NYSE$RSI

Rush Street Interactive Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced first quarter 2022 results and raised full year 2022 guidance.

Rush Street Interactive reported a revenue of $134.9 million for the first quarter of 2022, representing a 21% increase compared to the first quarter of 2021. The company's net loss was $52.3 million, and they are raising full year revenue guidance to between $600 and $650 million.

  • Revenue was $134.9 million during the first quarter of 2022, an increase of 21% year-over-year.
  • Net loss was $52.3 million during the first quarter of 2022.
  • Real-Money Monthly Active Users (“MAUs”) in the United States for the first quarter of 2022 grew 32% year-over-year to over 150,000 with average revenue per MAU (“ARPMAU”) of $265 during the first quarter of 2022.
  • As of March 31, 2022, unrestricted cash and cash equivalents on the balance sheet were $232.2 million with no debt outstanding.

Headline financials

Total Revenue

$135M

Previous: $112M+20.7%
EPS (adj)

-$0.22

Previous: -$0.08-175.0%
Capital Expenditures

-$1.05M

Previous: -$447K-133.8%
Free Cash Flow

-$15.7M

Previous: -$464K-3292.7%
Net Income

-$14.7M

Previous: -$17K-86352.9%
Operating Income

-$50M

Previous: -$27.3M-83.2%
Gross Profit

$35.1M

No prior period
Cash & Equivalents

$232M

No prior period
Total Assets

$377M

No prior period
Stock-Based Comp

$3.94M

No prior period

Revenue & EPS history

Rush Street · Revenue · Quarterly

$135M

Q1 2022+20.7%vs Q1 2021
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Forward guidance

RSI expects revenues for the full year ending December 31, 2022 to increase to between $600 million to $650 million, up from its previous guidance of between $580 and $630 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 2022

Historical avgQ1 2022

+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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