secwatch.observer — SEC 8-K summary
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Issuer:     Rush Street Interactive, Inc. (RSI)
CIK:        0001793659
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001793659-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1793659/000179365924000004/0001793659-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1793659/000179365924000004/rsi-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001793659-24-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer