NYSE$RSI

Rush Street Interactive Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Announced first quarter results with revenue up 218% year-over-year and raised full year 2021 guidance.

Rush Street Interactive reported strong first-quarter results with a 218% increase in revenue year-over-year, reaching $111.8 million. The company launched online casino and sportsbook in Michigan and online sportsbook in Virginia. Due to the strong cash position, the company increased its marketing spend in 2021 and raised its full-year revenue guidance to between $440 and $480 million.

  • First quarter revenue reached $111.8 million, a 218% increase year-over-year.
  • Launched online casino and sportsbook in Michigan and online sportsbook in Virginia during the quarter.
  • Increased 2021 revenue guidance to between $440 and $480 million.
  • Launched online casino in West Virginia in April.

Headline financials

Total Revenue

$112M

Previous: $520K+21403.8%
EPS (adj)

-$0.08

Previous: -$0.52+84.8%
Capital Expenditures

-$447K

No prior period
Free Cash Flow

-$464K

Previous: $251K-284.8%
Net Income

-$17K

Previous: $251K-106.8%
Operating Income

-$27.3M

Previous: -$171K-15912.8%

Revenue & EPS history

Rush Street · Revenue · Quarterly

$112M

Q1 2021+21,403.8%vs Q1 2020
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Forward guidance

RSI expects revenues for the full year ending December 31, 2021 to be between $440 and $480 million, up from its previous guidance of between $420 and $460 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.2%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+7.0%

Avg return

30 days after

50%

12 / 24 earnings

Positive

+18.6%

Q4 2023

Best reaction

-19.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%+4.3%-9.5%
Q4 2025+7.7%+8.3%+22.2%
Q3 2025-6.7%-7.6%+1.5%
Q1 2025-5.6%-5.2%+4.6%
Q4 2024-15.3%-15.1%-18.6%
Q3 2024+2.0%+2.4%+35.9%
Q2 2024+7.9%-5.0%-6.1%
Q1 2024+18.2%+30.2%+40.1%
Q4 2023+18.6%+9.7%+33.1%
Q3 2023+5.3%+12.0%+23.5%
Q2 2023+15.6%+9.6%+19.7%
Q1 2023-0.3%+2.5%+1.9%
Q4 2022-8.4%-8.8%-25.8%
Q3 2022-7.6%-6.7%-15.4%
Q2 2022-3.9%-10.0%-19.6%
Q1 2022-1.3%-19.6%-15.4%
Q4 2021-19.3%-22.7%-27.8%
Q3 2021+1.5%+3.1%-14.7%
Q2 2021+3.8%-5.0%+20.6%
Q1 2021-1.6%+3.4%+12.9%
Q4 2020+18.0%+26.9%-2.9%
Q3 2020+2.3%+25.7%+80.7%
Q2 2020+0.9%+0.7%+26.9%
Q1 2020-1.9%-1.9%-0.1%

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