RSI Q3: revenue $169.9M (+15% YoY), positive Adj. EBITDA $4.1M, FY guidance raised to $665-685M

Rush Street Interactive, Inc.

2023-Q3 EPS reported -$0.25 revenue$497,310,000

Revenue $169.9M, up 15% YoY from $148.0M; net loss improved to $13.4M from $22.7M loss.
Adjusted EBITDA positive $4.1M vs. -$12.5M loss year ago; second consecutive quarter of positive Adj. EBITDA.
Full-year 2023 revenue guidance raised to $665-685M; expect positive Adj. EBITDA for FY2023.
Average Revenue per MAU $374, up 8% YoY; advertising spend reduced to $34.1M from $44.7M.
Selected by Delaware Lottery as exclusive online gaming provider; launch expected early winter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rush Street Interactive, Inc. reported the third quarter ended September 30, 2023 results: revenue $169.9 million, net income $13.4 million. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $169.9 million
Net income: $13.4 million
Guidance: raised
Result: reported results

Exact text from the filing

RUSH STREET INTERACTIVE ANNOUNCES THIRD QUARTER 2023 RESULTS - Third Quarter Revenue of $170 Million, up 15% Year-over-Year - - Increased Adjusted EBITDA Profitability for the Second Consecutive Quarter - - Strong Performance Leads to Expectations to be Adjusted EBITDA Positive for Full Year 2023 - - Raising Full Year 2023 Revenue Guidance Midpoint with a Revised Range of Between $665 and $685 Million -

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Source: SEC EDGAR

accession 0001793659-23-000083

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