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Rush Street Interactive, Inc. (RSI)
:RSI
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.07Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2021
|% Change Since: 38.75%
|Next Earnings Date:Nov 24, 2020
Earnings Call Sentiment|Positive
The call highlighted significant achievements in revenue growth, market expansion, and operational efficiency, particularly in North and Latin America. Despite some challenges, such as currency headwinds and tax concerns in Illinois, the overall outlook remains strong with raised guidance and continued strategic focus on innovation and market diversification.Company Guidance
In the third quarter of 2024 earnings call for Rush Street Interactive (RSI), key metrics and guidance were highlighted by the executives. The company reported a record-breaking revenue of $232 million, marking a 37% increase from the previous year. Adjusted EBITDA also reached a notable $23 million, representing an over fivefold increase from the same period last year. RSI raised its 2024 revenue guidance by 3% and adjusted EBITDA guidance by 24% at the midpoint, with the updated EBITDA guidance midpoint now 110% higher than the original forecast. The company experienced significant growth in monthly active users (MAUs), with North American MAUs up 28% and Latin American MAUs up 122% year-over-year. Average revenue per monthly active user (ARPMAU) in North America increased by 4% to $388. RSI announced a $50 million buyback of common shares, demonstrating confidence in its financial outlook and continued top-line growth.Record-Breaking Revenue and Growth
Achieved a record revenue of $232 million in Q3 2024, representing a 37% increase compared to last year and marking the 15th sequential increase in 16 quarters. Adjusted EBITDA reached $23 million, a 5x increase from the previous year.
Guidance Raised
Raised 2024 revenue guidance by 3% and EBITDA guidance by 24% at the midpoint, with EBITDA guidance midpoint 110% higher than initially projected at the beginning of the year.
Expansion in Latin America
Latin American MAUs increased by 122% year-over-year. Revenue from the region almost doubled, nearing 100% growth, with Latin America now accounting for 16% of total revenue.
Improvement in Marketing Efficiency
Reduced cost to acquire players in North America by about 1/3 compared to the previous year, while maintaining strong growth in first-time depositors and MAUs.
Innovations in Player Engagement
Introduced PropPacks, a new player engagement tool combining sports cards and prop bets, receiving positive feedback and driving user engagement.
Geographic Revenue Diversification
Revenue generated from markets outside of Illinois and Pennsylvania is now 62%, up from 52% a year ago, showing progress in geographic diversification.
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RSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $10.76 | $10.82 | +0.56% |
| Jul 31, 2024 | $10.01 | $10.77 | +7.59% |
| May 01, 2024 | $6.42 | $7.55 | +17.60% |
| Mar 06, 2024 | $5.39 | $6.26 | +16.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rush Street Interactive, Inc. (RSI) report earnings?
Rush Street Interactive, Inc. (RSI) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Rush Street Interactive, Inc. (RSI) earnings time?
Rush Street Interactive, Inc. (RSI) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RSI EPS forecast?
RSI EPS forecast for the fiscal quarter 2024 (Q4) is 0.07.
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