RSI Q2 revenue $165.1M (+15% YoY); Adjusted EBITDA positive $1.2M; raises FY2023 guidance

Rush Street Interactive, Inc.

2023-Q2 EPS reported -$0.19 revenue$327,423,000

Revenue $165.1M, up 15% YoY from $143.7M; net loss narrowed to $16.7M from $28.3M.
Adjusted EBITDA turned positive at $1.2M vs. -$18.6M in Q2 2022; H1 improvement of over $54M.
FY2023 revenue guidance raised to $650-690M (midpoint $670M, 13% YoY growth vs. 2022).
U.S./Canada ARPMAU $359, up 11% YoY; unrestricted cash $128M as of June 30.
CEO cites strong Colombia and post-2020 launch market growth as profitability drivers.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rush Street Interactive, Inc. reported second quarter ended June 30, 2023 results: revenue $165.1 million, net income Net loss was $16.7 million. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $165.1 million
Net income: Net loss was $16.7 million
Guidance: raised
Result: reported results

Exact text from the filing

Second Quarter 2023 Highlights • Revenue was $165.1 million during the second quarter of 2023, an increase of 15%, compared to $143.7 million during the second quarter of 2022. • Net loss was $16.7 million during the second quarter of 2023, compared to a net loss of $28.3 million during the second quarter of 2022.

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Source: SEC EDGAR

accession 0001793659-23-000069

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