NYSE$RSI
Rush Street Interactive Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced first quarter 2024 results with revenue up 34% year-over-year and raised full year guidance.
Rush Street Interactive reported a strong first quarter in 2024, achieving record revenue of $217 million and adjusted EBITDA of $17 million. The company's performance was driven by growth in both iCasino and Online Sports businesses. They raised the full year 2024 adjusted EBITDA guidance by 38% at the midpoint.
- Revenue reached $217.4 million, a 34% increase compared to Q1 2023.
- Net loss decreased to $2.2 million, compared to a $24.5 million net loss in Q1 2023.
- Adjusted EBITDA was $17.1 million, a significant improvement from the Adjusted EBITDA loss of $8.7 million in Q1 2023.
- Adjusted advertising and promotions expense decreased by 23% to $37.8 million.
Headline financials
Revenue & EPS history
Rush Street · Revenue · Quarterly
$217M
Forward guidance
Rush Street Interactive expects revenue for the full year 2024 to be between $810 and $860 million, and Adjusted EBITDA to be between $50 and $60 million.
Tailwinds
- Revenue is projected to grow by 21% year-over-year, reaching $835 million at the midpoint.
- Adjusted EBITDA is expected to grow by 573% year-over-year, reaching $55 million at the midpoint.
- Guidance includes only operations in live jurisdictions as of today’s date.
- Guidance assumes RSI continues to operate in markets in which it is live today.
- Increasing Adjusted EBITDA guidance by 38% at the midpoint.
Headwinds
- Guidance does not include potential new market launches.
- Future regulatory changes could impact the company's ability to operate in certain jurisdictions.
- General economic and market conditions could impact demand for RSI’s products and services.
- Unanticipated product or service delays could affect financial results.
- Currency fluctuations could have an impact on financial performance.
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 2024
+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
| Quarter | Report date | Reaction (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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