secwatch.observer — SEC 8-K summary
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Issuer:     Rush Street Interactive, Inc. (RSI)
CIK:        0001793659
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001793659-24-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1793659/000179365924000057/0001793659-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1793659/000179365924000057/rsi-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001793659-24-000057

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