Rivalry Reports Q3 2025 Revenue Growth

Rivalry, the Canada-based esports betting platform, has posted its third consecutive quarter of sequential net revenue growth, underscoring the sector's resilience amid expanding global markets. The operator, licensed in key jurisdictions including the UK, Ontario, and Australia, reported a 15% increase in quarterly revenue to CAD 12.5 million, driven by heightened engagement in Counter-Strike 2 and League of Legends betting during major tournaments such as the StarLadder Budapest Major. This performance highlights how specialized esports operators are capitalizing on younger demographics and innovative features to outpace broader iGaming slowdowns.

• Operators can leverage Rivalry's esports-exclusive tools, such as in-play prop bets, to boost retention among Gen Z bettors by up to 25%.
• Regulators benefit from the platform's compliance with integrity protocols, including ESIC partnerships, which enhance monitoring in high-volume markets like Europe and Asia.
• Bettors benefit from expanded live streaming and crypto options, reducing barriers in regions such as Brazil and Southeast Asia, where mobile wagering dominates.

Esports betting continues to emerge as a high-growth vertical within the global iGaming landscape, with Rivalry's latest financials providing a benchmark for operators navigating regulatory evolution outside mature markets. Founded in 2018, the Toronto-headquartered company has positioned itself as a pioneer by focusing exclusively on competitive gaming and offering odds on over 40 titles from publishers such as Valve and Riot Games. In Q3 2025, ending September 30, Rivalry attributed its revenue uptick to a 20% rise in active users, fueled by partnerships with tournament organizers such as BLAST and ESL. These collaborations enable real-time data feeds and exclusive betting markets, such as round winners in CS2 majors, which accounted for 45% of handle.

The growth aligns with broader industry trends, where esports wagering volumes have surged 106% year-over-year for top titles, according to data provider Oddin.gg. Rivalry's emphasis on responsible gaming—through features such as deposit limits and self-exclusion integrated with UKGC standards—has helped secure licenses in stringent jurisdictions, including a recent expansion into the Australian market via the Northern Territory Racing Commission. This move taps into Oceania's mature betting culture, where esports now ranks among the top five verticals by handle.

For regulators, Rivalry's transparency in reporting suspicious activity via the ESIC's Suspicious Betting Alert Network sets a precedent. The platform flagged 12 potential irregularities in Q3, contributing to proactive enforcement that deters match-fixing in emerging Asian circuits. Implications extend to bettors, who benefit from lower margins (averaging 4.5%) and crypto payouts in USDT, facilitating seamless access in Brazil's nascent regulated framework post-2025 legalization.

As global operators eye 2026 expansions, Rivalry's results signal that niche focus yields superior margins—net profitability hit 8.2%—compared to diversified sportsbooks. With upcoming integrations for new titles like Riot's 2XKO, the platform is poised to capture further share in Europe and LATAM, where esports betting penetration is projected to reach 15% of total iGaming by 2027. This development reinforces the sector's maturation, balancing innovation with integrity to sustain trust among stakeholders.

Sources: Esports Insider, Rivalry Corporate Filings