Leading sports betting and media company Oppose Has published it Q1 resultsHighlighting significant progress. According to the leadership, the company’s restructuring model has been successful, which appreciated the “complete emergence of rivalry 2.0”.

Rivalry opens a new chapter

Reticitation, which made an important reconstruction, announced that these efforts have helped reduce its Q1 operating expenses by 58% year-to-year. Cad 4 million ($ 2.9 million). At the same time, the company said that its net loss was compressed by 43%. Cad 10 million ($ 7.3 million).

The company stated that a significant part of its Q1 expenses was non-recurring or non-operated in nature and included annual audit costs, regulatory fees and inheritance payments from pre-period.

Marketing expenses of rivalry for Q1 stood up CAD 175,000 ($ 127k). Additional matrix includes CAD 1.3 million ($ 950k) in net revenue, which was in line with the company’s initial report. Pure revenue per player was 49% YOY and 210% more than the historic average before the company’s change. This reflected a 7% increase in stakes per player based on a quarter-limit.

Rivalry said that its average monthly deposit per player had more than 175% from the historic average and Q2 increased by 28%. The monthly deposit frequency per player was 115% higher than the historical average in Q1 and an additional 22% in Q2.

Rivalry said that its breekwane pure revenue is now broadly. $ 600,000 per month. While this figure is lower than the previous results, it reflects the company’s significant changes and cost optimization.

The engine is rebuilt

rival Changes began in 2024 as the company demanded a strategic change towards high value users, deep cost rationalization, better products and excellent execution of the company’s strategy in each aspect of business. Q1 was the first quarter in which the company was operated under this new model.

Among other things, rivalry introduced important business intelligence-operated reforms in VIP identity, division and servicing. The company modernized its product, introduced proprietary BI tooling and deployed better division and CRM system.

Results, according to CEO Steven SalzThere is an operating model that is “not only lean and disciplined, but also high-lower.”

This quarterly rivalry is the complete emergence of 2.0 – lean, sharp and structurally strong. We have rebuilt the foundation of business around high efficiency acquisitions, high-value users and a ownership product-and we are already seeing effects.

Steven Salz, CEO, rivalry

According to Salz, rivalry is now a new company designed for scalability.

Hope to reduce rivalry further

The company said it is ready for H2 and has planned a variety of initiatives including deployment of a new promo engine, introduction of new features and mechanics and improvement in CRM efforts.

The company is also eager to reduce the Brikeven Point and further increase its flexibility.