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Rivalry Corp.
8/29/2024
I will now like to turn the conference over to John Vincic. Please go ahead.
Thank you, operator, and good morning, everyone. Our speakers on today's call will be Stephen Saltz, co-founder and chief executive officer of Rivalry Corp., and Demi Abidogan-Benson, interim chief financial officer. Before we begin, I would like to remind listeners that certain statements made during this conference call presentation may constitute forward-looking information and forward-looking statements within the meaning of applicable securities laws. These statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Rivalry Corp. and its subsidiary entities or the industry in which it operates to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. When used in this conference call presentation, such statements use words such as may, will, expect, believe, plan, and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this presentation. These statements involve known and unknown risks, uncertainties, and other factors, including those risk factors identified in the company's MD&A dated August 29, 2024, under the heading risk factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The company undertakes no obligation to update or revise any forward-looking statements, whether a result of new information, future events, or otherwise, other than as required under securities legislation. And now, I would like to turn the call over to Stephen Saltz. Stephen?
Yeah, thank you, John, and thank you everyone for joining us today. We're pleased to have posted the strongest net revenue margin in company history at 62.5%, which supported 22% year-over-year growth in net revenue in the quarter and 3% sequential growth. We also included news in the earnings release about how Rivalry Token is already driving results, including $1.7 million in revenue generated subsequent to the end of Q2, and we expect this to remain a revenue stream for the business throughout the rest of the third quarter and into the fourth quarter.
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