Rivalry is undergoing changes to its leadership team.

The sports betting and media company announced on Friday the appointment of Demi Abidogun-Benson as Interim CFO replacing Kejda Qorri in the position. Demi, who assumed the role on Aug. 16, has been named Interim CFO after joining Rivalry in 2022.

“Kejda has been an integral member of our team since day one, leading the charge on our financial management strategy, public listing, and many other key initiatives across the company,” said Rivalry CEO and co-founder Steven Salz. “We deeply respect her decision to transition out of her role in order to spend time with family, and on behalf of the entire team, we wish Kejda all the best in her future endeavors.”

Before Rivalry, Abidogun-Benson spent time as a Director of Finance at Swash Digital. She also had a 10-year stint at Deloitte Canada where she served as an Audit Manager, Delivery Centre Team Lead, and Manager of Business Transformation and Strategic Change. During her time at Deloitte, Abidogun-Benson also saw her work reach across Europe.

The appointment of an interim CFO adds to a series of workforce changes for Rivalry.

Last month, the company laid off 29 people amid a restructuring process to support expansion in new product categories and audience segments. The restructuring allows Rivalry to realign its teams to streamline operations and improve profitability.

Revenue grows for Rivalry

Rivalry generated $7.7 million in gross gaming revenue in Q1 2024, a 20% increase year-over-year. The Toronto-based company attributed the results to an increase in betting handle. In Q1, Rivalry’s handle reached $94.7 million, an 11% uptick year-over-year.

The company also posted a net loss of $5.2 million, its narrowest loss in four quarters. Rivalry expects to file its Q2 results on Aug. 29 with an earnings call on the same day