RSI Q4 revenue $194M up 17% YoY, Adj EBITDA turns positive; FY24 guidance $770-830M revenue

Rush Street Interactive, Inc.

Q4 revenue $193.9M (+17% YoY); net loss narrowed to $5.5M from $31.1M a year ago.
Q4 Adjusted EBITDA $11.5M vs -$17.3M loss; FY23 Adj EBITDA $8.2M vs -$91.8M loss.
FY24 revenue guidance $770-830M; FY24 Adjusted EBITDA guidance $35-45M.
Latin America revenue grew >50% in FY23; MAU in region up 33% to ~204,000.
Advertising expense cut 45% in Q4 to $34.6M; unrestricted cash $168M at year-end.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Rush Street Interactive, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $194 Million, net income Net Loss of $5.5 Million. Guidance initiated.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $194 Million
Net income: Net Loss of $5.5 Million
Guidance: initiated
Result: reported results

Exact text from the filing

RUSH STREET INTERACTIVE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS - Fourth Quarter Revenue of $194 Million, up 17% Year-over-Year - - Full Year 2023 Revenue of $691 Million, up 17% - - Fourth Quarter and Full Year Net Loss of $5.5 Million and $60.1 Million, respectively - - Fourth Quarter and Full Year Adjusted EBITDA of $11.5 Million and $8.2 Million, respectively - - Strong Fourth Quarter 2023 Momentum Reflected in Full Year 2024 Revenue Guidance of Between $770 and $830 Million - - Initiating Full Year 2024 Adjusted EBITDA Guidance of Between $35 and $45 Million -

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Rush Street Interactive, Inc. filing history →

Source: SEC EDGAR

accession 0001793659-24-000004

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