharp reduction in operating expenses, and early signs of improved customer economics, marking what CEO Steven Salz described as “a foundational rebuild” to position Rivalry for leaner, more efficient betting operations in 2025.