NYSE$RSI
Rush Street Interactive Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Announced second quarter 2024 results and raised full year guidance.
Rush Street Interactive reported a revenue of $220.4 million for the second quarter of 2024, a 34% increase compared to the same period in 2023. The company's net loss was $0.3 million, significantly improved from a $16.7 million loss in the previous year. Adjusted EBITDA exceeded $21 million, and the full year Adjusted EBITDA guidance was raised by 24% at the midpoint.
- Revenue increased by 34% year-over-year, reaching $220.4 million.
- Net loss significantly improved to $0.3 million from $16.7 million year-over-year.
- Adjusted EBITDA exceeded $21 million, showcasing operating momentum.
- Full year 2024 Adjusted EBITDA guidance raised by 24% at the midpoint, with a revised range of $64 to $72 million.
Headline financials
Revenue & EPS history
Rush Street · Revenue · Quarterly
$220M
Forward guidance
RSI expects revenue for the full year ending December 31, 2024, to be between $860 and $900 million, representing a 27% year-over-year growth at the midpoint. Adjusted EBITDA is expected to be between $64 and $72 million for the same period.
Tailwinds
- Revenue expected to be between $860 and $900 million.
- Midpoint revenue of $880 million represents 27% year-over-year growth.
- Adjusted EBITDA expected to be between $64 and $72 million.
- Midpoint Adjusted EBITDA of $68 million compares to $8.2 million in 2023.
- Guidance based on operations in live jurisdictions and continued operation in current markets.
Headwinds
- Guidance excludes operations in jurisdictions not live as of the report date.
- Assumes continued operation in current markets.
- Future results may differ due to changes in laws and regulations.
- Growth management and sustainability are critical.
- Potential adverse effects of economic conditions, inflation, and interest rates.
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 Q2 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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