Rush Street Interactive, Inc. ( (RSI) ) has released its Q4 earnings. Here is a breakdown of the information Rush Street Interactive, Inc. presented to its investors.
Rush Street Interactive, Inc. is a prominent online gaming and sports entertainment company operating in the United States, Canada, and Latin America, known for its brands BetRivers, PlaySugarHouse, and RushBet. It offers a wide range of online casino games and sports betting options, leveraging its proprietary platform.
In its latest earnings report, Rush Street Interactive announced a significant increase in both its fourth quarter and full year 2024 revenues, with a notable rise in net income and adjusted EBITDA. The company reported a 31% year-over-year increase in fourth quarter revenue, reaching $254 million, and a 34% increase in full year revenue, totaling $924 million.
Key financial highlights include a fourth quarter net income of $6.5 million, a turnaround from a net loss in the previous year, and a remarkable 166% year-over-year growth in adjusted EBITDA for the fourth quarter. The full year adjusted EBITDA soared by 1,033%, reaching $92.5 million. The company also reported a substantial increase in monthly active users, particularly in Latin America, and maintained strong average revenue per user metrics.
Looking ahead, Rush Street Interactive has provided guidance for 2025, expecting revenue to range between $1,010 and $1,080 million, and adjusted EBITDA between $115 and $135 million. The company remains optimistic about its growth prospects, driven by strategic investments in technology and partnerships, aiming to deliver sustained value to its customers and shareholders.