Competition Intensifies: Predicted Year of Remarkable Advancements for 2023
Unleashing the Future: Rivalry's 2023 Game Plan Unveiled
Hey there! Let's dive into Rivalry's thrilling game plan for 2023, as shared in a letter to its shareholders. Buckle up, because this is going to be a wild ride!
Rewind to 2022: Breaking Records and Paving the Way
2022 was a transformative year for Rivalry, marked by explosive growth and historic milestones. The company boasted triple-digit revenue and betting handle growth compared to the previous year, and managed to score its first profitable month in October. Rivalry emphasized the importance of diversification, which helped limit the effect of seasonality and broke free from the shackles of reliance on bonuses and player subsidies.
I'm super proud of the unique approach Rivalry has embodied from the get-go, which has forged a genuinely exceptional product and brand that's driving operational leverage and reaping benefits across the company.
The innovative strategy has already proven its worth, enabling Rivalry to chop bonus and promotional spending by half compared to its revenue growth from the previous year, secure a below-market cost of customer acquisition, and break free from the need for new net spend to drive growth. All this while steering the company on the path to profitability.
Unlocking the Mysteries of Gaming Culture
The letter to shareholders delved deeper into the intricacies of Rivalry's customer acquisition strategy, born from a deep-rooted understanding of gaming and internet culture, and a wealth of knowledge about demographics gained through engaging in player communities. This intimate familiarity with audiences and cultures poised to define the next era of consumer products allow Rivalry to tap into the global gaming audience and stir up betting activity among esports viewers worldwide, numbering a whopping 532 million.
Stepping into 2023: A World of Opportunities Awaits
So, what does the future hold for Rivalry? In 2023, the company plans to flex its muscles in the esports arena by adding new titles and markets, rolling out fresh in-house developed and third-party games on its proprietary Casino.exe platform, and launching a mobile app to make its product more accessible.
Rivalry aims to expand its reach geographically, increase its addressable market and customer base, broaden its content and partner program, and foster continuous dialogue with the capital markets to court fresh investors.
With an eye toward profitability, Rivalry sets its sights on creating margin stability, beefing up average customer spend, capturing intrinsic value through a larger total addressable market, and further lowering customer acquisition costs.
As Rivalry marches into 2023, it's brimming with excitement to keep showcasing its operational brilliance and paving the way in this highly competitive industry. Stay tuned to witness more record-breaking achievements! 🥳🚀🎮
In the revealed game plan for 2023, Rivalry intends to broaden its content offerings by incorporating esports titles and casino games on its proprietary platform, which opens possibilities for sports betting (sports betting). Furthermore, the company plans to launch a mobile app to cater to a larger customer base and technology-driven audience (technology).
In their quest for continued growth, Rivalry hopes to explore new geographic markets, expand their addressable market, and lower customer acquisition costs (casino), all while maintaining a focus on profitability (sports).
