RSI Q2 revenue up 34% to $220.4M, net loss narrows to $0.3M; raises FY24 Adj. EBITDA guidance 24%

Rush Street Interactive, Inc.

2024-Q2 EPS reported -$0.01 revenue$437,807,000

Revenue of $220.4M, up 34% YoY from $165.1M; net loss of $0.3M vs $16.7M loss last year.
Adjusted EBITDA surged to $21.4M from $1.2M a year ago; full-year guidance raised to $64-72M (24% midpoint increase).
US/Canada MAU rose 24% to 164,000; Latin America MAU jumped 79% to 288,000.
Unrestricted cash at $194M; advertising spend down 10% to $36.3M, driving improved efficiency.
CEO cited highest revenue growth in over two years in mature PA, NJ, MI markets; launched in Peru.

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