Esports betting platform Rivalry has announced that revenue grew 93% year-on-year from $3.7m to $7.1m in a robust Q3 performance driven by strong esports growth.
The company’s revenue performance for the three-month period ending 30 September represents an all-time high, increasing 35% sequentially from $5.3m in Q2 2022. The business’ handle in the period also reached a record high, increasing 203% year-on-year to $70.3m, and 83% quarter-on-quarter from $38.4m.
The operator continued its focus on esports, with 90% of the company’s total sportsbook handle originating in esports. This focus has given Rivalry’s userbase a youthful tint, with 82% of total active users at the business under 30 years old.