NYSE$RSI
Rush Street Interactive Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported a solid third quarter with revenue up 20% year-over-year, driven by efficient marketing and a robust platform.
Rush Street Interactive (RSI) announced its third quarter 2022 financial results, with revenue reaching $148.0 million, a 20% increase compared to the same period in 2021. The company reported a net loss of $22.7 million and an adjusted EBITDA loss of $12.5 million. Despite currency headwinds and a lower than normal online casino hold rate, RSI achieved its fourteenth consecutive quarter of sequential revenue growth. The company expects revenues for the full year to be between $580 million and $600 million.
- Revenue increased by 20% year-over-year to $148.0 million.
- Net loss was $22.7 million, compared to a net loss of $18.9 million in the third quarter of 2021.
- Adjusted EBITDA loss was $12.5 million, slightly up from $12.2 million in the third quarter of 2021.
- Real-Money Monthly Active Users (MAUs) in the United States and Canada grew 31% year-over-year to 130,000, with average revenue per MAU (ARPMAU) of $345, up 6% sequentially.
Headline financials
Revenue & EPS history
Rush Street · Revenue · Quarterly
$148M
Forward guidance
RSI expects revenues for the full year ending December 31, 2022 to be between $580 million and $600 million.
Tailwinds
- Strong volumes in markets with both online casino and sports betting.
- Enhanced profitability offered by the online casino vertical.
- Strong results from Colombia and Ontario.
- Plans to increase marketing efforts in Mexico.
- Focus on building a strong foundation in new markets for long-term growth.
Headwinds
- Currency fluctuations impacting international revenue.
- Lower than normal online casino hold rate.
- Net loss was $22.7 million during the third quarter of 2022, compared to a net loss of $18.9 million during the third quarter of 2021.
- Adjusted EBITDA was a loss of $12.5 million during the third quarter of 2022, compared to an Adjusted EBITDA loss of $12.2 million during the third quarter of 2021.
- The midpoint of the revenue guidance range implies 25% year-over-year growth for the fourth quarter, suggesting a potential slowdown.
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 Q3 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
| 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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