Rush Street Interactive Boosts Q3 Revenue

Richard Schwartz, CEO of RSI, said, “Thanks to our decade-long investment in state-of-the-art technology and customer-centric approaches, we have established ourselves as the top five online operators in the United States, with a leading position in iGaming and the growth of online sports books.” “As solid consumers seek the best products and user experience, our third-quarter results confirm our ability to deliver both as we continue to win, engage and retain customers.”

“We are proud to highlight our commitment to sustainable growth and profitability, reflecting our expectations that strong revenue growth and more efficient marketing spending will increase quarterly profitability on an adjusted EBITDA basis and have a positive adjusted EBITDA annually. With a focus on innovation and efficiency, market-leading ROI has improved, enabling you to navigate competitive markets with incredible success and resilience. Looking forward to new opportunities in North and South America, we remain optimistic and excited about the path ahead.”

RSI expects revenue to be between $665 million and $685 million for the full year ended December 31, 2023, an increase in midpoint compared to prior guidance. At the midpoint of the range, the $675 million revenue represents a 14% year-over-year growth compared to $592 million in 2022 revenue.

Q3 2023 Highlights
Revenue was $169.9 million in the third quarter of 2023, up 15% from $148 million in the third quarter of 2022. 온라인경마
Net loss was $13.4 million during the third quarter of 2023, compared to a net loss of $22.7 million during the third quarter of 2022.
Adjusted EBITDA was positive for Q3 2023, compared to adjusted EBITDA loss of $12.5 million for Q3 2022.
Adjusted advertising and promotion costs1 were $34.1 million in Q3 2023, compared to $44.7 million in Q3 2022.
For the third quarter of 2023, average monthly revenue per active user (ARPMAU) in the U.S. and Canada was $374, up 8% year over year.
As of September 30, 2023, RSI had unlimited cash and cash equivalents of $171 million.
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